Canandaigua National Trust Co of Florida Takes Position in Markel Group Inc. (NYSE:MKL)

Canandaigua National Trust Co of Florida acquired a new position in shares of Markel Group Inc. (NYSE:MKL) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 283 shares of the insurance provider’s stock, valued at approximately $489,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of MKL. Brooklyn Investment Group acquired a new stake in shares of Markel Group in the third quarter valued at about $31,000. Toth Financial Advisory Corp lifted its holdings in shares of Markel Group by 1,000.0% during the third quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider’s stock worth $35,000 after buying an additional 20 shares during the last quarter. Larson Financial Group LLC bought a new stake in shares of Markel Group in the third quarter valued at approximately $36,000. Wilmington Savings Fund Society FSB bought a new position in Markel Group during the third quarter worth $42,000. Finally, UMB Bank n.a. raised its stake in Markel Group by 833.3% during the 3rd quarter. UMB Bank n.a. now owns 28 shares of the insurance provider’s stock valued at $44,000 after purchasing an additional 25 shares during the last quarter. 77.12% of the stock is currently owned by institutional investors and hedge funds.

Markel Group Price Performance

MKL stock traded down $9.33 during trading on Monday, hitting $1,703.75. The company had a trading volume of 61,457 shares, compared to its average volume of 41,352. The company has a fifty day moving average price of $1,700.93 and a two-hundred day moving average price of $1,614.15. Markel Group Inc. has a fifty-two week low of $1,342.66 and a fifty-two week high of $1,809.11. The company has a market cap of $21.91 billion, a P/E ratio of 7.86 and a beta of 0.78. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26.

Markel Group (NYSE:MKL) last issued its earnings results on Wednesday, October 30th. The insurance provider reported $17.34 EPS for the quarter, missing the consensus estimate of $21.97 by ($4.63). The firm had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.74 billion. Markel Group had a net margin of 17.03% and a return on equity of 10.86%. Equities research analysts expect that Markel Group Inc. will post 86.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on MKL shares. Royal Bank of Canada decreased their price target on shares of Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating on the stock in a research report on Friday, November 1st. Jefferies Financial Group boosted their price target on Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. StockNews.com upgraded Markel Group from a “hold” rating to a “buy” rating in a research report on Monday, December 30th. Finally, TD Cowen cut Markel Group from a “buy” rating to a “hold” rating and lowered their price objective for the company from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, Markel Group currently has a consensus rating of “Hold” and a consensus target price of $1,626.83.

Markel Group Company Profile

Markel Group Inc, a diverse holding company, engages in marketing and underwriting specialty insurance products in the United States, Bermuda, the United Kingdom, and Germany. The company offers general and professional liability, personal lines, marine and energy, specialty programs, and workers' compensation insurance products; and property coverages that include fire, allied lines, and other specialized property coverages, including catastrophe-exposed property risks, such as earthquake and wind.