Country Trust Bank Sells 365 Shares of Markel Group Inc. (NYSE:MKL)

Country Trust Bank decreased its holdings in Markel Group Inc. (NYSE:MKL - Free Report) by 1.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 21,282 shares of the insurance provider's stock after selling 365 shares during the quarter. Country Trust Bank owned approximately 0.17% of Markel Group worth $36,738,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Gold Investment Management Ltd. lifted its stake in shares of Markel Group by 0.6% in the 3rd quarter. Gold Investment Management Ltd. now owns 1,219 shares of the insurance provider's stock valued at $1,912,000 after purchasing an additional 7 shares during the period. Gilbert & Cook Inc. grew its stake in shares of Markel Group by 1.7% in the 4th quarter. Gilbert & Cook Inc. now owns 428 shares of the insurance provider's stock valued at $739,000 after buying an additional 7 shares during the period. Freedom Day Solutions LLC grew its stake in Markel Group by 0.5% in the third quarter. Freedom Day Solutions LLC now owns 1,483 shares of the insurance provider's stock valued at $2,326,000 after acquiring an additional 8 shares during the period. Hunter Associates Investment Management LLC grew its position in Markel Group by 1.1% in the 3rd quarter. Hunter Associates Investment Management LLC now owns 745 shares of the insurance provider's stock valued at $1,170,000 after purchasing an additional 8 shares during the period. Finally, Financial Advocates Investment Management raised its holdings in Markel Group by 3.2% during the third quarter. Financial Advocates Investment Management now owns 259 shares of the insurance provider's stock worth $406,000 after buying an additional 8 shares during the last quarter. Institutional investors own 77.12% of the company's stock.

Analysts Set New Price Targets

MKL has been the subject of a number of analyst reports. StockNews.com cut shares of Markel Group from a "buy" rating to a "hold" rating in a report on Monday. Jefferies Financial Group increased their price objective on Markel Group from $1,590.00 to $1,600.00 and gave the stock a "hold" rating in a research note on Wednesday, October 9th. TD Cowen cut Markel Group from a "buy" rating to a "hold" rating and cut their target price for the company from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. Finally, Royal Bank of Canada lowered their price target on Markel Group from $1,700.00 to $1,675.00 and set a "sector perform" rating for the company in a research report on Friday, November 1st. One analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat.com, Markel Group has an average rating of "Hold" and a consensus price target of $1,626.83.

Markel Group Stock Performance

Shares of MKL stock opened at $1,831.59 on Friday. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60. The firm has a market cap of $23.55 billion, a price-to-earnings ratio of 8.45 and a beta of 0.78. Markel Group Inc. has a 52 week low of $1,342.66 and a 52 week high of $1,842.48. The firm's 50-day simple moving average is $1,747.98 and its two-hundred day simple moving average is $1,637.94.

Markel Group (NYSE:MKL - Get Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share 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 analysts' expectations of $3.74 billion. Markel Group had a return on equity of 10.86% and a net margin of 17.03%. As a group, equities analysts forecast that Markel Group Inc. will post 86.92 earnings per share for the current year.

About Markel Group

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.

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