Canandaigua National Trust Co of Florida Makes New $502,000 Investment in Markel Group Inc. $MKL

Canandaigua National Trust Co of Florida bought a new position in Markel Group Inc. (NYSE:MKL) in the 3rd quarter, according to its most recent filing with the SEC. The institutional investor bought 293 shares of the insurance provider’s stock, valued at approximately $502,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in MKL. Ridgewood Investments LLC raised its holdings in shares of Markel Group by 0.9% in the third quarter. Ridgewood Investments LLC now owns 1,936 shares of the insurance provider’s stock valued at $3,315,000 after acquiring an additional 17 shares in the last quarter. Heartwood Wealth Advisors LLC grew its holdings in Markel Group by 2.7% during the 3rd quarter. Heartwood Wealth Advisors LLC now owns 226 shares of the insurance provider’s stock worth $387,000 after acquiring an additional 6 shares in the last quarter. QRG Capital Management Inc. grew its holdings in Markel Group by 13.2% during the 2nd quarter. QRG Capital Management Inc. now owns 619 shares of the insurance provider’s stock worth $1,209,000 after acquiring an additional 72 shares in the last quarter. Andra AP fonden increased its position in Markel Group by 98.6% during the 2nd quarter. Andra AP fonden now owns 2,659 shares of the insurance provider’s stock valued at $5,193,000 after purchasing an additional 1,320 shares during the period. Finally, Silicon Valley Capital Partners raised its holdings in shares of Markel Group by 283.3% in the 2nd quarter. Silicon Valley Capital Partners now owns 23 shares of the insurance provider’s stock valued at $45,000 after purchasing an additional 17 shares in the last quarter. Institutional investors own 77.12% of the company’s stock.

Markel Group Stock Down 0.7%

Shares of MKL stock traded down $11.90 during mid-day trading on Wednesday, hitting $1,726.43. 87,228 shares of the stock traded hands, compared to its average volume of 64,665. The stock has a market cap of $21.39 billion, a P/E ratio of 9.49 and a beta of 0.64. The stock’s fifty day moving average is $1,806.34 and its two-hundred day moving average is $1,862.99. Markel Group Inc. has a 52-week low of $1,704.17 and a 52-week high of $2,207.59. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.63 and a quick ratio of 0.63.

Wall Street Analyst Weigh In

MKL has been the subject of several research reports. Weiss Ratings cut shares of Markel Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, September 17th. Wolfe Research began coverage on shares of Markel Group in a report on Wednesday, July 1st. They set an “underperform” rating on the stock. Finally, Wall Street Zen upgraded Markel Group from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Four equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $2,025.00.

Markel Group Company Profile

Markel Group Inc (NYSE: MKL) is a diversified holding company focused primarily on specialty insurance and investments. Through its insurance operations, the company provides coverage for risks that may be complex, specialized or underserved by standard insurance markets, including commercial, professional liability, marine, casualty and other specialty lines.

Markel’s insurance business operates through a network of underwriting platforms and subsidiaries serving businesses and individuals in the United States and international markets, including the United Kingdom, Europe, Canada and other regions.