Hills Bank & Trust Co Sells 25 Shares of Markel Group Inc. (NYSE:MKL)

Hills Bank & Trust Co decreased its holdings in Markel Group Inc. (NYSE:MKL) by 3.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 801 shares of the insurance provider’s stock after selling 25 shares during the period. Hills Bank & Trust Co’s holdings in Markel Group were worth $1,137,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Charles Schwab Investment Management Inc. boosted its holdings in Markel Group by 3.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 52,254 shares of the insurance provider’s stock worth $74,195,000 after purchasing an additional 1,527 shares during the last quarter. Apollon Wealth Management LLC purchased a new position in shares of Markel Group in the 4th quarter worth $510,000. Private Advisor Group LLC grew its holdings in shares of Markel Group by 84.4% in the fourth quarter. Private Advisor Group LLC now owns 520 shares of the insurance provider’s stock worth $739,000 after acquiring an additional 238 shares during the period. Evergreen Wealth Management LLC increased its position in Markel Group by 1.8% during the fourth quarter. Evergreen Wealth Management LLC now owns 3,183 shares of the insurance provider’s stock valued at $4,519,000 after acquiring an additional 55 shares during the last quarter. Finally, National Bank of Canada FI lifted its holdings in Markel Group by 91.0% in the fourth quarter. National Bank of Canada FI now owns 5,164 shares of the insurance provider’s stock valued at $7,412,000 after acquiring an additional 2,461 shares during the period. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Markel Group Price Performance

Markel Group stock traded up $20.73 during mid-day trading on Thursday, hitting $1,636.56. The stock had a trading volume of 33,951 shares, compared to its average volume of 48,833. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.25. The firm’s 50 day moving average is $1,499.61 and its 200 day moving average is $1,449.19. The firm has a market capitalization of $21.28 billion, a P/E ratio of 8.84 and a beta of 0.69. Markel Group Inc. has a one year low of $1,295.65 and a one year high of $1,644.37.

Analyst Upgrades and Downgrades

Several research firms have recently commented on MKL. Royal Bank of Canada upped their price target on shares of Markel Group from $1,475.00 to $1,625.00 and gave the company a “sector perform” rating in a research report on Friday, May 3rd. Jefferies Financial Group lowered Markel Group from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $1,680.00 to $1,500.00 in a research note on Monday, February 5th. Truist Financial raised their target price on Markel Group from $1,400.00 to $1,600.00 and gave the stock a “hold” rating in a report on Friday, May 3rd. Finally, Janney Montgomery Scott reissued a “neutral” rating and set a $1,600.00 price target on shares of Markel Group in a report on Friday, March 15th. One equities research analyst has rated the stock with a sell rating and five have issued a hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $1,520.00.

Markel Group 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.