Toronto Dominion Bank Sells 295 Shares of Markel Group Inc. (NYSE:MKL)

Toronto Dominion Bank lessened its holdings in Markel Group Inc. (NYSE:MKL) by 18.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,275 shares of the insurance provider’s stock after selling 295 shares during the period. Toronto Dominion Bank’s holdings in Markel Group were worth $2,009,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Thurston Springer Miller Herd & Titak Inc. bought a new stake in shares of Markel Group during the 2nd quarter valued at approximately $55,000. Ables Iannone Moore & Associates Inc. bought a new stake in shares of Markel Group during the fourth quarter worth $57,000. GAMMA Investing LLC increased its holdings in shares of Markel Group by 90.0% during the first quarter. GAMMA Investing LLC now owns 38 shares of the insurance provider’s stock worth $58,000 after buying an additional 18 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in Markel Group during the 2nd quarter worth $65,000. Finally, Evermay Wealth Management LLC acquired a new position in Markel Group in the 1st quarter worth about $75,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Analyst Upgrades and Downgrades

MKL has been the topic of several research reports. Citigroup upped their price objective on Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a research note on Tuesday, July 23rd. StockNews.com upgraded shares of Markel Group from a “hold” rating to a “buy” rating in a report on Wednesday, September 25th. Finally, TD Cowen initiated coverage on Markel Group in a research note on Tuesday, July 9th. They issued a “buy” rating and a $1,986.00 price objective on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $1,626.83.

Insider Transactions at Markel Group

In other Markel Group news, Director Lawrence A. Cunningham acquired 20 shares of the company’s stock in a transaction on Monday, August 5th. The shares were acquired at an average cost of $1,512.50 per share, with a total value of $30,250.00. Following the completion of the acquisition, the director now directly owns 743 shares in the company, valued at $1,123,787.50. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.71% of the stock is owned by corporate insiders.

Markel Group Trading Down 0.4 %

Shares of Markel Group stock opened at $1,569.08 on Monday. The firm has a market cap of $20.40 billion, a PE ratio of 8.48 and a beta of 0.73. The stock has a fifty day moving average price of $1,562.35 and a 200-day moving average price of $1,555.68. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.60 and a quick ratio of 0.60. Markel Group Inc. has a 1 year low of $1,295.65 and a 1 year high of $1,670.24.

Markel Group (NYSE:MKL) last released its earnings results on Wednesday, July 31st. The insurance provider reported $25.95 earnings per share for the quarter, beating analysts’ consensus estimates of $20.76 by $5.19. Markel Group had a net margin of 13.00% and a return on equity of 11.12%. The firm had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.86 billion. Equities research analysts anticipate that Markel Group Inc. will post 89.1 EPS for the current year.

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.