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

Toronto Dominion Bank cut its stake in shares of Markel Group Inc. (NYSE:MKL) by 18.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,275 shares of the insurance provider’s stock after selling 295 shares during the quarter. Toronto Dominion Bank’s holdings in Markel Group were worth $2,009,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Global Assets Advisory LLC bought a new position in Markel Group during the 1st quarter valued at about $133,143,000. Boston Partners raised its position in Markel Group by 36.7% in the 1st quarter. Boston Partners now owns 214,400 shares of the insurance provider’s stock valued at $326,124,000 after purchasing an additional 57,528 shares during the last quarter. Confluence Investment Management LLC acquired a new position in Markel Group in the first quarter worth $60,937,000. Epoch Investment Partners Inc. grew its holdings in Markel Group by 58.7% during the 4th quarter. Epoch Investment Partners Inc. now owns 56,561 shares of the insurance provider’s stock worth $80,311,000 after acquiring an additional 20,930 shares during the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. lifted its position in shares of Markel Group by 15.4% during the second quarter. Van Lanschot Kempen Investment Management N.V. now owns 85,247 shares of the insurance provider’s stock worth $134,320,000 after purchasing an additional 11,357 shares in the last quarter. Institutional investors and hedge funds own 77.12% of the company’s stock.

Insider Transactions at Markel Group

In other news, Director Lawrence A. Cunningham purchased 20 shares of the company’s stock in a transaction on Monday, August 5th. The shares were purchased at an average cost of $1,512.50 per share, with a total value of $30,250.00. Following the completion of the transaction, the director now owns 743 shares of the company’s stock, valued at approximately $1,123,787.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Company insiders own 1.71% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Citigroup raised their price target on shares of Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a report on Tuesday, July 23rd. TD Cowen initiated coverage on shares of Markel Group in a research report on Tuesday, July 9th. They set a “buy” rating and a $1,986.00 target price on the stock. Finally, StockNews.com raised shares of Markel Group from a “hold” rating to a “buy” rating in a research note on Wednesday, September 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $1,626.83.

Markel Group Stock Down 0.4 %

Markel Group stock opened at $1,569.08 on Monday. The firm has a market capitalization of $20.40 billion, a price-to-earnings ratio of 8.48 and a beta of 0.73. The company’s 50 day simple moving average is $1,562.35 and its 200 day simple moving average is $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 fifty-two week low of $1,295.65 and a fifty-two week high of $1,670.24.

Markel Group (NYSE:MKL) last released its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $25.95 EPS for the quarter, topping analysts’ consensus estimates of $20.76 by $5.19. The company had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.86 billion. Markel Group had a return on equity of 11.12% and a net margin of 13.00%. As a group, sell-side analysts anticipate that Markel Group Inc. will post 89.1 EPS 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.