Fenimore Asset Management Inc Sells 689 Shares of Markel Group Inc. $MKL

Fenimore Asset Management Inc lowered its stake in shares of Markel Group Inc. (NYSE:MKL) by 0.8% in the third quarter, HoldingsChannel.com reports. The firm owned 86,571 shares of the insurance provider’s stock after selling 689 shares during the period. Markel Group accounts for approximately 3.2% of Fenimore Asset Management Inc’s portfolio, making the stock its 10th largest holding. Fenimore Asset Management Inc’s holdings in Markel Group were worth $148,249,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Adams Asset Advisors LLC grew its position in Markel Group by 200.0% in the 3rd quarter. Adams Asset Advisors LLC now owns 6,000 shares of the insurance provider’s stock valued at $10,275,000 after acquiring an additional 4,000 shares in the last quarter. Valeo Financial Advisors LLC lifted its position in shares of Markel Group by 6.6% during the third quarter. Valeo Financial Advisors LLC now owns 130 shares of the insurance provider’s stock worth $223,000 after purchasing an additional 8 shares in the last quarter. Canandaigua National Trust Co of Florida purchased a new position in shares of Markel Group in the third quarter valued at approximately $502,000. Ridgewood Investments LLC boosted its stake 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 purchasing an additional 17 shares during the period. Finally, Heartwood Wealth Advisors LLC grew its holdings in shares of Markel Group by 2.7% in the third quarter. Heartwood Wealth Advisors LLC now owns 226 shares of the insurance provider’s stock valued at $387,000 after purchasing an additional 6 shares in the last quarter. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Stock Up 2.2%

Markel Group stock traded up $37.48 during trading on Thursday, reaching $1,765.68. The stock had a trading volume of 68,989 shares, compared to its average volume of 64,687. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.23. Markel Group Inc. has a 52-week low of $1,704.17 and a 52-week high of $2,207.59. The stock has a market cap of $21.88 billion, a PE ratio of 9.71 and a beta of 0.64. The business has a 50 day moving average price of $1,800.46 and a 200 day moving average price of $1,861.89.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. Wall Street Zen raised shares of Markel Group from a “sell” rating to a “hold” rating in a research note on Saturday, August 1st. Wolfe Research began coverage on shares of Markel Group in a research note on Wednesday, July 1st. They issued an “underperform” rating for the company. Finally, Weiss Ratings lowered Markel Group from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Thursday, September 17th. Four equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus 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.