Markel Group Inc. $MKL is Rockbridge Capital Management LLC’s 4th Largest Position

Rockbridge Capital Management LLC decreased its position in shares of Markel Group Inc. (NYSE:MKL) by 5.8% during the third quarter, Holdings Channel reports. The fund owned 8,997 shares of the insurance provider’s stock after selling 557 shares during the period. Markel Group makes up about 10.2% of Rockbridge Capital Management LLC’s holdings, making the stock its 4th biggest holding. Rockbridge Capital Management LLC’s holdings in Markel Group were worth $17,197,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in MKL. BI Asset Management Fondsmaeglerselskab A S boosted its stake in Markel Group by 172.8% during the third quarter. BI Asset Management Fondsmaeglerselskab A S now owns 1,683 shares of the insurance provider’s stock worth $3,217,000 after acquiring an additional 1,066 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Markel Group by 1.8% during the third quarter. Principal Financial Group Inc. now owns 547,188 shares of the insurance provider’s stock valued at $1,045,947,000 after purchasing an additional 9,496 shares during the last quarter. Atlantic Union Bankshares Corp bought a new stake in shares of Markel Group in the 3rd quarter worth approximately $2,104,000. Rakuten Investment Management Inc. purchased a new stake in shares of Markel Group in the 3rd quarter worth approximately $46,738,000. Finally, Osaic Holdings Inc. increased its position in Markel Group by 121.2% during the 2nd quarter. Osaic Holdings Inc. now owns 2,853 shares of the insurance provider’s stock valued at $5,705,000 after buying an additional 1,563 shares in the last quarter. Hedge funds and other institutional investors own 77.12% of the company’s stock.

Markel Group Stock Performance

Shares of MKL stock opened at $2,068.81 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.24. The company has a 50 day moving average price of $2,093.33 and a 200-day moving average price of $2,021.08. Markel Group Inc. has a 52 week low of $1,621.89 and a 52 week high of $2,207.59. The firm has a market capitalization of $26.09 billion, a PE ratio of 12.19 and a beta of 0.79.

Insider Buying and Selling at Markel Group

In other Markel Group news, Director Steven A. Markel sold 1,330 shares of the firm’s stock in a transaction dated Thursday, December 11th. The stock was sold at an average price of $2,119.12, for a total value of $2,818,429.60. Following the transaction, the director directly owned 60,368 shares of the company’s stock, valued at approximately $127,927,036.16. This trade represents a 2.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Simon Wilson sold 100 shares of the firm’s stock in a transaction that occurred on Thursday, February 26th. The stock was sold at an average price of $2,079.48, for a total transaction of $207,948.00. Following the sale, the chief executive officer owned 2,397 shares in the company, valued at approximately $4,984,513.56. The trade was a 4.00% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.66% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on MKL. Truist Financial increased their target price on Markel Group from $2,000.00 to $2,100.00 and gave the stock a “hold” rating in a research note on Friday, February 6th. Weiss Ratings reissued a “buy (b+)” rating on shares of Markel Group in a research report on Monday, December 29th. Finally, Zacks Research lowered shares of Markel Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, January 19th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $2,100.00.

About Markel Group

Markel Group (NYSE: MKL) is a diversified insurance holding company best known for underwriting specialty insurance products. Founded in 1930 and headquartered in Richmond, Virginia, the company provides a wide range of commercial property and casualty coverages tailored to niche and hard-to-place risks. Its underwriting operations focus on specialty lines across multiple industries, delivering customized policy structures, program administration, and claims management services for complex exposures.

In addition to primary specialty insurance, Markel operates reinsurance and alternative risk-transfer activities and manages invested assets derived from underwriting float.