Rockbridge Asset Management LLC Makes New Investment in Markel Group Inc. $MKL

Key Points

• Rockbridge Asset Management acquired 9,588 Markel Group shares valued at approximately $18.7 million, making MKL its largest portfolio holding at 12.1% and representing about 0.08% of Markel’s outstanding stock.
• Institutional investors and hedge funds own 77.12% of Markel. Analyst sentiment remains cautious, with an average “Hold” rating and an average price target of $2,025.
• Markel shares opened at $1,796.58, near the lower end of their 52-week range of $1,719.41 to $2,207.59. Director Greta J. Harris recently sold 76 shares, while insiders own 1.08% of the company.

Rockbridge Asset Management LLC acquired a new position in Markel Group Inc. (NYSE:MKL - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 9,588 shares of the insurance provider's stock, valued at approximately $18,725,000. Markel Group comprises about 12.1% of Rockbridge Asset Management LLC's investment portfolio, making the stock its biggest position. Rockbridge Asset Management LLC owned approximately 0.08% of Markel Group at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in MKL. Brighton Jones LLC bought a new position in shares of Markel Group during the 4th quarter worth about $236,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Markel Group by 13.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 109 shares of the insurance provider's stock worth $204,000 after buying an additional 13 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Markel Group by 9.7% in the first quarter. Goldman Sachs Group Inc. now owns 34,704 shares of the insurance provider's stock valued at $64,883,000 after purchasing an additional 3,083 shares during the last quarter. Empowered Funds LLC increased its stake in Markel Group by 49.1% in the 1st quarter. Empowered Funds LLC now owns 416 shares of the insurance provider's stock valued at $778,000 after buying an additional 137 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of Markel Group during the second quarter valued at approximately $463,000. Institutional investors and hedge funds own 77.12% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on MKL shares. Weiss Ratings upgraded Markel Group from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Monday. Wolfe Research initiated coverage on Markel Group in a research note on Wednesday, July 1st. They set an "underperform" rating for the company. Truist Financial cut their price target on shares of Markel Group from $2,100.00 to $1,950.00 and set a "hold" rating for the company in a research note on Thursday, April 30th. Finally, Wall Street Zen upgraded Markel Group from a "sell" rating to a "hold" rating in a research report on Saturday, August 1st. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Markel Group presently has an average rating of "Hold" and an average target price of $2,025.00.

Markel Group Stock Performance

Shares of MKL stock opened at $1,796.58 on Thursday. The firm has a market capitalization of $22.26 billion, a PE ratio of 9.88 and a beta of 0.66. 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 $1,719.41 and a 52 week high of $2,207.59. The company has a 50 day moving average price of $1,909.70 and a 200-day moving average price of $1,924.35.

Insider Buying and Selling at Markel Group

In other Markel Group news, Director Greta J. Harris sold 76 shares of the company's stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $1,847.31, for a total value of $140,395.56. Following the completion of the transaction, the director directly owned 645 shares in the company, valued at $1,191,514.95. This represents a 10.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 1.08% of the stock is currently owned by company insiders.

Markel Group Company Profile

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.

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