Rockbridge Capital Management LLC Buys Shares of 14,386 Markel Group Inc. (NYSE:MKL)

Rockbridge Capital Management LLC acquired a new stake in Markel Group Inc. (NYSE:MKL - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 14,386 shares of the insurance provider's stock, valued at approximately $24,834,000. Markel Group makes up about 14.1% of Rockbridge Capital Management LLC's portfolio, making the stock its largest holding. Rockbridge Capital Management LLC owned approximately 0.11% of Markel Group at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of MKL. Quilter Plc boosted its position in shares of Markel Group by 7.2% during the 4th quarter. Quilter Plc now owns 33,139 shares of the insurance provider's stock worth $57,206,000 after acquiring an additional 2,234 shares in the last quarter. WCM Investment Management LLC acquired a new position in Markel Group in the fourth quarter valued at approximately $252,000. Korea Investment CORP increased its stake in Markel Group by 1.9% in the fourth quarter. Korea Investment CORP now owns 8,247 shares of the insurance provider's stock valued at $14,236,000 after purchasing an additional 155 shares during the last quarter. Hudson Value Partners LLC raised its holdings in Markel Group by 4.8% during the fourth quarter. Hudson Value Partners LLC now owns 3,339 shares of the insurance provider's stock worth $5,764,000 after purchasing an additional 153 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Markel Group by 4.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 57,922 shares of the insurance provider's stock worth $99,987,000 after buying an additional 2,204 shares during the last quarter. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Markel Group news, Director Steven A. Markel sold 1,146 shares of the stock in a transaction on Monday, February 24th. The stock was sold at an average price of $1,858.49, for a total value of $2,129,829.54. Following the completion of the transaction, the director now owns 63,722 shares in the company, valued at approximately $118,426,699.78. This represents a 1.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold a total of 2,034 shares of company stock valued at $3,778,952 over the last three months. 1.66% of the stock is currently owned by company insiders.

Markel Group Stock Performance

Shares of MKL traded down $20.30 during mid-day trading on Tuesday, hitting $1,898.19. 14,268 shares of the company's stock were exchanged, compared to its average volume of 62,572. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. Markel Group Inc. has a fifty-two week low of $1,491.03 and a fifty-two week high of $2,063.68. The business's 50 day moving average is $1,826.33 and its two-hundred day moving average is $1,795.86. The firm has a market capitalization of $24.08 billion, a P/E ratio of 9.54 and a beta of 0.84.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. StockNews.com lowered shares of Markel Group from a "buy" rating to a "hold" rating in a research note on Friday, February 14th. Royal Bank of Canada lifted their target price on Markel Group from $1,750.00 to $2,025.00 and gave the stock a "sector perform" rating in a research report on Friday, February 7th. One research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $1,727.75.

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.