Rockbridge Capital Management LLC Takes Position in Markel Group Inc. (NYSE:MKL)

Rockbridge Capital Management LLC bought a new position in Markel Group Inc. (NYSE:MKL) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 14,386 shares of the insurance provider’s stock, valued at approximately $24,834,000. Markel Group comprises about 14.1% of Rockbridge Capital Management LLC’s investment portfolio, making the stock its biggest holding. Rockbridge Capital Management LLC owned about 0.11% of Markel Group at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Markel Group in the 4th quarter worth about $254,795,000. Proficio Capital Partners LLC purchased a new stake in shares of Markel Group during the fourth quarter valued at $169,852,000. Davis Selected Advisers boosted its stake in shares of Markel Group by 27.9% during the fourth quarter. Davis Selected Advisers now owns 370,522 shares of the insurance provider’s stock valued at $639,606,000 after purchasing an additional 80,922 shares during the period. Raymond James Financial Inc. bought a new position in shares of Markel Group in the fourth quarter worth about $98,743,000. Finally, Boston Partners increased its stake in Markel Group by 17.6% in the 4th quarter. Boston Partners now owns 281,820 shares of the insurance provider’s stock worth $486,580,000 after buying an additional 42,178 shares during the period. 77.12% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. StockNews.com downgraded shares of Markel Group from a “buy” rating to a “hold” rating in a research note on Friday, February 14th. Royal Bank of Canada boosted their price target on Markel Group from $1,750.00 to $2,025.00 and gave the company a “sector perform” rating in a report on Friday, February 7th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat.com, Markel Group currently has an average rating of “Hold” and an average price target of $1,727.75.

Insider Buying and Selling at Markel Group

In other news, Director Steven A. Markel sold 88 shares of the company’s stock in a transaction that occurred on Wednesday, February 26th. The shares were sold at an average price of $1,860.03, for a total value of $163,682.64. Following the completion of the sale, the director now owns 63,436 shares of the company’s stock, valued at approximately $117,992,863.08. This represents a 0.14% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In the last quarter, insiders have sold 2,034 shares of company stock valued at $3,778,952. Company insiders own 1.66% of the company’s stock.

Markel Group Stock Performance

MKL stock opened at $1,867.84 on Thursday. Markel Group Inc. has a 1-year low of $1,491.03 and a 1-year high of $2,063.68. The business has a 50-day moving average price of $1,821.27 and a 200 day moving average price of $1,785.15. The company has a market capitalization of $23.69 billion, a P/E ratio of 9.38 and a beta of 0.84. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60.

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.