Markel Group Inc. $MKL Shares Sold by Rockbridge Capital Management LLC

Rockbridge Capital Management LLC lowered its holdings in shares of Markel Group Inc. (NYSE:MKL) by 0.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,554 shares of the insurance provider’s stock after selling 38 shares during the period. Markel Group accounts for 10.9% of Rockbridge Capital Management LLC’s investment portfolio, making the stock its 2nd largest holding. Rockbridge Capital Management LLC owned 0.08% of Markel Group worth $19,083,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Select Equity Group L.P. acquired a new stake in shares of Markel Group in the 1st quarter worth $357,512,000. Epoch Investment Partners Inc. lifted its stake in shares of Markel Group by 49.5% in the 1st quarter. Epoch Investment Partners Inc. now owns 108,019 shares of the insurance provider’s stock worth $201,953,000 after acquiring an additional 35,786 shares during the period. Nuveen LLC acquired a new stake in shares of Markel Group in the 1st quarter worth $45,796,000. Van Lanschot Kempen Investment Management N.V. lifted its stake in shares of Markel Group by 20.1% in the 1st quarter. Van Lanschot Kempen Investment Management N.V. now owns 146,076 shares of the insurance provider’s stock worth $273,105,000 after acquiring an additional 24,487 shares during the period. Finally, TD Asset Management Inc lifted its stake in shares of Markel Group by 34.0% in the 1st quarter. TD Asset Management Inc now owns 68,636 shares of the insurance provider’s stock worth $128,323,000 after acquiring an additional 17,413 shares during the period. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Stock Performance

Shares of MKL opened at $1,916.70 on Thursday. The company has a 50-day simple moving average of $1,937.77 and a 200-day simple moving average of $1,916.53. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.25. The company has a market capitalization of $24.25 billion, a PE ratio of 11.50 and a beta of 0.78. Markel Group Inc. has a 52-week low of $1,521.25 and a 52-week high of $2,075.92.

Markel Group (NYSE:MKL) last announced its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $25.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $24.74 by $0.72. The business had revenue of $4.82 billion during the quarter, compared to the consensus estimate of $3.96 billion. Markel Group had a net margin of 13.39% and a return on equity of 7.18%. The business’s revenue was up 24.3% compared to the same quarter last year. During the same quarter last year, the firm posted $18.62 EPS. Equities research analysts predict that Markel Group Inc. will post 96.25 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on MKL. Weiss Ratings restated a “buy (b)” rating on shares of Markel Group in a research note on Wednesday, October 8th. Cowen restated a “hold” rating on shares of Markel Group in a research note on Tuesday, October 7th. Two analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $1,930.50.

Markel Group 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.