9,588 Shares in Markel Group Inc. $MKL Purchased by Rockbridge Asset Management LLC

Rockbridge Asset Management LLC bought a new position in shares of Markel Group Inc. (NYSE:MKL) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 9,588 shares of the insurance provider’s stock, valued at approximately $18,725,000. Markel Group accounts for 12.1% of Rockbridge Asset Management LLC’s holdings, making the stock its largest position.

A number of other institutional investors have also modified their holdings of MKL. Keybank National Association OH boosted its stake in Markel Group by 0.7% in the 4th quarter. Keybank National Association OH now owns 765 shares of the insurance provider’s stock worth $1,644,000 after purchasing an additional 5 shares in the last quarter. Wellington Shields & Co. LLC boosted its stake in shares of Markel Group by 3.2% in the fourth quarter. Wellington Shields & Co. LLC now owns 160 shares of the insurance provider’s stock worth $344,000 after buying an additional 5 shares during the last quarter. Root Financial Partners LLC grew its stake in shares of Markel Group by 13.9% during the 4th quarter. Root Financial Partners LLC now owns 41 shares of the insurance provider’s stock worth $88,000 after purchasing an additional 5 shares during the period. Moneta Group Investment Advisors LLC grew its position in Markel Group by 4.4% during the fourth quarter. Moneta Group Investment Advisors LLC now owns 118 shares of the insurance provider’s stock valued at $254,000 after buying an additional 5 shares during the period. Finally, Lido Advisors LLC grew its position in shares of Markel Group by 1.1% during the 4th quarter. Lido Advisors LLC now owns 460 shares of the insurance provider’s stock valued at $912,000 after acquiring an additional 5 shares during the period. 77.12% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on MKL. Weiss Ratings upgraded shares of Markel Group from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday. Truist Financial dropped their target price on Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating for the company in a report on Thursday, April 30th. Wolfe Research assumed coverage on shares of Markel Group in a research note on Wednesday, July 1st. They issued an “underperform” rating for the company. Finally, Wall Street Zen raised Markel Group from a “sell” rating to a “hold” rating in a research report on Saturday, August 1st. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $2,025.00.

Insider Buying and Selling

In other news, Director Greta J. Harris sold 76 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $1,847.31, for a total value of $140,395.56. Following the completion of the sale, the director directly owned 645 shares of the company’s stock, valued at approximately $1,191,514.95. This represents a 10.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.08% of the stock is currently owned by company insiders.

Markel Group Trading Down 1.0%

MKL opened at $1,796.58 on Thursday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.63 and a current ratio of 0.63. Markel Group Inc. has a one year low of $1,719.41 and a one year high of $2,207.59. The business’s 50-day simple moving average is $1,909.70 and its 200-day simple moving average is $1,924.35. The company has a market cap of $22.26 billion, a P/E ratio of 9.88 and a beta of 0.66.

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.