First National Bank of Omaha Purchases Shares of 3,340 Markel Group Inc. $MKL

First National Bank of Omaha purchased a new position in Markel Group Inc. (NYSE:MKLFree Report) in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,340 shares of the insurance provider’s stock, valued at approximately $6,523,000.

Several other institutional investors have also recently made changes to their positions in MKL. BlackRock Inc. bought a new position in shares of Markel Group during the 2nd quarter valued at approximately $1,362,880,000. Davis Selected Advisers raised its stake in Markel Group by 11.1% during the 4th quarter. Davis Selected Advisers now owns 415,160 shares of the insurance provider’s stock worth $892,496,000 after acquiring an additional 41,632 shares during the period. Select Equity Group L.P. raised its stake in Markel Group by 75.9% during the 2nd quarter. Select Equity Group L.P. now owns 336,369 shares of the insurance provider’s stock worth $671,850,000 after acquiring an additional 145,146 shares during the period. State Street Corp lifted its holdings in Markel Group by 2.1% during the third quarter. State Street Corp now owns 304,400 shares of the insurance provider’s stock valued at $581,818,000 after purchasing an additional 6,160 shares in the last quarter. Finally, Van Lanschot Kempen Investment Management N.V. lifted its holdings in Markel Group by 13.0% during the fourth quarter. Van Lanschot Kempen Investment Management N.V. now owns 204,861 shares of the insurance provider’s stock valued at $440,379,000 after purchasing an additional 23,631 shares in the last quarter. Institutional investors own 77.12% of the company’s stock.

Markel Group Stock Performance

NYSE:MKL opened at $1,816.86 on Wednesday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.63 and a quick ratio of 0.63. Markel Group Inc. has a 1 year low of $1,719.41 and a 1 year high of $2,207.59. The stock’s 50 day simple moving average is $1,910.16 and its two-hundred day simple moving average is $1,925.90. The company has a market cap of $22.51 billion, a price-to-earnings ratio of 9.99 and a beta of 0.66.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on MKL shares. Weiss Ratings raised shares of Markel Group from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. Truist Financial lowered their target price on shares of Markel Group from $2,100.00 to $1,950.00 and set a “hold” rating on the stock in a research note on Thursday, April 30th. Wall Street Zen raised shares of Markel Group from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. Finally, Wolfe Research initiated coverage on Markel Group in a research note on Wednesday, July 1st. They issued an “underperform” rating for the company. Five research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $2,025.00.

Read Our Latest Analysis on Markel Group

Insider Buying and Selling at Markel Group

In related news, Director Greta J. Harris sold 76 shares of the business’s stock in a transaction on 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 sale, the director owned 645 shares in the company, valued at approximately $1,191,514.95. The trade was a 10.54% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 1.08% of the company’s stock.

Markel Group Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Markel Group (NYSE:MKL)

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