First National Bank of Omaha Takes Position in Markel Group Inc. $MKL

Key Points

• First National Bank of Omaha purchased 3,340 Markel Group shares in the second quarter, worth approximately $6.5 million. Institutional investors collectively own 77.12% of MKL.
• Markel shares opened at $1,816.86, with the stock trading below its 50-day and 200-day moving averages. The company has a $22.51 billion market capitalization and a 52-week range of $1,719.41 to $2,207.59.
• Analyst sentiment remains cautious: five analysts rate MKL as a Hold and one as Sell, producing a consensus “Reduce” rating and an average price target of $2,025. A company director also sold 76 shares, while insiders own 1.08% of the stock.

First National Bank of Omaha purchased a new position in Markel Group Inc. (NYSE:MKL - Free Report) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 3,340 shares of the insurance provider's stock, valued at approximately $6,523,000.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC bought a new position in shares of Markel Group during the fourth quarter valued at approximately $236,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Markel Group by 13.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 109 shares of the insurance provider's stock worth $204,000 after purchasing an additional 13 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Markel Group by 9.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 34,704 shares of the insurance provider's stock worth $64,883,000 after purchasing an additional 3,083 shares in the last quarter. Empowered Funds LLC grew its stake in shares of Markel Group by 49.1% in the 1st quarter. Empowered Funds LLC now owns 416 shares of the insurance provider's stock worth $778,000 after buying an additional 137 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership purchased a new stake in shares of Markel Group in the 2nd quarter worth approximately $463,000. 77.12% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Markel Group news, Director Greta J. Harris sold 76 shares of the firm's stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $1,847.31, for a total value of $140,395.56. Following the transaction, the director directly owned 645 shares of the company's stock, valued at approximately $1,191,514.95. This trade represents 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. Corporate insiders own 1.08% of the company's stock.

Markel Group Stock Up 1.0%

Shares of Markel Group stock opened at $1,816.86 on Wednesday. The company has a market cap of $22.51 billion, a price-to-earnings ratio of 9.99 and a beta of 0.66. The company's 50 day moving average is $1,910.16 and its 200 day moving average is $1,925.90. Markel Group Inc. has a twelve month low of $1,719.41 and a twelve month high of $2,207.59. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.23.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on MKL. Weiss Ratings upgraded Markel Group from a "hold (c)" rating to a "hold (c+)" rating in a research note on Monday, August 3rd. Truist Financial cut their target price on 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. Wolfe Research initiated coverage on Markel Group in a report on Wednesday, July 1st. They set 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. Five investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Reduce" and a consensus target price of $2,025.00.

Markel Group 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.

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