First National Bank of Omaha Sells 1,581 Shares of Markel Group Inc. $MKL

First National Bank of Omaha trimmed its position in shares of Markel Group Inc. (NYSE:MKL) by 20.1% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,303 shares of the insurance provider’s stock after selling 1,581 shares during the quarter. First National Bank of Omaha’s holdings in Markel Group were worth $13,549,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of MKL. Diversify Advisory Services LLC boosted its holdings in Markel Group by 4.5% in the 4th quarter. Diversify Advisory Services LLC now owns 116 shares of the insurance provider’s stock worth $239,000 after buying an additional 5 shares during the period. Keybank National Association OH boosted its holdings 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 buying an additional 5 shares during the period. Wellington Shields & Co. LLC boosted its holdings in Markel Group by 3.2% in the 4th 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 period. Root Financial Partners LLC boosted its holdings in Markel Group by 13.9% in the 4th quarter. Root Financial Partners LLC now owns 41 shares of the insurance provider’s stock worth $88,000 after buying an additional 5 shares during the period. Finally, Lido Advisors LLC boosted its holdings in Markel Group by 1.1% in the 4th quarter. Lido Advisors LLC now owns 460 shares of the insurance provider’s stock worth $912,000 after buying an additional 5 shares during the period. 77.12% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Diane Leopold acquired 100 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was acquired at an average price of $1,792.61 per share, with a total value of $179,261.00. Following the acquisition, the director directly owned 2,190 shares of the company’s stock, valued at approximately $3,925,815.90. This trade represents a 4.78% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Greta J. Harris sold 76 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $1,847.31, for a total transaction of $140,395.56. Following the transaction, the director directly owned 645 shares of the company’s stock, valued at $1,191,514.95. This trade represents a 10.54% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 1.08% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on MKL shares. Wall Street Zen downgraded shares of Markel Group from a “buy” rating to a “sell” rating in a report on Saturday, May 2nd. Brean Capital started coverage on shares of Markel Group in a report on Tuesday, March 24th. They issued a “neutral” rating and a $2,100.00 target price for the company. Weiss Ratings downgraded shares of Markel Group from a “hold (c+)” rating to a “hold (c)” rating in a report on Thursday. Finally, Truist Financial dropped their target price on shares of 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. Five investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, Markel Group currently has an average rating of “Hold” and an average price target of $2,025.00.

Markel Group Stock Up 908.1%

MKL opened at $1,844.91 on Friday. The firm has a 50-day simple moving average of $1,866.13 and a two-hundred day simple moving average of $1,989.99. Markel Group Inc. has a 52 week low of $182.19 and a 52 week high of $2,207.59. The company has a market capitalization of $23.08 billion, a PE ratio of 13.29 and a beta of 0.67. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 0.24.

Markel Group (NYSE:MKL) last released its quarterly earnings data on Tuesday, April 28th. The insurance provider reported ($18.90) EPS for the quarter, missing the consensus estimate of $26.38 by ($45.28). Markel Group had a net margin of 10.85% and a return on equity of 7.90%. The company had revenue of $3.55 billion for the quarter, compared to the consensus estimate of $3.66 billion. Analysts forecast that Markel Group Inc. will post 113.55 earnings per share for the current fiscal year.

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.