First National Bank of Omaha Lowers Holdings in Markel Group Inc. (NYSE:MKL)

First National Bank of Omaha lowered its stake in shares of Markel Group Inc. (NYSE:MKL) by 0.3% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 8,370 shares of the insurance provider’s stock after selling 28 shares during the period. Markel Group comprises about 0.8% of First National Bank of Omaha’s portfolio, making the stock its 24th largest holding. First National Bank of Omaha owned 0.07% of Markel Group worth $13,129,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of MKL. Brooklyn Investment Group acquired a new stake in Markel Group during the third quarter worth about $31,000. Toth Financial Advisory Corp boosted its position in Markel Group by 1,000.0% in the 3rd quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider’s stock worth $35,000 after purchasing an additional 20 shares in the last quarter. Larson Financial Group LLC acquired a new stake in shares of Markel Group during the 3rd quarter worth approximately $36,000. UMB Bank n.a. increased its holdings in shares of Markel Group by 833.3% during the 3rd quarter. UMB Bank n.a. now owns 28 shares of the insurance provider’s stock valued at $44,000 after purchasing an additional 25 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Markel Group during the 2nd quarter valued at approximately $45,000. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Stock Down 0.1 %

MKL stock opened at $1,756.77 on Friday. The firm has a 50-day simple moving average of $1,636.60 and a 200-day simple moving average of $1,595.13. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. The stock has a market capitalization of $22.60 billion, a P/E ratio of 8.10 and a beta of 0.77. Markel Group Inc. has a 52 week low of $1,342.66 and a 52 week high of $1,809.11.

Markel Group (NYSE:MKL) last issued its earnings results on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share (EPS) for the quarter, missing the consensus estimate of $21.97 by ($4.63). The company had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.74 billion. Markel Group had a net margin of 17.03% and a return on equity of 10.86%. Equities analysts forecast that Markel Group Inc. will post 86.73 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Royal Bank of Canada dropped their price target on shares of Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating on the stock in a research report on Friday, November 1st. Jefferies Financial Group increased their target price on shares of Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. StockNews.com lowered Markel Group from a “buy” rating to a “hold” rating in a research note on Wednesday, November 27th. Finally, TD Cowen downgraded Markel Group from a “buy” rating to a “hold” rating and lowered their price target for the stock from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $1,626.83.

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.