155 Shares in Markel Group Inc. $MKL Acquired by OLD National Bancorp IN

OLD National Bancorp IN acquired a new position in Markel Group Inc. (NYSE:MKL) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 155 shares of the insurance provider’s stock, valued at approximately $310,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Sierra Ocean LLC bought a new position in Markel Group during the 1st quarter valued at $28,000. Cary Street Partners Investment Advisory LLC boosted its stake in Markel Group by 183.3% during the 1st quarter. Cary Street Partners Investment Advisory LLC now owns 17 shares of the insurance provider’s stock valued at $32,000 after purchasing an additional 11 shares in the last quarter. Atlas Capital Advisors Inc. bought a new position in Markel Group during the 1st quarter valued at $32,000. Ameritas Advisory Services LLC bought a new position in Markel Group during the 2nd quarter valued at $38,000. Finally, Wayfinding Financial LLC bought a new position in Markel Group during the 1st quarter valued at $54,000. 77.12% of the stock is owned by institutional investors.

Markel Group Stock Performance

MKL opened at $1,964.65 on Wednesday. The firm has a market cap of $24.85 billion, a PE ratio of 11.78 and a beta of 0.78. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.25. The business has a fifty day simple moving average of $1,940.98 and a 200-day simple moving average of $1,913.88. Markel Group Inc. has a fifty-two week low of $1,521.25 and a fifty-two week high of $2,075.92.

Markel Group (NYSE:MKL) last released its quarterly earnings data on Wednesday, July 30th. The insurance provider reported $25.46 earnings per share for the quarter, topping the consensus estimate of $24.74 by $0.72. The business had revenue of $4.82 billion during the quarter, compared to analyst estimates of $3.96 billion. Markel Group had a return on equity of 7.18% and a net margin of 13.39%.The company’s revenue was up 24.3% compared to the same quarter last year. During the same period last year, the company posted $18.62 EPS. As a group, equities analysts predict that Markel Group Inc. will post 96.25 EPS for the current fiscal year.

Wall Street Analyst Weigh In

MKL has been the subject of a number of research reports. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Markel Group in a research note on Saturday, September 27th. Cowen reaffirmed a “hold” rating on shares of Markel Group in a research note on Tuesday. Two analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Markel Group currently has a consensus rating of “Hold” and an average target price of $1,820.33.

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.