OLD National Bancorp IN Purchases New Holdings in Markel Group Inc. $MKL

OLD National Bancorp IN purchased a new stake in Markel Group Inc. (NYSE:MKL - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 155 shares of the insurance provider's stock, valued at approximately $310,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC acquired a new stake in Markel Group during the fourth quarter valued at approximately $236,000. Merit Financial Group LLC raised its stake in Markel Group by 28.3% during the first quarter. Merit Financial Group LLC now owns 163 shares of the insurance provider's stock valued at $305,000 after buying an additional 36 shares in the last quarter. Yousif Capital Management LLC raised its stake in Markel Group by 3.3% during the first quarter. Yousif Capital Management LLC now owns 283 shares of the insurance provider's stock valued at $529,000 after buying an additional 9 shares in the last quarter. GAMMA Investing LLC raised its stake in Markel Group by 12.7% during the first quarter. GAMMA Investing LLC now owns 62 shares of the insurance provider's stock valued at $116,000 after buying an additional 7 shares in the last quarter. Finally, Manitou Investment Management Ltd. acquired a new stake in Markel Group during the first quarter valued at approximately $729,000. Hedge funds and other institutional investors own 77.12% of the company's stock.

Analyst Ratings Changes

Several analysts have issued reports on MKL shares. Weiss Ratings restated a "buy (b)" rating on shares of Markel Group in a research note on Saturday, September 27th. Cowen restated a "hold" rating on shares of Markel Group in a research note on Tuesday. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $1,820.33.

Markel Group Stock Up 0.3%

Shares of Markel Group stock opened at $1,964.65 on Wednesday. The company has a current ratio of 0.59, a quick ratio of 0.59 and a debt-to-equity ratio of 0.25. The business's 50 day simple moving average is $1,940.98 and its 200-day simple moving average is $1,913.88. The stock has a market capitalization of $24.85 billion, a price-to-earnings ratio of 11.78 and a beta of 0.78. Markel Group Inc. has a twelve month low of $1,521.25 and a twelve month high of $2,075.92.

Markel Group (NYSE:MKL - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The insurance provider reported $25.46 earnings per share for the quarter, topping analysts' consensus estimates of $24.74 by $0.72. The business had revenue of $4.82 billion for the quarter, compared to analysts' expectations of $3.96 billion. Markel Group had a return on equity of 7.18% and a net margin of 13.39%.The business's quarterly revenue was up 24.3% on a year-over-year basis. During the same period in the prior year, the firm earned $18.62 EPS. Equities research analysts forecast that Markel Group Inc. will post 96.25 earnings per share for the current year.

About Markel Group

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.

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