OLD National Bancorp IN Lowers Position in Markel Group Inc. (NYSE:MKL)

OLD National Bancorp IN reduced its position in shares of Markel Group Inc. (NYSE:MKL) by 3.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 241 shares of the insurance provider’s stock after selling 8 shares during the period. OLD National Bancorp IN’s holdings in Markel Group were worth $378,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Raymond James & Associates raised its stake in shares of Markel Group by 5.9% during the 3rd quarter. Raymond James & Associates now owns 30,015 shares of the insurance provider’s stock worth $47,081,000 after buying an additional 1,681 shares in the last quarter. Blue Trust Inc. grew its holdings in Markel Group by 78.9% during the third quarter. Blue Trust Inc. now owns 195 shares of the insurance provider’s stock worth $307,000 after acquiring an additional 86 shares during the period. Bleakley Financial Group LLC raised its position in Markel Group by 22.2% in the third quarter. Bleakley Financial Group LLC now owns 231 shares of the insurance provider’s stock worth $362,000 after acquiring an additional 42 shares in the last quarter. Hengehold Capital Management LLC acquired a new stake in Markel Group in the third quarter valued at $229,000. Finally, Culbertson A N & Co. Inc. boosted its position in shares of Markel Group by 263.5% during the 3rd quarter. Culbertson A N & Co. Inc. now owns 618 shares of the insurance provider’s stock worth $969,000 after purchasing an additional 448 shares in the last quarter. Institutional investors and hedge funds own 77.12% of the company’s stock.

Markel Group Price Performance

Shares of NYSE:MKL opened at $1,586.14 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.60 and a current ratio of 0.60. The business’s fifty day moving average price is $1,567.00 and its two-hundred day moving average price is $1,563.42. The stock has a market cap of $20.62 billion, a PE ratio of 8.57 and a beta of 0.73. Markel Group Inc. has a one year low of $1,295.65 and a one year high of $1,670.24.

Markel Group (NYSE:MKL) last posted its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $25.95 EPS for the quarter, beating analysts’ consensus estimates of $20.76 by $5.19. Markel Group had a return on equity of 11.12% and a net margin of 13.00%. The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.86 billion. On average, analysts forecast that Markel Group Inc. will post 89.94 EPS for the current fiscal year.

Insider Transactions at Markel Group

In other news, Director Lawrence A. Cunningham acquired 20 shares of Markel Group stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average price of $1,512.50 per share, with a total value of $30,250.00. Following the completion of the purchase, the director now owns 743 shares of the company’s stock, valued at approximately $1,123,787.50. This represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 1.71% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Jefferies Financial Group raised their price objective on shares of Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Citigroup boosted their price target on Markel Group from $1,435.00 to $1,450.00 and gave the stock a “sell” rating in a research note on Tuesday, July 23rd. StockNews.com cut Markel Group from a “buy” rating to a “hold” rating in a report on Monday, October 7th. Finally, TD Cowen began coverage on Markel Group in a report on Tuesday, July 9th. They set a “buy” rating and a $1,986.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat, Markel Group currently has an average rating of “Hold” and a consensus price target of $1,643.50.

Markel Group Company 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.