Markel Group (MKL) to Release Quarterly Earnings on Wednesday

Markel Group (NYSE:MKL) will be announcing its earnings results after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $21.97 per share for the quarter.

Markel Group (NYSE:MKL) last posted its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $25.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $20.76 by $5.19. The firm had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.86 billion. Markel Group had a net margin of 13.00% and a return on equity of 11.12%. On average, analysts expect Markel Group to post $90 EPS for the current fiscal year and $101 EPS for the next fiscal year.

Markel Group Stock Performance

NYSE MKL opened at $1,578.13 on Friday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.29. The company has a market capitalization of $20.52 billion, a P/E ratio of 8.52 and a beta of 0.73. Markel Group has a 12-month low of $1,295.65 and a 12-month high of $1,670.24. The firm has a 50-day moving average price of $1,568.25 and a two-hundred day moving average price of $1,563.54.

Wall Street Analyst Weigh In

A number of analysts have issued reports on MKL shares. StockNews.com downgraded shares of Markel Group from a “buy” rating to a “hold” rating in a report on Monday, October 7th. TD Cowen started coverage on shares of Markel Group in a report on Tuesday, July 9th. They set a “buy” rating and a $1,986.00 price target for the company. Jefferies Financial Group upped their price target on shares of Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Finally, Citigroup upped their price target on shares of Markel Group from $1,435.00 to $1,450.00 and gave the stock a “sell” rating in a report on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, Markel Group currently has a consensus rating of “Hold” and an average price target of $1,643.50.

Insider Buying and Selling

In related news, Director Lawrence A. Cunningham acquired 20 shares of the stock in a transaction that occurred on Monday, August 5th. The stock was acquired at an average cost of $1,512.50 per share, for a total transaction of $30,250.00. Following the transaction, the director now directly owns 743 shares in the company, valued at $1,123,787.50. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.71% of the stock is owned by corporate insiders.

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.