Markel Group (NYSE:MKL) Posts Earnings Results, Misses Expectations By $0.15 EPS

Markel Group (NYSE:MKL) issued its earnings results on Wednesday. The insurance provider reported $20.51 earnings per share for the quarter, missing the consensus estimate of $20.66 by ($0.15), Zacks reports. Markel Group had a return on equity of 10.86% and a net margin of 17.03%.

Markel Group Stock Up 1.1 %

Shares of MKL stock traded up $20.12 on Wednesday, hitting $1,858.34. The stock had a trading volume of 89,240 shares, compared to its average volume of 67,458. The stock’s 50 day moving average is $1,754.31 and its 200-day moving average is $1,644.61. The firm has a market capitalization of $23.90 billion, a price-to-earnings ratio of 8.57 and a beta of 0.78. Markel Group has a 52-week low of $1,405.11 and a 52-week high of $1,865.93. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.60 and a current ratio of 0.60.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on MKL. Jefferies Financial Group boosted their target price on Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a report on Wednesday, October 9th. Royal Bank of Canada decreased their price objective on shares of Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating for the company in a research note on Friday, November 1st. StockNews.com lowered shares of Markel Group from a “buy” rating to a “hold” rating in a research report on Monday, January 27th. Finally, TD Cowen cut shares of Markel Group from a “buy” rating to a “hold” rating and decreased 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 given a hold rating to the stock. Based on data from MarketBeat, Markel Group currently has an average rating of “Hold” and an average target price of $1,626.83.

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.