Markel Group (MKL) to Release Quarterly Earnings on Wednesday

Markel Group (NYSE:MKL) is set to post its quarterly earnings results after the market closes on Wednesday, October 30th. Analysts expect Markel Group to post earnings of $21.97 per share for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.

Markel Group (NYSE:MKL) last released its earnings results on Wednesday, July 31st. The insurance provider reported $25.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $20.76 by $5.19. The firm had revenue of $3.83 billion during the quarter, compared to analyst estimates 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 $92 EPS for the current fiscal year and $101 EPS for the next fiscal year.

Markel Group Stock Performance

Markel Group stock opened at $1,564.00 on Tuesday. The stock’s 50 day moving average is $1,568.39 and its 200 day moving average is $1,565.71. The company has a market capitalization of $20.34 billion, a P/E ratio of 8.45 and a beta of 0.73. Markel Group has a twelve month low of $1,295.65 and a twelve month high of $1,670.24. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.29.

Insider Transactions at Markel Group

In related news, Director Lawrence A. Cunningham acquired 20 shares of the stock in a transaction that occurred on Monday, August 5th. The shares were bought at an average price of $1,512.50 per share, for a total transaction of $30,250.00. Following the completion of the transaction, the director now directly owns 743 shares in the company, valued at approximately $1,123,787.50. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.71% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on MKL shares. StockNews.com downgraded Markel Group from a “buy” rating to a “hold” rating in a report on Monday, October 7th. Citigroup lifted their target price 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. Jefferies Financial Group increased their price target on shares of Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Finally, TD Cowen initiated coverage on shares of Markel Group in a report on Tuesday, July 9th. They issued a “buy” rating and a $1,986.00 price objective for the company. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, Markel Group has an average rating of “Hold” and a consensus target price 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.