Markel Group (NYSE:MKL) Issues Earnings Results

Key Points

• Markel Group reported quarterly EPS of $18.15, well below analysts’ consensus estimate of $27.63, while revenue of $3.88 billion exceeded expectations of $3.82 billion.
• Shares fell $16.61 to $1,842.01 following the results. Markel’s stock has traded between $1,704.17 and $2,207.59 over the past year, with a market capitalization of approximately $22.82 billion.
• Analyst sentiment remains mixed, with one Buy, three Hold and one Sell rating; the consensus rating is Hold, with an average price target of $2,025.

Markel Group (NYSE:MKL - Get Free Report) issued its earnings results on Wednesday. The insurance provider reported $18.15 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $27.63 by ($9.48), FiscalAI reports. The company had revenue of $3.88 billion during the quarter, compared to analysts' expectations of $3.82 billion. Markel Group had a net margin of 13.53% and a return on equity of 7.16%.

Markel Group Price Performance

Shares of NYSE MKL traded down $16.61 on Wednesday, hitting $1,842.01. The company's stock had a trading volume of 61,588 shares, compared to its average volume of 64,394. Markel Group has a 12-month low of $1,704.17 and a 12-month high of $2,207.59. The company has a market capitalization of $22.82 billion, a price-to-earnings ratio of 10.13 and a beta of 0.64. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.63 and a quick ratio of 0.63. The stock has a 50 day moving average of $1,794.90 and a 200-day moving average of $1,903.62.

Wall Street Analyst Weigh In

MKL has been the topic of a number of research reports. Weiss Ratings upgraded Markel Group from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, October 8th. Wolfe Research initiated coverage on Markel Group in a report on Wednesday, July 1st. They set an "underperform" rating for the company. Finally, Wall Street Zen upgraded Markel Group from a "sell" rating to a "hold" rating in a research report on Saturday, August 1st. One investment analyst has rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $2,025.00.

About Markel Group

Markel Group Inc NYSE: MKL is a diversified holding company focused on specialty insurance, reinsurance, investments and industrial businesses. Through its insurance operations, the company provides coverage for risks that may be complex, specialized or underserved by standard insurance markets.

Markel's insurance offerings include property and casualty coverage, professional liability, marine and energy insurance, workers' compensation, and other specialty products. Its reinsurance business assumes portions of risk from other insurers.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.