Markel Group (MKL) Set to Announce Quarterly Earnings on Wednesday

Markel Group (NYSE:MKL - Get Free Report) will be announcing its earnings results after the market closes on Wednesday, May 1st. Analysts expect the company to announce earnings of $18.50 per share for the quarter. Investors interested in participating in the company's conference call can do so using this link.

Markel Group (NYSE:MKL - Get Free Report) last released its quarterly earnings results on Wednesday, January 31st. The insurance provider reported $56.48 EPS for the quarter, beating the consensus estimate of $23.58 by $32.90. The business had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.75 billion. Markel Group had a net margin of 12.63% and a return on equity of 11.22%. On average, analysts expect Markel Group to post $80 EPS for the current fiscal year and $99 EPS for the next fiscal year.

Markel Group Price Performance

Shares of MKL stock traded down $14.43 during trading hours on Friday, hitting $1,436.52. The company's stock had a trading volume of 31,008 shares, compared to its average volume of 48,284. The business has a fifty day moving average of $1,483.67 and a 200-day moving average of $1,444.82. The stock has a market cap of $18.73 billion, a price-to-earnings ratio of 9.77 and a beta of 0.70. Markel Group has a twelve month low of $1,272.43 and a twelve month high of $1,560.00. The company has a current ratio of 0.62, a quick ratio of 0.62 and a debt-to-equity ratio of 0.26.

Wall Street Analyst Weigh In

Several analysts have recently commented on MKL shares. Jefferies Financial Group lowered shares of Markel Group from a "buy" rating to a "hold" rating and lowered their price target for the company from $1,680.00 to $1,500.00 in a research report on Monday, February 5th. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $1,475.00 target price on shares of Markel Group in a research note on Friday, February 2nd. Finally, Janney Montgomery Scott reaffirmed a "neutral" rating and issued a $1,600.00 target price on shares of Markel Group in a research note on Friday, March 15th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $1,450.00.

Insiders Place Their Bets

In other news, Director A. Lynne Puckett bought 72 shares of the stock in a transaction on Friday, February 2nd. The stock was purchased at an average cost of $1,409.28 per share, with a total value of $101,468.16. Following the purchase, the director now owns 960 shares of the company's stock, valued at $1,352,908.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director A. Lynne Puckett purchased 72 shares of the firm's stock in a transaction on Friday, February 2nd. The shares were bought at an average price of $1,409.28 per share, for a total transaction of $101,468.16. Following the acquisition, the director now directly owns 960 shares in the company, valued at $1,352,908.80. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Thomas Sinnickson Gayner purchased 100 shares of the firm's stock in a transaction on Friday, February 2nd. The stock was bought at an average price of $1,414.74 per share, for a total transaction of $141,474.00. Following the acquisition, the chief executive officer now owns 45,039 shares in the company, valued at $63,718,474.86. The disclosure for this purchase can be found here. 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.