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NYSE:MKL

Markel Group (MKL) Stock Price, News & Analysis

$1,613.45
+42.84 (+2.73%)
(As of 07/26/2024 ET)
Today's Range
$1,570.61
$1,618.16
50-Day Range
$1,534.36
$1,648.60
52-Week Range
$1,295.65
$1,670.24
Volume
59,697 shs
Average Volume
45,018 shs
Market Capitalization
$20.97 billion
P/E Ratio
8.71
Dividend Yield
N/A
Price Target
$1,626.83

Markel Group MarketRank™ Stock Analysis

Analyst Rating
Hold
2.00 Rating Score
Upside/​Downside
0.8% Upside
$1,626.83 Price Target
Short Interest
Healthy
0.97% of Float Sold Short
Dividend Strength
N/A
Sustainability
-0.65
Upright™ Environmental Score
News Sentiment
0.13mentions of Markel Group in the last 14 days
Based on 19 Articles This Week
Insider Trading
Selling Shares
$5.11 M Sold Last Quarter
Proj. Earnings Growth
20.64%
From $82.93 to $100.05 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

3.47 out of 5 stars

Multi-Sector Conglomerates Sector

9th out of 20 stocks

Fire, Marine, & Casualty Insurance Industry

29th out of 54 stocks

MKL stock logo

About Markel Group Stock (NYSE:MKL)

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. It also offers credit and surety products, and collateral protection insurance products. In addition, the company offers transaction, directors and officers, and healthcare liability reinsurance; and specialty treaty reinsurance products comprising credit and surety, workers' compensation, marine and energy, public entity, mortgage default, aviation and space, agriculture, and discrete political violence and national terror pools. Further, it provides construction services, consumer and building products, transportation-related products, consulting services, and equipment manufacturing products, as well as healthcare, leasing, and investment services. Additionally, the company operates as an insurance and investment fund manager offering a range of investment products, including insurance-linked securities, catastrophe bonds, insurance swaps, traditional reinsurance contracts, industry loss warranties and other financial instruments; and program services. It also manages funds with third parties. The company was formerly known as Markel Corporation and changed its name to Markel Group Inc. in May 2023. Markel Group Inc. was founded in 1930 and is based in Glen Allen, Virginia.

MKL Stock Price History

MKL Stock News Headlines

Markel Group (NYSE:MKL) Price Target Raised to $1,450.00
Dave Ramsey Makes Big Mistake Live On Air
Dave Ramsey Is Dangerously Wrong And Here’s Why>> Asked whether we’re on the cusp of a US Dollar crash, Dave Ramsey made a stunning miscalculation while live on air: “Am I worried about this? Absolutely not.” Frankly, I've never seen someone so confident in being wrong… Because what’s happening to the US Dollar is not something you should “keep an eye on”… But instead, is an imminent threat you should get ahead of right NOW.
Analyst Expectations For Markel Group's Future
Brokerages Set Markel Group Inc. (NYSE:MKL) PT at $1,597.67
Dave Ramsey Makes Big Mistake Live On Air
Dave Ramsey Is Dangerously Wrong And Here’s Why>> Asked whether we’re on the cusp of a US Dollar crash, Dave Ramsey made a stunning miscalculation while live on air: “Am I worried about this? Absolutely not.” Frankly, I've never seen someone so confident in being wrong… Because what’s happening to the US Dollar is not something you should “keep an eye on”… But instead, is an imminent threat you should get ahead of right NOW.
Rob Cole named Markel's Chief Actuarial Officer
3 Financial Services Stocks to Buy Now: June 2024
See More Headlines
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Company Calendar

Last Earnings
5/01/2024
Today
7/26/2024
Next Earnings (Confirmed)
7/31/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Fire, marine, & casualty insurance
Sub-Industry
Property & Casualty Insurance
CUSIP
57053510
Employees
21,600
Year Founded
1930

Price Target and Rating

Average Stock Price Target
$1,626.83
High Stock Price Target
$1,986.00
Low Stock Price Target
$1,450.00
Potential Upside/Downside
+1.0%
Consensus Rating
Hold
Rating Score (0-4)
2.00
Research Coverage
6 Analysts

Profitability

Net Income
$2.00 billion
Pretax Margin
19.99%

Debt

Sales & Book Value

Annual Sales
$15.80 billion
Cash Flow
$175.73 per share
Book Value
$1,094.24 per share

Miscellaneous

Free Float
12,781,000
Market Cap
$20.95 billion
Optionable
Optionable
Beta
0.73

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Key Executives

  • Mr. Thomas Sinnickson GaynerMr. Thomas Sinnickson Gayner (Age 63)
    Chief Investment Officer, CEO & Director
    Comp: $2.68M
  • Mr. Brian Jeffrey Costanzo (Age 45)
    CFO & Chief Financial Officer of Markel Insurance Operations
    Comp: $739.97k
  • Mr. Michael R. Heaton (Age 47)
    Executive VP & COO
    Comp: $1.69M
  • Mr. Richard Randolph Grinnan (Age 55)
    Senior VP, Chief Legal Officer & Secretary
    Comp: $1.09M
  • Mr. Jeremy Andrew Noble CPA (Age 48)
    President of Markel Insurance Operations & President of Global Insurance Engine
    Comp: $1.69M
  • Ms. Meade P. Grandis
    Chief Accounting Officer & Controller
  • Ms. Jennifer Blackwell
    Deputy Chief Communications Officer
  • Mr. Paul Broughton
    Managing Director of Marketing
  • Mr. Frederick W. May Jr.
    Vice President of Sales & Business Development
  • Mr. Jeff Lamb
    Executive Director of Programs and Alliances - Markel Specialty

Should I Buy Markel Group Stock? MKL Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Markel Group Inc.:

  • Markel Group Inc. stock price has been steadily increasing, reaching $1,601.43 on the latest trading day, indicating positive momentum.
  • Markel Group Inc. reported a return on equity of 11.18% for the quarter, showcasing strong profitability and efficient use of shareholder funds.
  • Analysts expect Markel Group Inc. to post earnings per share of $82.83 for the current year, demonstrating consistent growth potential.
  • Recent insider transactions show confidence in the company, with directors selling shares at higher prices, signaling positive sentiment.
  • Various research firms have maintained a "hold" rating on Markel Group Inc., indicating stability and confidence in the company's performance.

Cons

Investors should be bearish about investing in Markel Group Inc. for these reasons:

  • Markel Group Inc. recently reported earnings per share below analysts' consensus estimates, potentially indicating challenges in meeting expectations.
  • The company's revenue for the quarter was slightly below analysts' expectations, suggesting a possible slowdown in growth compared to forecasts.
  • While the stock price has been increasing, there may be volatility in the market that could impact short-term returns for investors.
  • Corporate insiders selling shares could be seen as a signal of uncertainty or lack of long-term growth prospects.
  • Despite maintaining a "hold" rating, some analysts have issued a sell rating on Markel Group Inc., highlighting potential risks or concerns in the company's performance.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Friday, July 5, 2024. Please send any questions or comments about these Markel Group pros and cons to contact@marketbeat.com.

MKL Stock Analysis - Frequently Asked Questions

How have MKL shares performed this year?

Markel Group's stock was trading at $1,419.90 on January 1st, 2024. Since then, MKL stock has increased by 13.6% and is now trading at $1,613.45.
View the best growth stocks for 2024 here
.

How were Markel Group's earnings last quarter?

Markel Group Inc. (NYSE:MKL) issued its earnings results on Wednesday, May, 1st. The insurance provider reported $18.17 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $18.50 by $0.33. The insurance provider had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.62 billion. Markel Group had a net margin of 15.23% and a trailing twelve-month return on equity of 11.18%.

What is Alan I. Kirshner's approval rating as Markel Group's CEO?

99 employees have rated Markel Group Chief Executive Officer Alan I. Kirshner on Glassdoor.com. Alan I. Kirshner has an approval rating of 89% among the company's employees.

Does Markel Group have any subsidiaries?

Markel Group subsidiaries include these companies: Metromont, Lansing Building Products LLC, VSC Fire & Security Inc., Nephila Capital, State National Companies, Costa Farms, Allsport Insurance Marketing Ltd, and others.

Who are Markel Group's major shareholders?

Markel Group's top institutional shareholders include Baillie Gifford & Co. (2.07%), Scharf Investments LLC (0.82%), Van Lanschot Kempen Investment Management N.V. (0.66%) and Bank of New York Mellon Corp (0.38%). Insiders that own company stock include Steven A Markel, Thomas Sinnickson Gayner, Anthony F Markel, A Lynne Puckett, Greta J Harris, Lawrence A Cunningham, Morgan E Housel and Richard R Whitt III.
View institutional ownership trends
.

How do I buy shares of Markel Group?

Shares of MKL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Markel Group own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Markel Group investors own include NVIDIA (NVDA), Mastercard (MA), Netflix (NFLX), PayPal (PYPL), Berkshire Hathaway (BRK.B), Walt Disney (DIS) and Shopify (SHOP).

This page (NYSE:MKL) was last updated on 7/26/2024 by MarketBeat.com Staff

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