Markel Corporation, a diverse financial holding company, markets and underwrites specialty insurance products in the United States, the United Kingdom, Canada, and internationally. It operates through three segments: U.S. Insurance, International Insurance, and Reinsurance. The U.S. Insurance segment offers general and professional liability, property, personal line, program, and workers' compensation insurance products, as well as other insurance product lines, such as ocean marine, surety, CPI, and coverages. The International Insurance segment provides professional and general liability, marine and energy, and property insurance products, as well as other insurance product lines, including crime, contingency, accident and health, specialty, short-term trade credit, and other coverages. The Reinsurance segment offers property and casualty treaty reinsurance products; and other treaty reinsurance products, including structured and whole turnover credit, political risk, mortgage, and contract and commercial surety, as well as public entity, aviation, whole account, accident and health coverage, offshore and onshore marine and energy risks, and agriculture. The company also operates as an insurance-linked securities investment fund manager and reinsurance manager; manufacturer of transportation and other industrial equipment; and a management and IT consulting firm providing services and solutions to various customers, as well as offers capital solutions to asset and wealth management firms. Markel Corporation was founded in 1930 and is headquartered in Glen Allen, Virginia.
Industry, Sector and Symbol
Stock Exchange NYSE
Industry Fire, marine, & casualty insurance
Sub-IndustryProperty & Casualty Insurance
SectorFinance
Current SymbolNYSE:MKL
Previous Symbol
CUSIP57053510
Phone804-747-0136
Debt
Debt-to-Equity Ratio0.31
Current Ratio0.59
Quick Ratio0.59
Price-To-Earnings
Trailing P/E Ratio291.64
Forward P/E Ratio35.80
P/E GrowthN/A
Sales & Book Value
Annual Sales$6.06 billion
Price / Sales2.42
Cash Flow$18.7951 per share
Price / Cash Flow56.17
Book Value$683.97 per share
Price / Book1.54
Profitability
EPS (Most Recent Fiscal Year)$3.62
Net Income$395.26 million
Net Margins14.03%
Return on Equity9.72%
Return on Assets2.78%
Miscellaneous
Employees15,600
Outstanding Shares13,890,000
Market Cap$14.55 billion
OptionableOptionable
Markel (NYSE:MKL) Frequently Asked Questions
What is Markel's stock symbol?
Markel trades on the New York Stock Exchange (NYSE) under the ticker symbol "MKL."
How were Markel's earnings last quarter?
Markel Co. (NYSE:MKL) posted its earnings results on Tuesday, October, 30th. The insurance provider reported $28.50 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $7.05 by $21.45. The insurance provider had revenue of $1.81 billion for the quarter, compared to analyst estimates of $1.77 billion. Markel had a net margin of 14.03% and a return on equity of 9.72%. View Markel's Earnings History.
When is Markel's next earnings date?
What price target have analysts set for MKL?
5 analysts have issued 1-year price objectives for Markel's stock. Their forecasts range from $1,200.00 to $1,300.00. On average, they expect Markel's share price to reach $1,233.3333 in the next twelve months. This suggests a possible upside of 16.8% from the stock's current price. View Analyst Price Targets for Markel.
What is the consensus analysts' recommendation for Markel?
5 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Markel in the last year. There are currently 3 hold ratings and 2 buy ratings for the stock, resulting in a consensus recommendation of "Hold." View Analyst Ratings for Markel.
What are Wall Street analysts saying about Markel stock?
Here are some recent quotes from research analysts about Markel stock:
- 1. According to Zacks Investment Research, "Markel strives to grow via acquisitions and organic initiatives as these not only diversify and strengthen its portfolio but also expand the company’s international footprint. Markel continues to deliver solid results, banking on the strength of its underwriting, investment and Markel Ventures operations. It stands to benefit from insurance, investments and Markel Ventures, which position it well for long-term growth. It is also judiciously raising rates across all its products. However, escalating expenses weighing on margin expansion also remain a concern for Markel. Shares of Markel have outperformed the industry year to date. The company has not witnessed any earnings momentum for its 2018 and 2019 estimates over the last 60 days." (10/8/2018)
- 2. Boenning Scattergood analysts commented, "We continue to believe the stock is an excellent core holding for a longer-term investor that can weather short-term volatility. We are raising our target price to $1,300 and maintain our Outperform rating." (8/1/2018)
Has Markel been receiving favorable news coverage?
Media stories about MKL stock have trended somewhat positive on Tuesday, InfoTrie Sentiment Analysis reports. The research firm identifies negative and positive media coverage by monitoring more than six thousand blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Markel earned a coverage optimism score of 1.0 on InfoTrie's scale. They also gave news coverage about the insurance provider a news buzz of 4.0 out of 10, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the next few days.
Who are some of Markel's key competitors?
Some companies that are related to Markel include Progressive (PGR), Tokio Marine (TKOMY), American International Group (AIG), Travelers Companies (TRV), Allstate (ALL), Ms&Ad Insurance Group (MSADY), Hartford Financial Services Group (HIG), Loews (L), Cincinnati Financial (CINF), Fairfax Financial Holdings Ltd Subordinate Voting Shares (FRFHF), Cna Financial (CNA), Arch Capital Group (ACGL), Everest Re Group (RE), Alleghany (Y) and W. R. Berkley (WRB).
Who are Markel's key executives?
Markel's management team includes the folowing people:
- Mr. Alan Irving Kirshner, Exec. Chairman (Age 82)
- Mr. Thomas S. Gayner, Co-CEO & Director (Age 57)
- Mr. Richard Reeves Whitt III, Co-CEO & Director (Age 54)
- Mr. Bradley James Kiscaden, Pres & Chief Admin. Officer (Age 55)
- Mr. Jeremy Andrew Noble CPA, Sr. VP & CFO (Age 42)
Who are Markel's major shareholders?
Markel's stock is owned by many different of retail and institutional investors. Top institutional investors include Vanguard Group Inc. (8.15%), BlackRock Inc. (6.11%), Baillie Gifford & Co. (4.01%), Akre Capital Management LLC (3.69%), Atlanta Capital Management Co. L L C (3.19%) and DAVENPORT & Co LLC (2.05%). Company insiders that own Markel stock include Alan I Kirshner, Anne G Waleski, Anthony F Markel, Bradley James Kiscaden, F Michael Crowley, Lemuel E Lewis, Michael Jay Schewel, Nora N Crouch, Richard R Whitt III and Steven A Markel. View Institutional Ownership Trends for Markel.
Which institutional investors are selling Markel stock?
MKL stock was sold by a variety of institutional investors in the last quarter, including Capital Research Global Investors, Atlanta Capital Management Co. L L C, Mitsubishi UFJ Trust & Banking Corp, Janus Henderson Group PLC, Morgan Stanley, Confluence Investment Management LLC, Russell Investments Group Ltd. and Sterling Capital Management LLC. Company insiders that have sold Markel company stock in the last year include Alan I Kirshner, Anthony F Markel, Nora N Crouch, Richard R Whitt III and Steven A Markel. View Insider Buying and Selling for Markel.
Which institutional investors are buying Markel stock?
MKL stock was acquired by a variety of institutional investors in the last quarter, including Capital International Investors, Renaissance Technologies LLC, Victory Capital Management Inc., BlackRock Inc., Vaughan Nelson Investment Management L.P., Baillie Gifford & Co., Legal & General Group Plc and Deutsche Bank AG. Company insiders that have bought Markel stock in the last two years include Lemuel E Lewis, Michael Jay Schewel and Nora N Crouch. View Insider Buying and Selling for Markel.
How do I buy shares of Markel?
Shares of MKL can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Scottrade, Fidelity and Charles Schwab.
What is Markel's stock price today?
One share of MKL stock can currently be purchased for approximately $1,055.72.
How big of a company is Markel?
Markel has a market capitalization of $14.55 billion and generates $6.06 billion in revenue each year. The insurance provider earns $395.26 million in net income (profit) each year or $3.62 on an earnings per share basis. Markel employs 15,600 workers across the globe.
What is Markel's official website?
How can I contact Markel?
Markel's mailing address is 4521 HIGHWOODS PARKWAY, GLEN ALLEN VA, 23060. The insurance provider can be reached via phone at 804-747-0136.
MarketBeat Community Rating for Markel (NYSE MKL)
MarketBeat's community ratings are surveys of what our community members think about Markel and other stocks. Vote "Outperform" if you believe MKL will outperform the S&P 500 over the long term. Vote "Underperform" if you believe MKL will underperform the S&P 500 over the long term. You may vote once every thirty days.
