Markel Group (NYSE:MKL) Announces Quarterly Earnings Results

Markel Group (NYSE:MKL) released its quarterly earnings data on Wednesday. The insurance provider reported $20.51 EPS for the quarter, missing the consensus estimate of $20.66 by ($0.15), Zacks reports. Markel Group had a net margin of 17.03% and a return on equity of 10.86%.

Markel Group Stock Up 1.1 %

Shares of MKL opened at $1,858.34 on Thursday. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. The business has a fifty day moving average of $1,754.31 and a 200 day moving average of $1,644.61. The company has a market cap of $23.90 billion, a PE ratio of 8.57 and a beta of 0.78. Markel Group has a 52-week low of $1,405.11 and a 52-week high of $1,865.93.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on MKL shares. TD Cowen downgraded Markel Group from a “buy” rating to a “hold” rating and decreased their target price for the stock from $1,986.00 to $1,836.00 in a research report on Monday, December 2nd. Royal Bank of Canada decreased their price objective on Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating on the stock in a report on Friday, November 1st. Jefferies Financial Group raised their target price 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, StockNews.com downgraded shares of Markel Group from a “buy” rating to a “hold” rating in a research note on Monday, January 27th. One research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $1,626.83.

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.