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

Markel Group (NYSE:MKL) is set to post its quarterly earnings results after the market closes on Wednesday, July 31st. Analysts expect Markel Group to post earnings of $21.35 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Markel Group (NYSE:MKL) last released its earnings results on Wednesday, May 1st. The insurance provider reported $18.17 earnings per share for the quarter, missing analysts’ consensus estimates of $18.50 by ($0.33). Markel Group had a net margin of 15.23% and a return on equity of 11.18%. The firm had revenue of $3.56 billion for the quarter, compared to analysts’ expectations of $3.62 billion. On average, analysts expect Markel Group to post $83 EPS for the current fiscal year and $100 EPS for the next fiscal year.

Markel Group Price Performance

Shares of MKL traded up $18.96 during trading hours on Tuesday, reaching $1,644.03. 11,226 shares of the stock traded hands, compared to its average volume of 44,839. The company has a current ratio of 0.61, a quick ratio of 0.61 and a debt-to-equity ratio of 0.25. Markel Group has a 52-week low of $1,295.65 and a 52-week high of $1,670.24. The company’s 50-day moving average price is $1,585.81 and its two-hundred day moving average price is $1,525.55. The company has a market cap of $21.37 billion, a P/E ratio of 8.78 and a beta of 0.73.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Truist Financial lifted their target price on shares of Markel Group from $1,400.00 to $1,600.00 and gave the company a “hold” rating in a research note on Friday, May 3rd. Royal Bank of Canada boosted their price target on shares of Markel Group from $1,475.00 to $1,625.00 and gave the stock a “sector perform” rating in a research note on Friday, May 3rd. TD Cowen began coverage on shares of Markel Group in a research note on Tuesday, July 9th. They issued a “buy” rating and a $1,986.00 price target on the stock. Finally, Citigroup boosted their price target on shares of Markel Group from $1,435.00 to $1,450.00 and gave the stock a “sell” rating in a research note on Tuesday, July 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $1,626.83.

Insider Activity

In other news, Director Steven A. Markel sold 3,000 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $1,638.39, for a total transaction of $4,915,170.00. Following the sale, the director now directly owns 66,668 shares in the company, valued at approximately $109,228,184.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Greta J. Harris sold 122 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $1,620.83, for a total transaction of $197,741.26. Following the transaction, the director now directly owns 634 shares in the company, valued at approximately $1,027,606.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Steven A. Markel sold 3,000 shares of the company’s stock in a transaction dated Tuesday, May 21st. The shares were sold at an average price of $1,638.39, for a total transaction of $4,915,170.00. Following the transaction, the director now owns 66,668 shares in the company, valued at $109,228,184.52. The disclosure for this sale can be found here. Corporate insiders own 1.71% of the company’s stock.

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.