Markel Group (NYSE:MKL) Posts Quarterly Earnings Results, Misses Expectations By $0.15 EPS

Markel Group (NYSE:MKL - Get Free Report) released its quarterly earnings data on Wednesday. The insurance provider reported $20.51 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $20.66 by ($0.15), Zacks reports. Markel Group had a net margin of 16.34% and a return on equity of 7.55%.

Markel Group Stock Performance

MKL stock traded down $32.32 during midday trading on Friday, hitting $2,027.51. 101,636 shares of the company traded hands, compared to its average volume of 74,189. 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 50 day simple moving average of $1,766.15 and a 200-day simple moving average of $1,652.20. The stock has a market capitalization of $26.07 billion, a price-to-earnings ratio of 10.19 and a beta of 0.78. Markel Group has a twelve month low of $1,405.11 and a twelve month high of $2,063.68.

Insider Activity at Markel Group

In other Markel Group news, CEO Thomas Sinnickson Gayner acquired 100 shares of Markel Group stock in a transaction dated Friday, February 7th. The stock was bought at an average cost of $2,008.01 per share, with a total value of $200,801.00. Following the completion of the transaction, the chief executive officer now owns 48,945 shares of the company's stock, valued at $98,282,049.45. The trade was a 0.20 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.71% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. TD Cowen lowered Markel Group from a "buy" rating to a "hold" rating and reduced their price target for the company from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. Royal Bank of Canada lifted their target price on shares of Markel Group from $1,750.00 to $2,025.00 and gave the company a "sector perform" rating in a research note on Friday. Finally, StockNews.com upgraded shares of Markel Group from a "hold" rating to a "buy" rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $1,685.17.

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.