Markel Group (NYSE:MKL) Announces Earnings Results, Misses Estimates 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 for the quarter, missing analysts' consensus estimates of $20.66 by ($0.15), Zacks reports. Markel Group had a return on equity of 7.55% and a net margin of 16.34%.

Markel Group Price Performance

Shares of NYSE MKL traded down $32.32 during midday trading on Friday, reaching $2,027.51. The company's stock had a trading volume of 101,636 shares, compared to its average volume of 74,189. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.26. The company has a market cap of $26.07 billion, a price-to-earnings ratio of 10.19 and a beta of 0.78. Markel Group has a one year low of $1,405.11 and a one year high of $2,063.68. The company has a 50 day moving average price of $1,766.15 and a 200 day moving average price of $1,652.84.

Insider Buying and Selling at Markel Group

In other Markel Group news, CEO Thomas Sinnickson Gayner bought 100 shares of the firm's stock in a transaction dated Friday, February 7th. The stock was acquired at an average price 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 directly owns 48,945 shares in the company, valued at approximately $98,282,049.45. This represents a 0.20 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.71% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

MKL has been the topic of several analyst reports. TD Cowen lowered shares of Markel Group from a "buy" rating to a "hold" rating and dropped their price target for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. Royal Bank of Canada increased their price target on Markel Group from $1,750.00 to $2,025.00 and gave the stock 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 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. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $1,685.17.

About Markel Group

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.