Zacks Research Raises Earnings Estimates for Markel Group

Markel Group Inc. (NYSE:MKL - Free Report) - Equities research analysts at Zacks Research increased their Q3 2024 EPS estimates for shares of Markel Group in a report released on Wednesday, October 16th. Zacks Research analyst R. Department now forecasts that the insurance provider will post earnings of $23.09 per share for the quarter, up from their previous estimate of $20.78. The consensus estimate for Markel Group's current full-year earnings is $89.94 per share. Zacks Research also issued estimates for Markel Group's Q4 2024 earnings at $22.26 EPS, Q1 2025 earnings at $23.18 EPS, Q4 2025 earnings at $26.64 EPS, Q2 2026 earnings at $27.31 EPS and Q3 2026 earnings at $24.45 EPS.

A number of other research firms have also recently weighed in on MKL. Jefferies Financial Group increased their price objective on shares of Markel Group from $1,590.00 to $1,600.00 and gave the stock a "hold" rating in a research report on Wednesday, October 9th. Citigroup lifted their price objective on Markel Group from $1,435.00 to $1,450.00 and gave the company a "sell" rating in a research note on Tuesday, July 23rd. StockNews.com lowered Markel Group from a "buy" rating to a "hold" rating in a research note on Monday, October 7th. Finally, TD Cowen assumed coverage on Markel Group in a research report on Tuesday, July 9th. They issued a "buy" rating and a $1,986.00 target price for the company. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $1,643.50.

Markel Group Trading Up 0.5 %

MKL stock traded up $8.53 during mid-day trading on Monday, hitting $1,599.18. 44,243 shares of the company were exchanged, compared to its average volume of 41,956. Markel Group has a 12-month low of $1,295.65 and a 12-month high of $1,670.24. The firm has a market capitalization of $20.79 billion, a P/E ratio of 8.59 and a beta of 0.73. The business has a fifty day simple moving average of $1,563.87 and a 200-day simple moving average of $1,562.12. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.29.

Markel Group (NYSE:MKL - Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $25.95 EPS for the quarter, beating the consensus estimate of $20.76 by $5.19. The business had revenue of $3.83 billion for the quarter, compared to analyst estimates of $3.86 billion. Markel Group had a return on equity of 11.12% and a net margin of 13.00%.

Insiders Place Their Bets

In related news, Director Lawrence A. Cunningham acquired 20 shares of the firm's stock in a transaction dated Monday, August 5th. The stock was acquired at an average price of $1,512.50 per share, for a total transaction of $30,250.00. Following the purchase, the director now owns 743 shares of the company's stock, valued at $1,123,787.50. This represents a 0.00 % increase in their position. The transaction 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 company insiders.

Institutional Investors Weigh In On Markel Group

Several institutional investors have recently modified their holdings of the company. CWM LLC lifted its holdings in Markel Group by 36.3% during the 1st quarter. CWM LLC now owns 214 shares of the insurance provider's stock worth $326,000 after buying an additional 57 shares during the last quarter. GAMMA Investing LLC boosted its holdings in Markel Group by 90.0% in the first quarter. GAMMA Investing LLC now owns 38 shares of the insurance provider's stock valued at $58,000 after purchasing an additional 18 shares in the last quarter. Park Avenue Securities LLC increased its stake in Markel Group by 18.8% in the first quarter. Park Avenue Securities LLC now owns 246 shares of the insurance provider's stock valued at $374,000 after purchasing an additional 39 shares during the last quarter. Gateway Investment Advisers LLC raised its holdings in Markel Group by 2.2% during the first quarter. Gateway Investment Advisers LLC now owns 3,746 shares of the insurance provider's stock worth $5,699,000 after purchasing an additional 80 shares in the last quarter. Finally, Chemistry Wealth Management LLC lifted its position in shares of Markel Group by 5.5% during the 1st quarter. Chemistry Wealth Management LLC now owns 2,460 shares of the insurance provider's stock worth $3,743,000 after buying an additional 128 shares during the last quarter. 77.12% of the stock is owned by hedge funds and other institutional investors.

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.