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

Markel Group (NYSE:MKL - Get Free Report) is scheduled to issue its quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $21.97 per share for the quarter.

Markel Group (NYSE:MKL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $25.95 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $20.76 by $5.19. Markel Group had a return on equity of 11.12% and a net margin of 13.00%. The firm had revenue of $3.83 billion for the quarter, compared to analysts' expectations of $3.86 billion. On average, analysts expect Markel Group to post $92 EPS for the current fiscal year and $101 EPS for the next fiscal year.

Markel Group Stock Down 1.8 %

Shares of Markel Group stock traded down $28.33 during trading on Friday, reaching $1,549.80. 28,408 shares of the company traded hands, compared to its average volume of 41,842. The firm has a market capitalization of $20.05 billion, a PE ratio of 10.14 and a beta of 0.73. Markel Group has a 1-year low of $1,295.65 and a 1-year high of $1,670.24. The company has a 50 day moving average price of $1,568.25 and a 200-day moving average price of $1,563.54. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.60 and a quick ratio of 0.60.

Insider Activity

In other Markel Group news, Director Lawrence A. Cunningham bought 20 shares of the business's stock in a transaction dated Monday, August 5th. The shares were purchased at an average price of $1,512.50 per share, for a total transaction of $30,250.00. Following the purchase, the director now directly owns 743 shares of the company's stock, valued at approximately $1,123,787.50. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.71% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

MKL has been the topic of a number of research analyst reports. StockNews.com cut shares of Markel Group from a "buy" rating to a "hold" rating in a research report on Monday, October 7th. Citigroup increased their price target on Markel Group from $1,435.00 to $1,450.00 and gave the stock a "sell" rating in a report on Tuesday, July 23rd. TD Cowen initiated coverage on Markel Group in a report on Tuesday, July 9th. They set a "buy" rating and a $1,986.00 price objective for the company. Finally, Jefferies Financial Group lifted their price target on shares of Markel Group from $1,590.00 to $1,600.00 and gave the company a "hold" rating in a research report on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $1,643.50.

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.