Markel Group (NYSE:MKL) Issues Earnings Results

Markel Group (NYSE:MKL) announced its quarterly earnings results on Wednesday. The insurance provider reported $20.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $20.66 by ($0.15), Zacks reports. Markel Group had a net margin of 17.03% and a return on equity of 10.86%.

Markel Group Stock Up 1.1 %

Shares of Markel Group stock traded up $20.12 on Wednesday, hitting $1,858.34. 89,240 shares of the company traded hands, compared to its average volume of 67,458. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26. Markel Group has a 12-month low of $1,405.11 and a 12-month high of $1,865.93. The company has a 50-day moving average price of $1,754.31 and a 200 day moving average price of $1,644.61. The company has a market cap of $23.90 billion, a PE ratio of 8.57 and a beta of 0.78.

Wall Street Analysts Forecast Growth

Several research analysts have commented on MKL shares. Royal Bank of Canada decreased their target price on shares of Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating for the company in a research report on Friday, November 1st. StockNews.com cut shares of Markel Group from a “buy” rating to a “hold” rating in a research note on Monday, January 27th. Jefferies Financial Group increased their price objective on shares of Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a report on Wednesday, October 9th. Finally, TD Cowen lowered Markel Group from a “buy” rating to a “hold” rating and lowered their target price for the stock from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. One investment analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $1,626.83.

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.