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

Markel Group (NYSE:MKLGet Free Report) is expected to post its quarterly earnings results after the market closes on Wednesday, January 29th. Analysts expect Markel Group to post earnings of $20.66 per share and revenue of $3,781,760.00 billion for the quarter.

Markel Group (NYSE:MKLGet Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share for the quarter, missing the consensus estimate of $21.97 by ($4.63). The company had revenue of $3.69 billion during the quarter, compared to analyst estimates of $3.74 billion. Markel Group had a return on equity of 10.86% and a net margin of 17.03%. On average, analysts expect Markel Group to post $87 EPS for the current fiscal year and $98 EPS for the next fiscal year.

Markel Group Stock Performance

MKL opened at $1,788.87 on Wednesday. The business has a fifty day simple moving average of $1,730.43 and a 200-day simple moving average of $1,626.19. The firm has a market cap of $23.00 billion, a PE ratio of 8.25 and a beta of 0.78. Markel Group has a fifty-two week low of $1,342.66 and a fifty-two week high of $1,811.81. The company has a quick ratio of 0.60, a current ratio of 0.60 and a debt-to-equity ratio of 0.26.

Analyst Ratings Changes

MKL has been the subject of several recent research reports. Royal Bank of Canada dropped their price target 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. TD Cowen cut Markel Group from a “buy” rating to a “hold” rating and cut their target price for the company from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. Jefferies Financial Group upped their price objective on Markel Group from $1,590.00 to $1,600.00 and gave the company a “hold” rating in a research note on Wednesday, October 9th. Finally, StockNews.com upgraded shares of Markel Group from a “hold” rating to a “buy” rating in a research report on Monday, December 30th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat, Markel Group currently has an average rating of “Hold” and a consensus price target of $1,626.83.

View Our Latest Stock Report on Markel Group

About Markel Group

(Get Free Report)

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.

See Also

Earnings History for Markel Group (NYSE:MKL)

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