Markel Group (MKL) Scheduled to Post Earnings on Wednesday

Markel Group (NYSE:MKL) is scheduled to be releasing its earnings data after the market closes on Wednesday, May 1st. Analysts expect Markel Group to post earnings of $18.50 per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Markel Group (NYSE:MKL) last released its earnings results on Wednesday, January 31st. The insurance provider reported $56.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $23.58 by $32.90. The company had revenue of $3.71 billion for the quarter, compared to analyst estimates of $3.75 billion. Markel Group had a net margin of 12.63% and a return on equity of 11.22%. On average, analysts expect Markel Group to post $80 EPS for the current fiscal year and $99 EPS for the next fiscal year.

Markel Group Price Performance

Markel Group stock opened at $1,436.52 on Monday. The firm has a market cap of $18.73 billion, a PE ratio of 9.77 and a beta of 0.70. Markel Group has a 52-week low of $1,272.43 and a 52-week high of $1,560.00. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 0.26. The company’s 50 day moving average is $1,483.67 and its two-hundred day moving average is $1,444.36.

Insider Buying and Selling

In related news, Director A. Lynne Puckett purchased 72 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were purchased at an average cost of $1,409.28 per share, for a total transaction of $101,468.16. Following the purchase, the director now directly owns 960 shares of the company’s stock, valued at $1,352,908.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director A. Lynne Puckett purchased 72 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were purchased at an average cost of $1,409.28 per share, for a total transaction of $101,468.16. Following the purchase, the director now directly owns 960 shares of the company’s stock, valued at $1,352,908.80. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Thomas Sinnickson Gayner purchased 100 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The shares were bought at an average price of $1,414.74 per share, for a total transaction of $141,474.00. Following the completion of the purchase, the chief executive officer now directly owns 45,039 shares in the company, valued at $63,718,474.86. The disclosure for this purchase can be found here. 1.71% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on MKL shares. Royal Bank of Canada reiterated a “sector perform” rating and set a $1,475.00 target price on shares of Markel Group in a report on Friday, February 2nd. Jefferies Financial Group lowered shares of Markel Group from a “buy” rating to a “hold” rating and reduced their price objective for the company from $1,680.00 to $1,500.00 in a report on Monday, February 5th. Finally, Janney Montgomery Scott restated a “neutral” rating and issued a $1,600.00 price objective on shares of Markel Group in a report on Friday, March 15th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $1,450.00.

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.