Markel Group (NYSE:MKL) Posts Quarterly Earnings Results

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

Markel Group Stock Performance

Markel Group stock traded down $54.01 during mid-day trading on Friday, reaching $2,005.82. 8,625 shares of the stock traded hands, compared to its average volume of 69,848. The stock has a market capitalization of $25.79 billion, a PE ratio of 9.28 and a beta of 0.78. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.60 and a quick ratio of 0.60. The business’s 50-day moving average is $1,755.78 and its 200-day moving average is $1,646.10. Markel Group has a 12-month low of $1,405.11 and a 12-month high of $2,063.68.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on MKL shares. Royal Bank of Canada dropped their target price on 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 reduced their price objective for the stock from $1,986.00 to $1,836.00 in a report on Monday, December 2nd. Finally, StockNews.com upgraded shares of Markel Group from a “hold” rating to a “buy” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the stock. Based on data from MarketBeat.com, Markel Group presently has an average rating of “Hold” and an average price target of $1,626.83.

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.