Markel Group (MKL) Expected to Announce Earnings on Wednesday

Markel Group (NYSE:MKL) is expected to announce its 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:MKL) last announced its quarterly earnings data on Wednesday, October 30th. The insurance provider reported $17.34 earnings per share for the quarter, missing analysts’ consensus estimates of $21.97 by ($4.63). The firm had revenue of $3.69 billion during the quarter, compared to analysts’ expectations 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 stock opened at $1,810.98 on Monday. The stock’s fifty day moving average price is $1,740.16 and its 200-day moving average price is $1,633.36. Markel Group has a 1 year low of $1,342.66 and a 1 year high of $1,817.81. 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 company has a market cap of $23.29 billion, a P/E ratio of 8.35 and a beta of 0.78.

Wall Street Analyst Weigh In

MKL has been the topic of several recent research reports. Jefferies Financial Group increased their price objective on shares of Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a research report on Wednesday, October 9th. StockNews.com raised shares of Markel Group from a “hold” rating to a “buy” rating in a research note on Monday, December 30th. TD Cowen downgraded shares of Markel Group from a “buy” rating to a “hold” rating and dropped their target price for the stock from $1,986.00 to $1,836.00 in a research note on Monday, December 2nd. Finally, Royal Bank of Canada lowered their price target on Markel Group from $1,700.00 to $1,675.00 and set a “sector perform” rating for the company in a report on Friday, November 1st. One 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. According to MarketBeat, the stock has an average rating of “Hold” and a consensus 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.