Zacks Research Raises Earnings Estimates for Markel Group

Markel Group Inc. (NYSE:MKL) – Equities researchers at Zacks Research increased their Q3 2024 EPS estimates for Markel Group in a report issued on Wednesday, October 16th. Zacks Research analyst R. Department now expects that the insurance provider will post earnings of $23.09 per share for the quarter, up from their prior estimate of $20.78. The consensus estimate for Markel Group’s current full-year earnings is $89.94 per share. Zacks Research also issued estimates for Markel Group’s Q4 2024 earnings at $22.26 EPS, Q1 2025 earnings at $23.18 EPS, Q4 2025 earnings at $26.64 EPS, Q2 2026 earnings at $27.31 EPS and Q3 2026 earnings at $24.45 EPS.

Markel Group (NYSE:MKL) last released its quarterly earnings data on Wednesday, July 31st. The insurance provider reported $25.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $20.76 by $5.19. The firm had revenue of $3.83 billion for the quarter, compared to analysts’ expectations of $3.86 billion. Markel Group had a net margin of 13.00% and a return on equity of 11.12%.

A number of other brokerages have also weighed in on MKL. Jefferies Financial Group lifted their target price on shares of 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. TD Cowen began coverage on shares of Markel Group in a research note on Tuesday, July 9th. They set a “buy” rating and a $1,986.00 target price on the stock. StockNews.com lowered shares of Markel Group from a “buy” rating to a “hold” rating in a research note on Monday, October 7th. Finally, Citigroup boosted their price objective on shares of Markel Group from $1,435.00 to $1,450.00 and gave the stock a “sell” rating in a research note on Tuesday, July 23rd. One 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 company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $1,643.50.

Markel Group Trading Down 0.8 %

Shares of MKL opened at $1,586.14 on Monday. The firm’s 50-day moving average price is $1,567.00 and its 200-day moving average price is $1,563.42. The firm has a market capitalization of $20.62 billion, a price-to-earnings ratio of 8.57 and a beta of 0.73. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.29. Markel Group has a 1-year low of $1,295.65 and a 1-year high of $1,670.24.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in MKL. Toth Financial Advisory Corp raised its holdings in shares of Markel Group by 1,000.0% during the third quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider’s stock valued at $35,000 after purchasing an additional 20 shares during the last quarter. UMB Bank n.a. raised its holdings in shares of Markel Group by 833.3% during the third quarter. UMB Bank n.a. now owns 28 shares of the insurance provider’s stock valued at $44,000 after purchasing an additional 25 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Markel Group during the second quarter valued at approximately $45,000. Thurston Springer Miller Herd & Titak Inc. purchased a new position in shares of Markel Group during the second quarter valued at approximately $55,000. Finally, GAMMA Investing LLC raised its holdings in shares of Markel Group by 90.0% during the first quarter. GAMMA Investing LLC now owns 38 shares of the insurance provider’s stock valued at $58,000 after purchasing an additional 18 shares during the last quarter. Institutional investors own 77.12% of the company’s stock.

Insider Buying and Selling

In other Markel Group news, Director Lawrence A. Cunningham acquired 20 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The shares were acquired at an average price of $1,512.50 per share, with a total value of $30,250.00. Following the completion of the purchase, the director now directly owns 743 shares of the company’s stock, valued at approximately $1,123,787.50. The trade was a 0.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.71% of the stock is currently owned by insiders.

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.