Q3 EPS Estimates for Markel Group Raised by Zacks Research

Markel Group Inc. (NYSE:MKL) – Research analysts at Zacks Research upped their Q3 2024 earnings per share (EPS) estimates for Markel Group in a research note issued to investors on Wednesday, October 16th. Zacks Research analyst R. Department now expects that the insurance provider will earn $23.09 per share for the quarter, up from their prior forecast 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 posted its quarterly earnings results on Wednesday, July 31st. The insurance provider reported $25.95 earnings per share for the quarter, topping the consensus estimate of $20.76 by $5.19. Markel Group had a return on equity of 11.12% and a net margin of 13.00%. The business had revenue of $3.83 billion during the quarter, compared to the consensus estimate of $3.86 billion.

Other analysts also recently issued reports about the stock. Citigroup lifted their price target on shares of Markel Group from $1,435.00 to $1,450.00 and gave the company a “sell” rating in a report on Tuesday, July 23rd. StockNews.com cut Markel Group from a “buy” rating to a “hold” rating in a report on Monday, October 7th. TD Cowen assumed coverage on Markel Group in a research report on Tuesday, July 9th. They issued a “buy” rating and a $1,986.00 target price on the stock. Finally, Jefferies Financial Group lifted their price objective on Markel Group from $1,590.00 to $1,600.00 and gave the stock a “hold” rating in a research note on Wednesday, October 9th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Markel Group has an average rating of “Hold” and an average target price of $1,643.50.

Markel Group Price Performance

MKL stock opened at $1,599.18 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.60 and a current ratio of 0.60. The company’s fifty day moving average price is $1,565.70 and its 200-day moving average price is $1,562.89. Markel Group has a one year low of $1,295.65 and a one year high of $1,670.24. The company has a market capitalization of $20.79 billion, a PE ratio of 8.64 and a beta of 0.73.

Insider Activity

In related news, Director Lawrence A. Cunningham purchased 20 shares of the company’s stock in a transaction that occurred on Monday, August 5th. The stock was bought at an average price of $1,512.50 per share, for a total transaction of $30,250.00. Following the completion of the transaction, the director now owns 743 shares in the company, valued at approximately $1,123,787.50. The trade was a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 1.71% of the company’s stock.

Institutional Trading of Markel Group

A number of institutional investors have recently bought and sold shares of the stock. Maple Capital Management Inc. purchased a new stake in shares of Markel Group in the third quarter valued at $212,000. Toth Financial Advisory Corp raised its position in Markel Group by 1,000.0% in the 3rd quarter. Toth Financial Advisory Corp now owns 22 shares of the insurance provider’s stock worth $35,000 after purchasing an additional 20 shares during the period. Mills Wealth Advisors LLC purchased a new stake in Markel Group in the 3rd quarter worth about $307,000. Allspring Global Investments Holdings LLC lifted its stake in Markel Group by 136.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 2,119 shares of the insurance provider’s stock worth $3,324,000 after purchasing an additional 1,223 shares during the last quarter. Finally, Raymond James & Associates boosted its position in shares of Markel Group by 5.9% during the third quarter. Raymond James & Associates now owns 30,015 shares of the insurance provider’s stock valued at $47,081,000 after buying an additional 1,681 shares during the period. 77.12% of the stock is currently owned by institutional investors.

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.