Markel Group Inc reports results for the quarter ended in September - Earnings Summary

Markel

02/11/2023 06:28

* Markel Group Inc  MKL.N  reported quarterly adjusted
earnings of
$23.11​​ per share for the quarter ended in September, higher
than the same quarter last year, when the company reported EPS
of $21.51.  The mean expectation of seven analysts for the
quarter was for earnings of $19.61 per share. Wall Street
expected results to range from $15.75  to $23.16 per share.
    * Revenue rose 9.9% to $3.38 billion from a year ago;
analysts
expected $3.67 billion. 
    * Markel Group Inc's reported EPS for the quarter was
$3.14​.
    * The company reported quarterly net income of $42.59
million.
    * Markel Group Inc shares had risen by 1.4% this quarter and
gained 13.3% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 3.2%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 7 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the property &
casualty
insurance peer group is also "buy"

Wall Street's median 12-month price target for Markel Group Inc
is $1,650.00 
This summary was machine generated from LSEG data November 2 at
06:28 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      19.61          23.11          Beat
 Jun. 30 2023      17.58          21.19          Beat
 Mar. 31 2023      16.14          14.52          Missed
 Dec. 31 2022      18.34          18.89          Beat