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MKL — Markel News Story

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Markel Group Inc reports results for the quarter ended June 30 - Earnings Summary

Markel Group Inc MKL.N reported quarterly adjusted earnings of $13.88​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of $26.96.  The mean expectation of six analysts for the quarter was for earnings of $25.03 per share. Wall Street expected results to range from $23.29  to $25.82 per share.

Revenue rose 20.6% to $4.60 billion from a year ago; analysts expected $3.93 billion.

Markel Group Inc's reported EPS for the quarter was $49.67​.

The company reported quarterly net income of $632.34 million.

Markel Group Inc shares had risen by 0.5% this quarter and gained 16.2% so far this year.

FORECAST CHANGES

The mean earnings estimate of analysts had fallen by about 4.6% 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 "hold" and the breakdown of recommendations is no "strong buy" or "buy," 7 "hold" and no "sell" or "strong sell." The average consensus recommendation for the property & casualty insurance peer group is  "buy."

Wall Street's median 12-month price target for Markel Group Inc is $2,000.00, about 0.4% below its last closing price of $2,008.29

This summary was machine generated from LSEG data August 1 at 01:02 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)

QUARTER ENDINGESTIMATEACTUALBEAT, MET, MISSED
Jun. 30 202525.0313.88Missed
Mar. 31 202516.7723.13Beat
Dec. 31 202418.9329.65Beat
Sep. 30 202421.43-4.24Missed

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