Markel Corporation, a diverse financial holding company, markets and underwrites specialty insurance products in the United States, Bermuda, the United Kingdom, rest of Europe, Canada, Latin America, the Asia Pacific, and the Middle East. Its Insurance segment 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. This segment also offers credit and surety products, and collateral protection insurance. The company's Reinsurance segment offers general liability, professional liability, medical malpractice, and environmental impairment liability; property treaty products for catastrophe, per risk, and retrocessional exposures; and specialty treaty reinsurance products comprising structured and whole turnover credit, political risk, mortgage and contract, and commercial surety reinsurance programs. Its Markel Ventures segment provides equipment used in baking systems and food processing; portable dredges; over-the-road car haulers and transportation equipment; and laminated oak and composite wood flooring, as well as ornamental plants and residential homes. This segment also provides distribution, consulting, and others types of services to businesses and consumers, including distribution of exterior building products, fire protection and life safety services, management and technology consulting, and retail intelligence services. The company's Other segment operates as an insurance and investment fund manager offering a range of investment products, including insurance-linked securities, catastrophe bonds, insurance swaps, and weather derivatives; and program services. Markel Corporation was founded in 1930 and is headquartered in Glen Allen, Virginia.
IPO Year: 1986
Exchange: NYSE
Website: markel.com
Date | Price Target | Rating | Analyst |
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7/9/2024 | $1986.00 | Buy | TD Cowen |
3/15/2024 | $1600.00 | Buy → Neutral | Janney |
2/5/2024 | $1680.00 → $1500.00 | Buy → Hold | Jefferies |
1/8/2024 | $1475.00 | Outperform → Sector Perform | RBC Capital Mkts |
11/22/2023 | $1275.00 | Sell | Citigroup |
9/7/2023 | $1750.00 | Buy | Jefferies |
12/22/2022 | $1550.00 | Buy | Janney |
11/8/2021 | $1350.00 → $1400.00 | Hold | Truist Securities |
11/4/2021 | $1450.00 → $1550.00 | Outperform | RBC Capital |
11/3/2021 | Outperform → Neutral | Boenning & Scattergood |
SINGAPORE, Sept. 18, 2024 /PRNewswire/ -- Markel, the insurance operations within Markel Group Inc. (NYSE:MKL), is pleased to announce the appointment of April Tam as Senior Underwriter, Professional Financial Risk (PFR) & Cyber and Head of Financial Institutions in Asia. This strategic hire is integral to advancing Markel's profile and reinforcing its leadership position in the PFR sector. In her new role, Tam will be instrumental in strengthening Markel's Financial Institutions proposition in Asia. Working in collaboration with the regional underwriting team across Asia, Tam
LONDON, Sept. 3, 2024 /PRNewswire/ -- Markel, the insurance operations within Markel Group Inc. (NYSE:MKL), today announced the appointment of Rhys O'Neill as Senior Underwriter, Marine & Energy Liability, International Specialty, with immediate effect. In his new role, O'Neill will be responsible for enhancing best-in-class underwriting strategies for renewing and new business within Markel's Marine & Energy Liability International Wholesale book of business and maintaining and strengthening strong relationships with key stakeholders, including clients, partners and internal
LONDON, Aug. 15, 2024 /PRNewswire/ -- Markel, the insurance operations within Markel Group (NYSE:MKL), today announced the appointment of Grant Smith as Director, Marine & Energy Liability, International Specialty, with immediate effect. Smith's appointment is the latest in a move to enhance Markel's international specialty underwriting capabilities and expertise, following the launch of its International Specialty practice last December. In his new role, Smith will lead the Marine & Energy Liability team across Markel's International Wholesale business. He will be responsib
RICHMOND, Va., July 15, 2024 /PRNewswire/ -- Markel, the insurance operations within Markel Group Inc. (NYSE:MKL), announced today that Rob Cole has joined Markel as Chief Actuarial Officer. Cole brings extensive leadership and industry experience to Markel. He spent the past 24 years at AIG, where his most recent role was Chief Actuary, Global Pricing. Throughout his career, he has held multiple leadership roles both domestically and in the UK, supporting pricing and reserving disciplines across a wide range of products. "We are excited to have Rob join the Markel team," said
DUBAI, United Arab Emirates, June 27, 2024 /PRNewswire/ -- Markel, the insurance operation within Markel Group Inc. (NYSE:MKL), today announced the appointment of Jennifer Gebran as Head of Casualty for the Middle East and North Africa (MENA) region, with immediate effect. In her new role, Gebran will be responsible for developing the region's casualty underwriting strategy – one centred on enhanced underwriting capabilities and the delivery of profitable growth. She will also be tasked with developing stronger relationships with new and existing brokers, other distribution pa
MELBOURNE, Australia, Dec. 18, 2023 /PRNewswire/ -- Markel, the insurance operation within Markel Group Inc. (NYSE:MKL), announced the completion of the leadership team in Australia with the appointment of Lisa Mitchell as Head of Claims. Mitchell joins Markel from AIG, where she spent more than 10 years as a claims specialist, most recently as Technical Lead, Financial Lines. With over 20 years' experience working in global insurance organisations in the UK and Australia, Lisa brings deep expertise managing high value and complex claims. Based in Melbourne, Mitchell will repo
LONDON, Dec. 14, 2023 /PRNewswire/ -- Markel, the insurance operation within Markel Group Inc. (NYSE:MKL), has launched a Specialty practice within its International Wholesale division which will be spearheaded by Tom Hillier as Divisional Managing Director. This is supported by the addition of a new International Casualty team within Specialty and the appointment of Graeme Ivory as Director of International Casualty. These developments signal Markel's continued growth in the Wholesale business and commitment to Specialty classes, to best serve its key business partners. Spe
LONDON, Nov. 29, 2023 /PRNewswire/ -- Markel, the insurance operation within Markel Group Inc. (NYSE:MKL), has named Tim Woodhouse as Senior Underwriter within its War and Terrorism team. The appointment of industry veteran Woodhouse demonstrates Markel's continued dedication to enhancing its terrorism and political violence offering for clients in an increasingly unpredictable threat landscape. Woodhouse will be based at Markel's London office and report to Ed Winter, Director of Terrorism. He joins Markel's growing team of experts, who he will work closely with to develop in
LONDON, Oct. 5, 2023 /PRNewswire/ -- Markel, the insurance operations within Markel Group Inc. (NYSE:MKL) has appointed Brook Styles as head of cargo, with immediate effect. Styles takes on this position from Richard Burnett who will transition to a strategic role as head of cargo underwriting – demonstrating Markel's focus on bringing portfolio management to the forefront of its strategy, and the continued drive for profitable growth. In his new post, Styles will play an important part in identifying areas to spearhead further growth across Markel's cargo portfolio, in additi
RICHMOND, Va., June 1, 2023 /PRNewswire/ -- Markel, the insurance operations within the Markel Group Inc. (NYSE:MKL), announced today that its Markel Specialty division has named Wendy Houser its Chief Wholesale Officer and Sarah Gavlick its Chief Retail Officer. Markel Specialty established these new positions to address the unique needs of both its wholesale and retail business models. Markel Specialty, the largest division within Markel's insurance operations, writes business for insureds ranging from individuals and small businesses to Fortune 1000 companies in the US, Ber
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SINGAPORE, Sept. 18, 2024 /PRNewswire/ -- Markel, the insurance operations within Markel Group Inc. (NYSE:MKL), is pleased to announce the appointment of April Tam as Senior Underwriter, Professional Financial Risk (PFR) & Cyber and Head of Financial Institutions in Asia. This strategic hire is integral to advancing Markel's profile and reinforcing its leadership position in the PFR sector. In her new role, Tam will be instrumental in strengthening Markel's Financial Institutions proposition in Asia. Working in collaboration with the regional underwriting team across Asia, Tam
LONDON, Sept. 10, 2024 /PRNewswire/ -- Markel, the insurance operations within Markel Group Inc. (NYSE:MKL), today announced the launch of its new FintechRisk+ insurance policy, underlining its long-term commitment to provide market-leading coverage and service solutions for fintech companies in an increasingly complex market. Markel's FintechRisk+ policy provides financial services and technology liability, directors and officers (D&O) liability, theft and cyber protection for UK and international fintech businesses with limits up to USD $20 million. The policy offers enhance
RICHMOND, Va., Sept. 4, 2024 /PRNewswire/ -- Markel, the insurance operations within Markel Group Inc. (NYSE:MKL), announced today that Jamie Mullarkey has been named Global Executive Underwriting Officer for Property and First Party Lines. In this global role, Mullarkey will lead strategy for property and first party lines, supporting multiple initiatives and cross-division opportunities. Shaping the underwriting strategy and vision for these product lines, he will foster collaboration across the organization. "We are pleased to welcome Jamie Mullarkey to Markel," said Robin
LONDON, Sept. 3, 2024 /PRNewswire/ -- Markel, the insurance operations within Markel Group Inc. (NYSE:MKL), today announced the appointment of Rhys O'Neill as Senior Underwriter, Marine & Energy Liability, International Specialty, with immediate effect. In his new role, O'Neill will be responsible for enhancing best-in-class underwriting strategies for renewing and new business within Markel's Marine & Energy Liability International Wholesale book of business and maintaining and strengthening strong relationships with key stakeholders, including clients, partners and internal
Collaboration increases capacity and broadens underwriting eligibility in coastal regions. SageSure, one of the largest managing general underwriters focused on catastrophe-exposed markets, today announced its collaboration with Markel, the insurance operation within Markel Group Inc. (NYSE:MKL). SageSure Expanded Markets will distribute Markel's insurance products first in Louisiana, South Carolina, and Texas, with more states forthcoming. The collaboration represents strong alignment between Markel and SageSure, both of which specialize in delivering high-quality solutions for complex risks and challenging markets. "SageSure Expanded Markets is natural fit for a trusted insurance pr
LONDON, Aug. 15, 2024 /PRNewswire/ -- Markel, the insurance operations within Markel Group (NYSE:MKL), today announced the appointment of Grant Smith as Director, Marine & Energy Liability, International Specialty, with immediate effect. Smith's appointment is the latest in a move to enhance Markel's international specialty underwriting capabilities and expertise, following the launch of its International Specialty practice last December. In his new role, Smith will lead the Marine & Energy Liability team across Markel's International Wholesale business. He will be responsib
SINGAPORE, Aug. 4, 2024 /PRNewswire/ -- Markel, the insurance operations within Markel Group Inc. (NYSE:MKL), is pleased to announce several key hires to its Singapore and Hong Kong teams. These appointments will play a significant role in the delivery of the organisation's growth strategy as it continues strengthening its operations and underwriting capabilities in the Asia Pacific region. Alvernia Xu has been appointed to Head of Operations – Asia Pacific, based in Singapore. Xu joins Markel from Liberty Specialty Markets, where she worked as Senior Manager, Operations since
RICHMOND, Va., July 31, 2024 /PRNewswire/ -- Markel Group Inc. (NYSE:MKL) today reported its financial results for the second quarter of 2024. The Company also announced today it filed its Form 10-Q for the quarter ended June 30, 2024 with the Securities and Exchange Commission. Markel Group aspires to build one of the world's great companies and deploys three financial engines in pursuit of this goal: Insurance, Investments and Markel Ventures. "Our Insurance engine continued to make steady progress in the second quarter," said Tom Gayner, Chief Executive Officer. "Insurance results included notably strong performance in our international operations, and it is encouraging to see that the co
RICHMOND, Va., July 25, 2024 /PRNewswire/ -- Markel Group Inc. (NYSE:MKL) announced today it will hold a conference call on Thursday, August 1, 2024 beginning at 9:30 am (Eastern Time) to discuss quarterly results and business developments. Investors, analysts and the general public may listen to the call via live webcast at ir.mklgroup.com. The call may be accessed telephonically by dialing (888) 660-9916 in the U.S., or (646) 960-0452 internationally, and providing Conference ID: 4614568. A replay of the call will be available on our website approximately one hour after the
RICHMOND, Va., July 15, 2024 /PRNewswire/ -- Markel, the insurance operations within Markel Group Inc. (NYSE:MKL), announced today that Rob Cole has joined Markel as Chief Actuarial Officer. Cole brings extensive leadership and industry experience to Markel. He spent the past 24 years at AIG, where his most recent role was Chief Actuary, Global Pricing. Throughout his career, he has held multiple leadership roles both domestically and in the UK, supporting pricing and reserving disciplines across a wide range of products. "We are excited to have Rob join the Markel team," said
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RICHMOND, Va., July 31, 2024 /PRNewswire/ -- Markel Group Inc. (NYSE:MKL) today reported its financial results for the second quarter of 2024. The Company also announced today it filed its Form 10-Q for the quarter ended June 30, 2024 with the Securities and Exchange Commission. Markel Group aspires to build one of the world's great companies and deploys three financial engines in pursuit of this goal: Insurance, Investments and Markel Ventures. "Our Insurance engine continued to make steady progress in the second quarter," said Tom Gayner, Chief Executive Officer. "Insurance results included notably strong performance in our international operations, and it is encouraging to see that the co
RICHMOND, Va., July 25, 2024 /PRNewswire/ -- Markel Group Inc. (NYSE:MKL) announced today it will hold a conference call on Thursday, August 1, 2024 beginning at 9:30 am (Eastern Time) to discuss quarterly results and business developments. Investors, analysts and the general public may listen to the call via live webcast at ir.mklgroup.com. The call may be accessed telephonically by dialing (888) 660-9916 in the U.S., or (646) 960-0452 internationally, and providing Conference ID: 4614568. A replay of the call will be available on our website approximately one hour after the
AM Best has assigned a Long-Term Issue Credit Rating (Long-Term IR) of "bbb+" to $600 million of 6.00% senior unsecured notes due 2054 issued by Markel Group Inc. (Markel) (Glen Allen, VA) (NYSE:MKL). The outlook assigned to this Credit Rating (rating) is stable. The debt will rank equally in right of payment with the company's outstanding senior unsecured notes. The proceeds will be used for general corporate purposes, which may include the redemption of Markel's $600 million of Series A 6.00% preferred shares that will be callable in June 2025. The assignment of the Long-Term IR considers the rating profile of Markel's principal insurance subsidiary units, as well as the parent company'
RICHMOND, Va., May 1, 2024 /PRNewswire/ -- Markel Group Inc. (NYSE:MKL) today reported its financial results for the first quarter of 2024. The Company also announced today it filed its Form 10-Q for the quarter ended March 31, 2024 with the Securities and Exchange Commission. Markel Group aspires to build one of the world's great companies and deploys three financial engines in pursuit of this goal: Insurance, Investments and Markel Ventures. "We are pleased with the overall performance of our businesses as we start the year," said Tom Gayner, Chief Executive Officer. "Our insurance team grew the top line year over year, and both operating income and the combined ratio improved significantl
RICHMOND, Va., April 25, 2024 /PRNewswire/ -- Markel Group Inc. (NYSE:MKL) announced today it will hold a conference call on Thursday, May 2, 2024 beginning at 9:30 am (Eastern Time) to discuss quarterly results and business developments. Investors, analysts and the general public may listen to the call via live webcast at ir.mklgroup.com. The call may be accessed telephonically by dialing (888) 660-9916 in the U.S., or (646) 960-0452 internationally, and providing Conference ID: 4614568. A replay of the call will be available on our website approximately one hour after the co
RICHMOND, Va., Jan. 31, 2024 /PRNewswire/ -- Markel Group Inc. (NYSE:MKL) today reported its financial results for the year ended December 31, 2023. "We enjoyed excellent returns in 2023 from Markel Ventures, our investment operations, and many portions of our insurance business," said Thomas S. Gayner, Chief Executive Officer. "While we remain focused on some areas of improvement for our insurance operations, our three-engine system continues to drive profitable growth. Strong operating cash flows from each of our insurance, investments, and Markel Ventures engines can now be reinvested to continue growing shareholder value." This table presents summary financial data for 2023 and 2022. Gen
RICHMOND, Va., Jan. 25, 2024 /PRNewswire/ -- Markel Group Inc. (NYSE:MKL) announced today it will hold a conference call on Thursday, February 1, 2024 beginning at 9:30 am (Eastern Time) to discuss quarterly and year end results and business developments. Investors, analysts and the general public may listen to the call via live webcast at ir.mklgroup.com. The call may be accessed telephonically by dialing (888) 660-9916 in the U.S., or (646) 960-0452 internationally, and providing Conference ID: 4614568. A replay of the call will be available on our website approximately one
RICHMOND, Va., Aug. 2, 2023 /PRNewswire/ -- Markel Group Inc. (NYSE:MKL) today reported its financial results for the second quarter of 2023. The Company also announced today it filed its Form 10-Q for the quarter ended June 30, 2023 with the Securities and Exchange Commission. "Insurance, Investments, and Markel Ventures all contributed to solid operating results in the second quarter," said Tom Gayner, Chief Executive Officer. "Markel Ventures recorded strong margins and cash flows, our insurance business increased gross written premiums while maintaining our long-term discipline of profitable underwriting and conservative reserving, and investment income grew significantly amid higher int
RICHMOND, Va., July 27, 2023 /PRNewswire/ -- Markel Group Inc. (NYSE:MKL) announced today it will hold a conference call on Thursday, August 3, 2023 beginning at 9:30 am (Eastern Time) to discuss quarterly results and business developments. Investors, analysts and the general public may listen to the call via live webcast at ir.mklgroup.com. The call may be accessed telephonically by dialing (888) 660-9916 in the U.S., or (646) 960-0452 internationally, and providing Conference ID: 4614568. A replay of the call will be available on our website approximately one hour after the
RICHMOND, Va., April 26, 2023 /PRNewswire/ -- Markel Corporation (NYSE:MKL) today reported its financial results for the first quarter of 2023. The Company also announced today it filed its Form 10-Q for the quarter ended March 31, 2023 with the Securities and Exchange Commission. "The first quarter of 2023 saw all three engines – insurance, investments and Markel Ventures – meaningfully contribute to our strong operating results," said Thomas S. Gayner, Chief Executive Officer. "Markel Ventures achieved impressive organic revenue and profitability growth. In insurance, we continue to grow while maintaining our decades long approach to disciplined underwriting. Our investment income continue
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Markel Group (NYSE:MKL) underwent analysis by 4 analysts in the last quarter, revealing a spectrum of viewpoints from bullish to bearish. The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 1 0 2 0 1 Last 30D 0 0 0 0 1 1M Ago 1 0 0 0 0 2M Ago 0 0 0 0 0 3M Ago 0 0 2 0 0 Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $1665.25, along with a high estimate of $1986.00 and a low estimate of $1450.00. Witnessing a positive shift
Citigroup analyst Charlie Lederer maintains Markel Group (NYSE:MKL) with a Sell and raises the price target from $1435 to $1450.
TD Cowen analyst Andrew Kligerman initiates coverage on Markel Group (NYSE:MKL) with a Buy rating and announces Price Target of $1986.
Markel Group's (NYSE:MKL) short percent of float has fallen 8.26% since its last report. The company recently reported that it has 141 thousand shares sold short, which is 1.11% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.7 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is
Markel Group Inc. (NYSE:MKL) and Valor Environmental announced today that they have entered into a definitive agreement for Markel Group to acquire a majority interest in Valor and its related operating companies. The transaction is subject to customary closing conditions and is expected to close in the second quarter of 2024. Additional terms were not disclosed.
RBC Capital analyst Scott Heleniak maintains Markel Group (NYSE:MKL) with a Sector Perform and raises the price target from $1475 to $1625.
Truist Securities analyst Mark Hughes maintains Markel Group (NYSE:MKL) with a Hold and raises the price target from $1400 to $1600.
Markel (NYSE:MKL) reported quarterly earnings of $75.43 per share which beat the analyst consensus estimate of $24.86 by 203.42 percent. The company reported quarterly sales of $4.467 billion which beat the analyst consensus estimate of $3.566 billion by 25.25 percent. This is a 22.61 percent increase over sales of $3.643 billion the same period last year.
Markel Group's (NYSE:MKL) short percent of float has risen 4.1% since its last report. The company recently reported that it has 163 thousand shares sold short, which is 1.27% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.78 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short interest is
TD Cowen initiated coverage of Markel Group with a rating of Buy and set a new price target of $1,986.00
Janney downgraded Markel Group from Buy to Neutral and set a new price target of $1,600.00
Jefferies downgraded Markel Group from Buy to Hold and set a new price target of $1,500.00 from $1,680.00 previously
RBC Capital Mkts downgraded Markel Group from Outperform to Sector Perform and set a new price target of $1,475.00
Citigroup initiated coverage of Markel Group with a rating of Sell and set a new price target of $1,275.00
Jefferies initiated coverage of Markel Group with a rating of Buy and set a new price target of $1,750.00
Janney initiated coverage of Markel Corp with a rating of Buy and set a new price target of $1,550.00
Truist Securities reiterated coverage of Markel with a rating of Hold and set a new price target of $1,400.00 from $1,350.00 previously
RBC Capital reiterated coverage of Markel with a rating of Outperform and set a new price target of $1,550.00 from $1,450.00 previously
Boenning & Scattergood downgraded Markel Corp from Outperform to Neutral