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 |
|---|---|---|---|
| 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 |
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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
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LONDON, Nov. 21, 2024 /PRNewswire/ -- Markel, the insurance operations within Markel Group Inc. (NYSE:MKL), today announced the appointment of David Pressman as Senior Underwriter – Marine Cargo, with immediate effect. Pressman will support the profitable expansion of Markel's Marine Cargo portfolio in London, by servicing new and renewal business as well as fostering strong relationships with broker partners, ensuring high service levels are maintained. He will also be responsible for identifying new areas to scale further profitable growth and supporting members in the Marin
GLEN ALLEN, Va., Nov. 5, 2024 /PRNewswire/ -- RDSolutions, formerly known as RetailData, today announced the launch of its rebrand, reflecting the company's commitment to helping manufacturers and retailers achieve brand excellence by optimizing all customer touch points across the shopper journey. The rebrand, which includes a refreshed visual identity and a new website, highlights RDSolutions' extensive capabilities in optimizing customer experiences and streamlining retail operations. "Our rebrand is more than a new look—it's about uniting our capabilities to help retailers and manufacturers achieve brand excellence across every channel and all stores," said Jacob Blondin, CEO of RDSolut
RICHMOND, Va., Oct. 30, 2024 /PRNewswire/ -- Markel Group Inc. (NYSE:MKL) today reported its financial results for the third quarter of 2024. The Company also announced today it filed its Form 10-Q for the quarter ended September 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. "We've consistently emphasized the value of our family of businesses that have found a home under the Markel Group umbrella. The results of 2024 so far underscore that benefit. Many of our businesses performed exceptionally, others made solid imp
RICHMOND, Va., Oct. 24, 2024 /PRNewswire/ -- Markel Group Inc. (NYSE:MKL) announced today it will hold a conference call on Thursday, October 31, 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 (800) 715-9871 in the U.S., or +1 (646) 307-1963 internationally, and providing Conference ID: 4614568. A replay of the call will be available on our website approximately one hour after
LONDON, Oct. 24, 2024 /PRNewswire/ -- Markel, the insurance operations within Markel Group Inc. (NYSE:MKL), today announced that it has appointed Dena Furmanek as Senior Underwriter – Fine Art, North America, with immediate effect. Furmanek will support the profitable expansion of Markel's North American Fine Art book, as part of the insurer's strategic growth plans for its International Marine & Energy division. In her new role, she will be responsible for underwriting and servicing new and renewal business and developing closer relationships with clients and brokers across t
RICHMOND, Va., Oct. 21, 2024 /PRNewswire/ -- Markel, the insurance operations within Markel Group Inc. (NYSE:MKL), announced today that Jim Hinchley has been named Chief Retail Officer for Markel's Specialty division. In this role, he will be responsible for leading Markel's overall retail strategy, driving profitable growth in existing business, and addressing new areas for expanded growth within the retail channel. "We are excited to welcome Jim to Markel to oversee the strategic direction of our retail business," said Alex Martin, President, Markel Specialty. "Jim's broad-r
With this new offering, that expands VOOM's innovative motorcycle insurance offering, e-bike and other bicycle owners will pay get a flexible and comprehensive insurance coverage PALO ALTO, Calif., Oct. 14, 2024 /PRNewswire/ -- VOOM Insurance, the leading InsurTech company for the future of mobility, announced today that it has launched its insurance offering for Electric Bikes. The product is underwritten by Markel Group. This new product builds on VOOM's successful track record in usage-based insurance for motorcycles and rideshare drivers, extending their innovative approac
LONDON, Oct. 10, 2024 /PRNewswire/ -- Markel, the insurance operations within Markel Group Inc. (NYSE:MKL), today announced the appointment of Stacey Hinton as Senior Underwriter, Head of Jewellers Block, Specie, with immediate effect. In her new role, Hinton will be responsible for driving the profitable growth of Markel's international Jewellers Block portfolio and developing and maintaining relationships with brokers and clients. She will also work closely with the wider specie team, actuarial and other parts of the business to implement the Jewellers Block underwriting str
LONDON, Oct. 9, 2024 /PRNewswire/ -- Markel, the insurance operations within Markel Group Inc. (NYSE:MKL), today announced Jack Eastwood as Senior Underwriter, Cyber, with immediate effect. His arrival underpins Markel's commitment to investing in top-tier talent to continue enhancing its product and service offerings and underwriting expertise for broker partners. Eastwood takes up his position as a senior member of Markel's Cyber & Technology team, where he'll be responsible for working closely alongside the cyber leadership colleagues to develop and drive the organisation'
RICHMOND, Va., Oct. 3, 2024 /PRNewswire/ -- Markel Group Inc. (NYSE:MKL) announced today that it will hold its 2025 Reunion at the University of Richmond Robins Center in Richmond, Virginia on May 20 and May 21, 2025. The business component of the Reunion, The Meeting (formerly known as the Annual Shareholders' Meeting), will take place on Wednesday, May 21, 2025, at 2:00 p.m. ET. At The Meeting, Markel Group will celebrate its associates, share insights and answer your questions about the business. The Reunion involves multiple events, such as our 2nd annual "Crawl, Walk, &
RICHMOND, Va., Oct. 30, 2024 /PRNewswire/ -- Markel Group Inc. (NYSE:MKL) today reported its financial results for the third quarter of 2024. The Company also announced today it filed its Form 10-Q for the quarter ended September 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. "We've consistently emphasized the value of our family of businesses that have found a home under the Markel Group umbrella. The results of 2024 so far underscore that benefit. Many of our businesses performed exceptionally, others made solid imp
RICHMOND, Va., Oct. 24, 2024 /PRNewswire/ -- Markel Group Inc. (NYSE:MKL) announced today it will hold a conference call on Thursday, October 31, 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 (800) 715-9871 in the U.S., or +1 (646) 307-1963 internationally, and providing Conference ID: 4614568. A replay of the call will be available on our website approximately one hour after
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
LONDON, Nov. 21, 2024 /PRNewswire/ -- Markel, the insurance operations within Markel Group Inc. (NYSE:MKL), today announced the appointment of David Pressman as Senior Underwriter – Marine Cargo, with immediate effect. Pressman will support the profitable expansion of Markel's Marine Cargo portfolio in London, by servicing new and renewal business as well as fostering strong relationships with broker partners, ensuring high service levels are maintained. He will also be responsible for identifying new areas to scale further profitable growth and supporting members in the Marin
LONDON, Oct. 24, 2024 /PRNewswire/ -- Markel, the insurance operations within Markel Group Inc. (NYSE:MKL), today announced that it has appointed Dena Furmanek as Senior Underwriter – Fine Art, North America, with immediate effect. Furmanek will support the profitable expansion of Markel's North American Fine Art book, as part of the insurer's strategic growth plans for its International Marine & Energy division. In her new role, she will be responsible for underwriting and servicing new and renewal business and developing closer relationships with clients and brokers across t
RICHMOND, Va., Oct. 21, 2024 /PRNewswire/ -- Markel, the insurance operations within Markel Group Inc. (NYSE:MKL), announced today that Jim Hinchley has been named Chief Retail Officer for Markel's Specialty division. In this role, he will be responsible for leading Markel's overall retail strategy, driving profitable growth in existing business, and addressing new areas for expanded growth within the retail channel. "We are excited to welcome Jim to Markel to oversee the strategic direction of our retail business," said Alex Martin, President, Markel Specialty. "Jim's broad-r
LONDON, Oct. 10, 2024 /PRNewswire/ -- Markel, the insurance operations within Markel Group Inc. (NYSE:MKL), today announced the appointment of Stacey Hinton as Senior Underwriter, Head of Jewellers Block, Specie, with immediate effect. In her new role, Hinton will be responsible for driving the profitable growth of Markel's international Jewellers Block portfolio and developing and maintaining relationships with brokers and clients. She will also work closely with the wider specie team, actuarial and other parts of the business to implement the Jewellers Block underwriting str
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