Markel Group Inc reports results for the quarter ended March 31 - Earnings Summary

• Markel Group Inc MKL.N reported quarterly adjusted earnings of $21.60​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of $20.65. The mean expectation of five analysts for the quarter was for earnings of $16.77 per share. Wall Street expected results to range from $12.00 to $21.74 per share.

• Revenue fell 23.9% to $3.40 billion from a year ago; analysts expected $3.60 billion.

• Markel Group Inc's reported EPS for the quarter was $12.08​.

• The company reported quarterly net income of $155.06 million.

• Markel Group Inc shares had fallen by 2.7% this quarter and gained 5.4% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 25% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

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 also "hold"

• Wall Street's median 12-month price target for Markel Group Inc is $1,890.00

This summary was machine generated from LSEG data May 1 at 05:53 p.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)