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)