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While the top- and bottom-line numbers for Markel Group (MKL) give a sense of how the business performed in the quarter ended December 2023, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values.
Markel Group (MKL) came out with quarterly earnings of $56.48 per share, beating the Zacks Consensus Estimate of $23.58 per share. This compares to earnings of $26.15 per share a year ago.
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.
Markel Group (MKL) is poised to benefit from improved pricing, effective risk management, strategic buyouts, solid capital position and favorable growth estimates.
Markel (MKL) is well-poised to gain from improved pricing, effective risk management, strategic buyouts solid capital position and favorable growth estimates.
Markel Group (MKL) reported earnings 30 days ago. What's next for the stock?
Markel's fixed-income portfolio is profiting from higher interest rates, with recurring interest and dividend income growing 70% during Q3. Despite already holding over 70 times his base salary in Markel shares, CEO Tom Gayner has continued to acquire shares in the open market. The stock is trading in its low valuation range from both a book value and net income perspective.
Kinsale Capital is a specialty insurer that has grown at nearly 40% compounded annually since 2016. Its fast growth has earned it a premium valuation.
Although the revenue and EPS for Markel Group (MKL) give a sense of how its business performed in the quarter ended September 2023, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Markel Group (MKL) came out with quarterly earnings of $16.56 per share, missing the Zacks Consensus Estimate of $21 per share. This compares to earnings of $13.17 per share a year ago.