Markel Group Inc. (MKL)
Markel Group Inc. (MKL) is a diversified insurance holding company based in the United States. Founded in 1930, it operates through insurance and investment segments, providing specialty insurance products, including property and casualty coverage. Markel is known for its disciplined underwriting approach, strong financial position, and diverse investment portfolio, which supports its long-term growth and stability in the insurance industry.
Company News
Markel, often compared to Berkshire Hathaway, has not been performing as well as the Warren Buffett-led conglomerate recently. However, this could change soon, according to the analysis.
Markel Group reported Q2 2024 revenue of $3.83 billion, a 4.8% year-over-year increase, and EPS of $25.95, up from $22.43 a year ago. The company's key metrics, including underwriting expenses ratio, loss ratio, and combined ratio, were better than analyst estimates.
Berkshire Hathaway's stock portfolio sees an 11% increase in Q4 2023, with Apple, Bank of America, and American Express leading the top positions. Explore more here.
Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our analyst ratings page. Raymond James cut the price target for Skechers U.S.A., Inc. (NYSE: SKX) from $68 to $66. Raymond James analyst Rick Patel maintained an Outperform rating. ...
