Markel (MKL)

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Here's Why Hold Strategy is Apt for Markel Group (MKL) Now
Zacks Investment Research· 2024-02-29 14:01
Markel Group Inc. (MKL) has been in investors’ good books on the back of new business volume, strong retention levels, an improving rate environment, higher interest income on cash equivalents, strategic buyouts and prudent capital deployment.Growth ProjectionsThe Zacks Consensus Estimate for MKL’s 2025 earnings is pegged at $99.55 per share, indicating a 20% increase from the year-ago reported figure on 5.5% higher revenues of $15.97 billion.Zacks Rank & Price PerformanceMarkel Group currently carries a Za ...
Mike Heaton named Chief Operating Officer of Markel Group
Prnewswire· 2024-02-26 12:45
RICHMOND, Va., Feb. 26, 2024 /PRNewswire/ -- Markel Group Inc. (NYSE: MKL) announced that Mike Heaton will become Executive Vice President and Chief Operating Officer effective today. In this expanded role, he will oversee the day-to-day operations of the holding company and continue developing the system that supports Markel Group's family of companies. Heaton has a substantial track record supporting the businesses in Markel Group. Most recently, he was Executive Vice President, where he led the transform ...
Markel (MKL) - 2023 Q4 - Annual Report
2024-02-22 16:00
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K Annual report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 for the fiscal year ended December 31, 2023 Commission File Number 001-15811 MARKEL GROUP INC. (Exact name of registrant as specified in its charter) A Virginia Corporation IRS Employer Identification No. 54-1959284 4521 Highwoods Parkway, Glen Allen, Virginia 23060-6148 (Address of principal executive offices) (Zip code) Registrant's telephon ...
Markel appoints Katie Costello to Head of Hull and War
Prnewswire· 2024-02-08 10:54
LONDON, Feb. 8, 2024 /PRNewswire/ -- Markel, the insurance operations within Markel Group Inc. (NYSE: MKL) has announced Katie Costello as Head of Hull and War in a move that will bolster the London underwriting leadership team, while positioning the Hull and War portfolio for further growth.As part of this strategic move, Paul Western has been promoted to Head of Hull Underwriting at Markel, where he will be responsible for driving hull strategy, as well as enhancing broker relationships and developing tal ...
3 Top Stock Picks from America's Leading SMID-Cap Fund
InvestorPlace· 2024-02-07 22:46
There are small-cap funds, and there are mid-cap funds, and those invest in both. These are what you call SMID-Cap funds. Investors can find SMID-Cap top stock picks from these funds for the long haul. One of the best available is the Eaton Vance Atlanta Capital SMID-Cap Fund (MUTF:EAASX), an actively managed fund that allows its small-cap stocks to stay in the fund when they become mid-caps and mid-cap stocks to stay in after they become large caps. “This strategy evolved back in the early 2000s, when we ...
Markel awarded Gracechurch's 2024 Service Quality Marque for outstanding claims service
Prnewswire· 2024-02-06 10:00
LONDON, Feb. 6, 2024 /PRNewswire/ -- Markel, the insurance operations within Markel Group Inc. (NYSE: MKL) has been awarded the coveted London Market 2024 Claims Service Quality Marque (SQM) by Gracechurch Consulting.The SQM is awarded annually to insurer claims teams that have been given an outstanding service quality rating in Gracechurch Consulting's London Market Claims Service Monitor. The survey measures more than 40 London Market insurers and is based on over 3,300 individual ratings provided by clai ...
Markel's (MKL) Q4 Earnings Beat, Revenues Lag Estimates
Zacks Investment Research· 2024-02-01 19:31
Markel Group Inc. (MKL) reported fourth-quarter 2023 net operating earnings per share of $56.48, which beat the Zacks Consensus Estimate by 139.5%. The bottom line more than doubled year over year.Markel witnessed improved earned premiums and increased net investment income.Quarterly Operational Update Total operating revenues of $3.7 billion missed the Zacks Consensus Estimate by 1.1%. The top line rose 2.7% year over year.Net investment income increased 46.9% year over year to $213 million in the four ...
Markel (MKL) - 2023 Q4 - Earnings Call Transcript
2024-02-01 18:28
Markel Group Inc. (NYSE:MKL) Q4 2023 Earnings Conference Call February 1, 2024 9:30 AM ET Company Participants Tom Gayner - Chief Executive Officer Brian Costanzo - Chief Financial Officer Jeremy Noble - President, Insurance Operations Conference Call Participants Charlie Lederer - Citi Mark Hughes - Truist Securities Andrew Andersen - Jefferies Scott Heleniak - RBC Josh Hill - CapTrust Financial Advisors Drew Estes - Banyan Capital Operator Good morning and welcome to the Markel Group Fourth Quarter 2023 C ...
Compared to Estimates, Markel Group (MKL) Q4 Earnings: A Look at Key Metrics
Zacks Investment Research· 2024-02-01 01:31
Markel Group (MKL) reported $3.71 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 2.7%. EPS of $56.48 for the same period compares to $26.15 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $3.75 billion, representing a surprise of -1.08%. The company delivered an EPS surprise of +139.53%, with the consensus EPS estimate being $23.58.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- ...
Markel Group (MKL) Surpasses Q4 Earnings Estimates
Zacks Investment Research· 2024-02-01 00:51
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. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 139.53%. A quarter ago, it was expected that this insurer would post earnings of $21 per share when it actually produced earnings of $16.56, delivering a surprise of -21.14%.Over the last four quarters, the company ...