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Markel Corp Stock Research

MKL

1542.14USD-1.81(-0.12%)Market Closed
Watchlist

Market Summary

USD1542.14-1.81
Market Closed
-0.12%

MKL Alerts

MKL Stock Price

MKL RSI Chart

MKL Valuation

Market Cap

18.2B

Price/Earnings (Trailing)

55.48

Price/Sales (Trailing)

1.43

EV/EBITDA

15.62

Price/Free Cashflow

7.77

MKL Price/Sales (Trailing)

MKL Profitability

EBT Margin

4.65%

Return on Equity

2.38%

Return on Assets

0.64%

Free Cashflow Yield

12.88%

MKL Fundamentals

MKL Revenue

Revenue (TTM)

15.1B

Revenue Y/Y

131.14%

Revenue Q/Q

13.7%

MKL Earnings

Earnings (TTM)

1.9B

Earnings Y/Y

175.95%

Earnings Q/Q

42.33%

Price Action

52 Week Range

1064.091558.42
(Low)(High)

Last 7 days

2.7%

Last 30 days

3.3%

Last 90 days

15.5%

Trailing 12 Months

28.7%

MKL Financial Health

Debt/Equity

0.28

Debt/Cashflow

0.66

MKL Investor Care

Diluted EPS (TTM)

139.59

Historical Charts for Stock Metrics

Get all data in R, Python etc through our Historical Stock Data APIs
Net sales

Latest Insider Trading transactions for MKL

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-09-15
Heaton Michael R
acquired
4,100
1,369
2.9943
executive vice president
2023-09-07
MARKEL STEVEN A
sold
-510,866
1,468
-348
-
2023-09-06
Cunningham Lawrence A
bought
14,550
1,455
10.00
-
2023-09-05
MARKEL STEVEN A
sold
-514,891
1,471
-350
-
2023-09-05
Cunningham Lawrence A
bought
14,575
1,457
10.00
-
2023-08-31
MARKEL STEVEN A
sold
-518,881
1,482
-350
-
2023-08-29
MARKEL STEVEN A
sold
-515,161
1,471
-350
-
2023-08-29
Cunningham Lawrence A
bought
36,500
1,460
25.00
-
2023-08-18
Harris Greta J
sold
-153,663
1,491
-103
-
2023-08-15
Heaton Michael R
acquired
8,199
1,345
6.0946
executive vice president

1–10 of 50

Which funds bought or sold MKL recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-09-12
Farther Finance Advisors, LLC
added
12.12
9,023
51,178
0.01%
2023-09-08
TUCKER ASSET MANAGEMENT LLC
added
2.31
17,900
183,963
0.05%
2023-09-07
JAG CAPITAL MANAGEMENT, LLC
reduced
-1.1
1,020,090
15,411,400
1.78%
2023-08-24
Alberta Investment Management Corp
unchanged
-
42,308
553,272
-%
2023-08-24
Adalta Capital Management LLC
added
181
940,000
1,400,000
0.94%
2023-08-24
INVICTUS PRIVATE WEALTH, LLC
unchanged
-
24,327
318,131
0.03%
2023-08-23
WOLVERINE TRADING, LLC
reduced
-52.05
-354,339
385,661
-%
2023-08-22
Asset Dedication, LLC
added
72.73
12,000
26,000
-%
2023-08-21
OSAIC HOLDINGS, INC.
added
0.36
370,960
4,649,230
0.01%
2023-08-21
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
added
2.16
791,000
8,233,000
0.08%

1–10 of 47

Latest Funds Activity

Are funds buying MKL calls or puts?
Calls
Puts
No. of funds holding Calls - Puts
Net Call Options
No. of funds that own MKL
No. of Funds

Schedule 13G FIlings of Markel

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 09, 2023
vanguard group inc
8.99%
1,208,726
SC 13G/A
Feb 24, 2022
blackrock inc.
4.5%
619,942
SC 13G/A
Feb 10, 2021
vanguard group inc
8.82%
1,215,423
SC 13G/A
Jan 29, 2021
blackrock inc.
6.0%
824,768
SC 13G/A
Feb 12, 2020
vanguard group inc
8.86%
1,224,995
SC 13G/A
Feb 05, 2020
blackrock inc.
6.6%
917,249
SC 13G/A

Recent SEC filings of Markel

View All Filings
Date Filed Form Type Document
Sep 18, 2023
4
Insider Trading
Sep 08, 2023
4
Insider Trading
Sep 08, 2023
4
Insider Trading
Sep 06, 2023
4
Insider Trading
Sep 01, 2023
4
Insider Trading
Aug 31, 2023
8-K
Current Report
Aug 30, 2023
4
Insider Trading
Aug 30, 2023
4
Insider Trading
Aug 29, 2023
144
Notice of Insider Sale Intent
Aug 22, 2023
4
Insider Trading

Peers (Alternatives to Markel)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
83.5B
55.3B
6.38% 11.93%
47.86
1.51
11.39% 104.72%
45.2B
50.4B
7.61% 15.58%
10.04
0.9
-9.25% -63.51%
38.7B
38.7B
2.91% 2.81%
17.31
1
8.33% -37.32%
29.9B
54.6B
6.77% -13.02%
-11.18
0.55
9.14% -383.17%
25.2B
13.3B
0.67% 24.34%
20.79
1.9
12.64% 55.58%
9.7B
7.5B
0.28% -7.28%
11.38
1.3
12.86% -17.26%
-
23.6B
2.72% 12.08%
-
-
5.78% -4.19%
MID-CAP
10.5B
7.4B
15.73% 34.35%
25.5
1.41
62.27% 144.80%
4.0B
1.3B
-0.18% 24.18%
14.4
3.07
41.34% 137.60%
SMALL-CAP
1.3B
348.9M
2.75% -38.18%
23
3.82
16.85% 25.90%
1.2B
1.4B
1.93% -21.70%
-111.09
0.86
3.44% -114.81%
998.8M
1.1B
4.21% -11.45%
107.75
0.88
-2.53% -76.30%
562.0M
901.0M
-2.03% -39.05%
12.11
0.62
14.76% 164.17%

Markel News

MarketBeat
Chemistry Wealth Management LLC Acquires 209 Shares of Markel ....
MarketBeat,
12 hours ago
The Motley Fool
The Insurance Insider
Jeremy Noble, President of Insurance, Markel.
The Insurance Insider,
5 days ago
Marketscreener.com

Returns for MKL

Cumulative Returns on MKL

11.5%


10-Year Cumulative Returns

7.6%


7-Year Cumulative Returns

4.9%


5-Year Cumulative Returns

16.4%


3-Year Cumulative Returns

Risks for MKL

What is the probability of a big loss on MKL?

51.5%


Probability that Markel stock will be more than 20% underwater in next one year

19.2%


Probability that Markel stock will be more than 30% underwater in next one year.

18.5%


Probability that Markel stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does MKL drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Markel was unfortunately bought at previous high price.

Drawdowns

Financials for Markel

Income Statement (Last 12 Months)
(In Millions)
Income Statement (Last 12 Months)
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Revenue18.5%15,06312,71211,67511,22310,84412,55212,84612,44412,66812,30011,74511,19010,63610,0819,5267,9888,1907,7386,8417,4616,731
Costs and Expenses1.7%12,21112,00711,76811,19010,64210,0959,6039,2339,0078,4758,4618,0787,6297,5127,0497,1967,1067,0096,8026,3106,466
EBITDA-100.0%-1,154414-3872,8633,652--3,9831,4851,0747562272,7271,1111,3581,064---
EBITDA Margin-100.0%-0.09*0.04*-0.04*0.23*0.28*--0.32*0.13*0.10*0.07*0.02*0.29*0.14*0.17*0.14*---
Interest Expenses-1.4%193196196195194191184180176175178176181176172169159154154150144
Earnings Before Taxes343.0%2,621592-14891.001952,3373,1323,0063,3463,5011,000628306-2182,286714971682-7.851,066187
EBT Margin-100.0%-0.05*-0.01*0.01*0.02*0.19*0.24*0.24*0.26*0.28*0.09*0.06*0.03*-0.02*0.24*------
Net Income491.3%1,939328-214-31.0492.001,8002,4252,4012,6662,796816480231-1831,799535740513-1301,058390
Net Income Margin-100.0%-0.03*-0.02*0.00*0.01*0.14*0.19*0.19*0.21*0.23*0.07*0.04*0.02*-0.02*0.19*------
Free Cashflow-100.0%-2,3392,4552,2582,1822,2052,1291,9891,9561,8881,6361,7231,3891,1931,151------
Balance Sheet
(In Millions)
Balance Sheet
(In Millions)
(*) denotes actual numbers (not divided by Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Assets2.4%52,18450,94249,79148,42147,94748,98548,47746,69645,64243,04341,71040,17039,06836,04937,47437,03636,42234,73733,30633,95833,247
    Cash Equivalents6.8%4,3064,0324,1373,5414,9115,2084,8814,5074,3524,4985,2175,2635,6274,4583,5003,2002,6412,7642,3962,6272,244
  Goodwill-0.6%2,6272,6432,6392,7972,7702,7742,8992,6952,6062,6052,6052,6052,6072,3102,3092,1882,1892,2162,2381,7841,785
Liabilities2.2%37,48136,66136,05435,55034,68434,39833,27632,42431,41529,62328,65028,02127,44326,16126,21826,23625,85724,77024,03224,01923,614
  Long Term Debt-2.1%3,8143,8974,1044,1314,5024,4294,361---3,484---3,534------
Shareholder's Equity3.2%14,18513,74413,15112,29412,75614,10114,71714,01713,97513,16412,80011,89411,3959,72111,07110,62310,3969,7969,0819,7849,481
  Retained Earnings5.5%10,81910,2559,8339,2569,29010,27810,4479,6509,5048,7558,1957,3776,9486,0397,4576,9896,8086,3395,7826,5776,184
Minority Interest19.5%54.0045.0063.0065.0011.006.0023.0023.0023.0021.0015.0014.0016.0012.008.0011.0017.0022.0020.00-3.84-3.45
Cashflow (Last 12 Months)
(In Millions)
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2023Q22023Q12022Q42022Q32022Q22022Q12021Q42021Q32021Q22021Q12020Q42020Q32020Q22020Q12019Q42019Q32019Q22019Q12018Q42018Q32018Q2
Cashflow From Operations8.5%2,7972,5792,7092,5322,3822,3712,2742,0982,0621,9901,7381,8241,5141,3211,2748428348548931,023928
Cashflow From Investing5.1%-1,640-1,728-1,670-1,488-1,103-1,910-2,937-3,266-3,802-2,495-5111441,04029.00-535-1,001-873-386-797-1,103-1,626
Cashflow From Financing15.2%-838-988-595-560-58129737039839146743564.00447380359763453-104-178384343
  Buy Backs19.8%35229329129227226420712564.0025.0027.0058.0071.0010311610599.0079.0054.0057.0076.00

MKL Income Statement

2023-06-30
Consolidated Statements Of Income (Loss) And Comprehensive Income (Loss) - USD ($)
$ in Thousands
3 Months Ended6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
OPERATING REVENUES    
Earned premiums$ 2,031,143$ 1,833,104$ 3,998,847$ 3,592,874
Net investment income169,69396,795329,028189,099
Net investment gains (losses)484,527(1,554,643)857,090(1,913,042)
Products revenues784,882776,9591,362,8081,258,580
Services and other revenues672,291639,9921,238,1521,270,932
Total Operating Revenues4,142,5361,792,2077,785,9254,398,443
OPERATING EXPENSES    
Losses and loss adjustment expenses1,187,8761,058,8102,360,8902,031,182
Underwriting, acquisition and insurance expenses697,887609,4691,373,5921,199,834
Products expenses651,469697,7181,167,2251,145,537
Services and other expenses590,817557,4811,071,4361,147,372
Amortization of intangible assets44,423[1]45,523[2]88,822[3]91,572[4]
Total Operating Expenses3,172,4722,969,0016,061,9655,615,497
Operating Income (Loss)970,064(1,176,794)1,723,960(1,217,054)
Interest expense(47,221)(50,050)(96,659)(99,742)
Net foreign exchange gains (losses)(14,976)105,067(47,904)128,071
Income (Loss) Before Income Taxes907,867(1,121,777)1,579,397(1,188,725)
Income tax (expense) benefit(191,937)238,953(325,668)257,089
Net Income (Loss)715,930(882,824)1,253,729(931,636)
Net income attributable to noncontrolling interests(20,419)(32,972)(69,566)(35,901)
Net Income (Loss) to Shareholders695,511(915,796)1,184,163(967,537)
Preferred stock dividends(18,000)(18,000)(18,000)(18,000)
Net Income (Loss) to Common Shareholders677,511(933,796)1,166,163(985,537)
OTHER COMPREHENSIVE INCOME (LOSS)    
Net holding gains (losses) arising during the period(134,991)(362,392)26,215(883,592)
Reclassification adjustments for net losses included in net income (loss)4051,2613,3991,698
Change in net unrealized gains (losses) on available-for-sale investments, net of taxes(134,586)(361,131)29,614(881,894)
Change in discount rate for life and annuity benefits, net of taxes3,22463,198(5,828)123,891
Change in foreign currency translation adjustments, net of taxes361(4,275)2,940(5,523)
Change in net actuarial pension loss, net of taxes18373361,505
Total Other Comprehensive Income (Loss)(130,983)(301,835)26,762(762,021)
Comprehensive Income (Loss)584,947(1,184,659)1,280,491(1,693,657)
Comprehensive income attributable to noncontrolling interests(20,398)(33,029)(69,577)(35,945)
Comprehensive Income (Loss) to Shareholders$ 564,549$ (1,217,688)$ 1,210,914$ (1,729,602)
NET INCOME (LOSS) PER COMMON SHARE    
Basic$ 50.20$ (69.15)$ 87.50$ (75.56)
Diluted$ 50.09$ (69.15)[5]$ 87.34$ (75.56)[5]
[1]Segment profit for the Markel Ventures segment includes amortization of intangible assets attributable to Markel Ventures. Amortization of intangible assets attributable to the Company's underwriting segments, included in Other, was $9.3 million for the quarter ended June 30, 2023
[2]Segment profit for the Markel Ventures segment includes amortization of intangible assets attributable to Markel Ventures. Amortization of intangible assets attributable to the Company's underwriting segments, included in Other, was $9.6 million for the quarter ended June 30, 2022
[3]Segment profit for the Markel Ventures segment includes amortization of intangible assets attributable to Markel Ventures. Amortization of intangible assets attributable to the Company's underwriting segments, included in Other, was $18.8 million for the six months ended June 30, 2023.
[4]Segment profit for the Markel Ventures segment includes amortization of intangible assets attributable to Markel Ventures. Amortization of intangible assets attributable to the Company's underwriting segments, included in Other, was $19.4 million for the six months ended June 30, 2022.
[5]The impact of 31 thousand and 29 thousand shares from restricted stock units and restricted stock was excluded from the computation of diluted net loss per common share for the quarter and six months ended June 30, 2022, respectively, because the effect would have been anti-dilutive.

MKL Balance Sheet

2023-06-30
Consolidated Balance Sheets - USD ($)
$ in Thousands
Jun. 30, 2023
Dec. 31, 2022
Assets [Abstract]  
Fixed maturity securities, available-for-sale (amortized cost of $13,653,557 in 2023 and $12,805,887 in 2022)$ 12,745,692$ 11,856,835
Equity securities (cost of $3,282,591 in 2023 and $3,100,040 in 2022)8,688,8607,671,912
Short-term investments, available-for-sale (estimated fair value approximates cost)2,039,0612,669,262
Total Investments23,473,61322,198,009
Cash and cash equivalents4,305,8844,137,432
Restricted cash and cash equivalents935,0451,084,081
Receivables3,695,1722,961,056
Reinsurance recoverables8,296,0438,446,745
Deferred policy acquisition costs1,013,304925,483
Prepaid reinsurance premiums2,486,2032,066,114
Goodwill2,626,5882,638,838
Intangible assets1,677,6211,747,464
Other assets3,674,6603,586,037
Total Assets52,184,13349,791,259
Liabilities and Equity [Abstract]  
Unpaid losses and loss adjustment expenses21,374,81320,947,898
Life and annuity benefits643,572650,721
Unearned premiums7,072,1826,220,748
Payables to insurance and reinsurance companies972,194669,742
Senior long-term debt and other debt (estimated fair value of $3,299,000 in 2023 and $3,541,000 in 2022)3,813,9174,103,629
Other liabilities3,603,9323,461,482
Total Liabilities37,480,61036,054,220
Redeemable noncontrolling interests464,442523,154
Commitments and contingencies
Shareholders' equity:  
Preferred Stock591,891591,891
Common stock3,515,3623,493,893
Retained earnings10,818,9899,832,804
Accumulated other comprehensive loss(740,743)(767,494)
Total Shareholders' Equity14,185,49913,151,094
Noncontrolling interests53,58262,791
Total Equity14,239,08113,213,885
Total Liabilities and Equity$ 52,184,133$ 49,791,259
Thomas S. Gayner
20300
Markel Corporation, a diverse financial holding company, markets and underwrites specialty insurance products in the United States, Bermuda, the United Kingdom, rest of Europe, Canada, the Asia Pacific, and the Middle East. Its Insurance segment offers general and professional liability, personal lines, marine and energy, specialty programs, and workers' compensation insurance products; and property coverages that include fire, allied lines, and other specialized property coverages, including catastrophe-exposed property risks, such as earthquake and wind. This segment also offers credit and surety products, and collateral protection insurance products. The company's Reinsurance segment offers transaction, healthcare, and environmental impairment liability; and specialty treaty reinsurance products comprising structured and whole turnover credit, political risk, mortgage and contract, and commercial surety reinsurance programs. Its Markel Ventures segment provides equipment used in baking systems and food processing; portable dredges; over-the-road car haulers and transportation equipment; and laminated oak and composite wood flooring, tube and tank trailers, as well as ornamental plants and residential homes, handbags, and architectural products. This segment also provides consulting, and other types of services to businesses and consumers, including distribution of exterior building products, crane rental, fire protection, and life safety services, management and technology consulting, and retail intelligence services. The company's Other segment provides healthcare, leasing and investment services, as well as operates as an insurance and investment fund manager offering a range of investment products, including insurance-linked securities, catastrophe bonds, insurance swaps, and weather derivatives; and program services. it also manages funds with third parties. Markel Corporation was founded in 1930 and is based in Glen Allen, Virginia.