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Here's Why Hold Strategy is Apt for Markel Group Stock

Markel Group Inc. (NYSE: 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 favorable growth estimates. Growth Projections The Zacks Consensus Estimate for Markel Group's 2024 revenues is pegged at $14.95 billion, implying a year-over-year improvement of 4.6%. The consensus estimate for 2025 earnings per share and revenues indicates an increase of 21% and 5.6%, respectively, from the corresponding 2024 estimates. Earnings have grown 46.2% in the past five years, better than the industry average of 14.3%. Earnings Surprise History Markel Group has a decent earnings surprise history. It beat estimates in two of the last four quarters and missed twice, the average being 33.41%. Zacks Rank & Price Performance MKL currently carries a Zacks Rank #3 (Hold). The stock has gained 21.6% against the industry's decline of 0.7% in the past year. Image Source: Zacks Investment Research Return on Equity (ROE) Markel Group's trailing 12-month ROE was 11.2%, up 310 basis points year over year. ROE ...