MKL Stock Summary and Trading Ideas (Markel Group | NYSE:MKL)

Markel's primary business is property and casualty insurance, and the company focuses primarily on specialty lines, ranging from areas such as executive liability to commercial equine insurance. The acquisition of Alterra in 2013 added substantial reinsurance operations, which now account for a little less than 15% of premiums. The company uses capital generated by its insurance operations to buy noninsurance operations in diverse areas, such as bakery equipment manufacturing and residential homebuilding.

Markel Group trades on the NYSE stock market under the symbol MKL.

As of April 24, 2024, MKL stock price declined to $1,462.36 with 36,933 million shares trading.

MKL has a beta of 0.09, meaning it tends to be less sensitive to market movements. MKL has a correlation of 0.00 to the broad based SPY ETF.

MKL has a market cap of $19.17 billion. This is considered a Large Cap stock.

Last quarter Markel Group reported $5 billion in Revenue and $56.48 earnings per share. This beat revenue expectation by $882 million and exceeded earnings estimates by $35.12.

In the last 3 years, MKL stock traded as high as $1,560.00 and as low as $1,064.09.

The top ETF exchange traded funds that MKL belongs to (by Net Assets): VTI, VO, VXF, VTV, USMV.

MKL has underperformed the market in the last year with a return of +10.0%, while the SPY ETF gained +24.2%. In the last 3 month period, MKL fell short of the market, returning +0.3%, while SPY returned +4.6%. However, in the most recent 2 weeks MKL has outperformed the stock market by returning -1.9%, while SPY returned -2.7%.

MKL support price is $1,462.33 and resistance is $1,496.97 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that MKL stock will trade within this expected range on the day.