Markets
News
Analysis
User
24/7
Economic Calendar
Education
Data
- Names
- Latest
- Prev
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
A:--
F: --
A:--
F: --
A:--
F: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
P: --
A:--
F: --
A:--
F: --
A:--
F: --
P: --
A:--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
--
F: --
P: --
No matching data
Latest Views
Latest Views
Trending Topics
To quickly learn market dynamics and follow market focuses in 15 min.
In the world of mankind, there will not be a statement without any position, nor a remark without any purpose.
Inflation, exchange rates, and the economy shape the policy decisions of central banks; the attitudes and words of central bank officials also influence the actions of market traders.
Money makes the world go round and currency is a permanent commodity. The forex market is full of surprises and expectations.
Top Columnists
Enjoy exciting activities, right here at FastBull.
The latest breaking news and the global financial events.
I have 5 years of experience in financial analysis, especially in aspects of macro developments and medium and long-term trend judgment. My focus is maily on the developments of the Middle East, emerging markets, coal, wheat and other agricultural products.
BeingTrader chief Trading Coach & Speaker, 8+ years of experience in the forex market trading mainly XAUUSD, EUR/USD, GBP/USD, USD/JPY, and Crude Oil. A confident trader and analyst who aims to explore various opportunities and guide investors in the market. As an analyst I am looking to enhance the trader’s experience by supporting them with sufficient data and signals.
Latest Update
Risk Warning on Trading HK Stocks
Despite Hong Kong's robust legal and regulatory framework, its stock market still faces unique risks and challenges, such as currency fluctuations due to the Hong Kong dollar's peg to the US dollar and the impact of mainland China's policy changes and economic conditions on Hong Kong stocks.
HK Stock Trading Fees and Taxation
Trading costs in the Hong Kong stock market include transaction fees, stamp duty, settlement charges, and currency conversion fees for foreign investors. Additionally, taxes may apply based on local regulations.
HK Non-Essential Consumer Goods Industry
The Hong Kong stock market encompasses non-essential consumption sectors like automotive, education, tourism, catering, and apparel. Of the 643 listed companies, 35% are mainland Chinese, making up 65% of the total market capitalization. Thus, it's heavily influenced by the Chinese economy.
HK Real Estate Industry
In recent years, the real estate and construction sector's share in the Hong Kong stock index has notably decreased. Nevertheless, as of 2022, it retains around 10% market share, covering real estate development, construction engineering, investment, and property management.
Hongkong, China
Ho Chi Minh, Vietnam
Dubai, UAE
Lagos, Nigeria
Cairo, Egypt
White Label
Data API
Web Plug-ins
Affiliate Program
View All
No data
Not Logged In
Log in to access more features
FastBull Membership
Not yet
Purchase
Log In
Sign Up
Hongkong, China
Ho Chi Minh, Vietnam
Dubai, UAE
Lagos, Nigeria
Cairo, Egypt
White Label
Data API
Web Plug-ins
Affiliate Program
Markel Group Inc. MKL shares have gained 11% in the year-to-date period against the industry’s decline of 8.8%. Currently priced at $1,574.83, the stock is below its 52-week high of $1,670.24. This proximity underscores investor confidence and market optimism about this insurance company’s prospects.
MKL Outperforms Industry
Earnings of Markel Group grew 46.2% in the last five years, better than the industry average of 14.4%. MKL has a solid surprise history. It surpassed earnings estimates in two of the last four quarters while missing in the other two, the average being 35.4%.
MKL Trading Above 50-Day Moving Average
The stock is trading above its 50-day and 200-day simple moving average (SMA) of $1,564.30 and $1,512.55, respectively, indicating solid upward momentum. SMA is a widely used technical analysis tool to predict future price trends by analyzing historical price data.
Mixed Analyst Sentiment for MKL
Three of the five analysts covering the stock have raised estimates for 2024 and one of the six analysts has raised estimates for 2024 over the past 30 days. Two analysts have lowered estimates for 2025.
The consensus estimate for 2024 and 2025 earnings indicates an improvement of 3.6% and 0.1%, respectively.
While the consensus estimate for 2024 indicates a 39.3% decline from the year-ago reported figure, the consensus estimate for 2025 indicates an increase of 12.4%.
Markel Group’s Favorable Return on Capital
MKL’s return on invested capital (ROIC) has increased every year. This reflects MKL’s efficiency in utilizing funds to generate income. ROIC in the trailing 12 months was 7.7%, higher than the industry average of 3.6%.
Factors Benefiting MKL Stock
MKL has been generating improved premiums. An improvement in new business volume, strong retention levels, continued increases in rates and expanded product offerings should help the insurer retain the momentum.
Investment income should continue to benefit from an improving rate environment, higher interest income on cash equivalents, fixed maturity securities and short-term investments due to higher yields.
Markel Group considers strategic buyouts a prudent approach to ramp up its growth profile. Acquisitions have helped the company enhance its surety capabilities, ramp up Markel Ventures’ revenues and expand its reinsurance product offerings. The insurer has been pursuing acquisitions to achieve profitable growth in insurance operations and create additional value on a diversified basis in Markel Ventures’ operations.
Higher revenues at construction services and transportation-related businesses due to a combination of increased demand, higher prices and growth, as well as a rise in production at one of the equipment manufacturing businesses, are expected to boost operating revenues. The increase also reflected a full-year contribution from Metromont.
Distribution of Wealth
Banking on a strong capital position, the company engages in share buybacks, a prudent way to distribute wealth to its shareholders. However, it presently prefers to invest in organic growth initiatives for its Insurance business. The company has a share repurchase program authorized by the board to buy back up to $750 million of shares. As of June 30, 2024, $456.2 million remained available for repurchases under the program. Also, given its solid cash position of $3.5 billion, the company should not face any difficulty in meeting short-term obligations.
Risks for Markel Group
However, Markel Group is exposed to catastrophe loss, inducing volatility in underwriting results. Exposure to cat loss always remains a concern, given its unprecedented nature. Also, the company has been experiencing an increase in operating expenses due to higher losses and loss adjustment expenses, underwriting, acquisition and insurance expenses. MKL should strive to ensure that growth in total revenues outpaces the rise in expenses. Otherwise, the operating margin is likely to suffer.
MKL Shares Are Affordable
Markel Group is trading at a discount compared with the industry average. It presents a compelling investment opportunity with its attractive forward 12-month price-to-book ratio of 1.33X, lower than the industry average of 4.19X. Also, it has a Value Score of A.
However, shares of other players from the same space, such as 3M Company MMM, Honeywell International Inc. HON and Griffon Corporation GFF, are trading at a premium compared with the industry’s average.
Final Take on MKL
Given the company's strong stock performance, solid retention levels, an improving rate environment, favorable growth estimates and solid capital position, current shareholders may find it wise to hold onto MKL shares. Markel Group's new business volume, prudent capital deployment and affordability of the stock present significant growth opportunities. Markel Group currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Zacks Investment Research
Canada NewsWire
LONDON, Sept. 10, 2024
LONDON, Sept. 10, 2024 /CNW/ -- Markel, the insurance operations within Markel Group Inc. (NYSE: MKL), today announced the launch of its new FintechRisk+ insurance policy, underlining its long-term commitment to provide market-leading coverage and service solutions for fintech companies in an increasingly complex market.
Markel's FintechRisk+ policy provides financial services and technology liability, directors and officers (D&O) liability, theft and cyber protection for UK and international fintech businesses with limits up to USD $20 million. The policy offers enhanced business interruption (BI) coverage, as well as several new cyber extensions, including betterment, crypto jacking, reward coverage and telecom fraud.
UK policyholders taking out FintechRisk+ will also have unlimited access to Markel's Tax and Legal advisory services, which include a 24/7 help line for business and employment matters, debt recovery support, contract reviews, as well as help with grants, funding and R&D tax relief consultancy, among other benefits. In addition to those services, insureds can access online cyber training and a cyber risk management toolkit via Markel's eRisk Hub, so they can manage their risk exposures effectively.
Nick Rugg, Head of Fintech and Investment Management Insurance (IMI) at Markel, commented: "Risks in the cyber and fintech markets have evolved rapidly since the inception of our original Fintech policy eight years ago. The pervasive issue of ransomware poses a significant problem for day-to-day cyber security where threat actors have netted millions in ransom payments from businesses who have fallen victim to their attacks."
He elaborated: "We believe that it's more important than ever, businesses have insurance providers who not only deploy capacity, but also act as trusted, long-term risk management partners when it comes to the identification and mitigation of risk. That's why we've been actively looking at ways to enhance our offering to fintech companies by providing both enhanced insurance coverage, as well as value-add services for our insureds, backed by Markel's award-winning claims service and best-in-class underwriting."
About MarkelWe are Markel, a leading global specialty insurer with a truly people-first approach. As the insurance operations within Markel Group Inc. (NYSE: MKL), we operate the Markel Specialty, Markel International, and Markel Global Reinsurance divisions, as well as State National, our portfolio protection and program services operations, and Nephila, our insurance-linked securities operations. Our broad array of capabilities and expertise allow us to create intelligent solutions for the most complex risk management needs. However, it is our people – and the deep, valued relationships they develop with colleagues, brokers and clients – that differentiates us worldwide.
View original content to download multimedia:https://www.prnewswire.com/news-releases/markel-launches-fintechrisk-to-offer-enhanced-cyber-coverage-and-support-services-for-fintechs-302243341.htmlSOURCE Markel
Keywords: MARKEL-FintechRisk+
Sept 4 (Reuters) - Markel Group Inc MKL.N:
JAMIE MULLARKEY NAMED MARKEL'S GLOBAL EXECUTIVE UNDERWRITING OFFICER FOR PROPERTY AND FIRST PARTY LINES
Source text for Eikon: (Full Story)
Further company coverage: MKL.N
Canada NewsWire
LONDON, Sept. 3, 2024
LONDON, Sept. 3, 2024 /CNW/ -- Markel, the insurance operations within Markel Group Inc. (NYSE:MKL), today announced the appointment of Rhys O'Neill as Senior Underwriter, Marine & Energy Liability, International Specialty, with immediate effect.
In his new role, O'Neill will be responsible for enhancing best-in-class underwriting strategies for renewing and new business within Markel's Marine & Energy Liability International Wholesale book of business and maintaining and strengthening strong relationships with key stakeholders, including clients, partners and internal teams. O'Neill will be based in London and report to Grant Smith, who was recently hired as Director, Marine & Energy Liability, International Specialty.
Speaking about the new appointment, Smith commented: "In an increasingly risky and litigious world, the need for marine and energy companies to work with an insurance partner that's able to help them identify, mitigate and transfer their liability exposures has never been higher.
"I'm therefore delighted to welcome Rhys to the Marine & Energy Liability team at Markel. I'm confident that his experience and strong industry network will significantly add to bench strength we already have in the team, enabling us to provide our clients and partners with the superior underwriting solutions and the support they need to mitigate and transfer their evolving risks."
Tom Hillier, Managing Director, International Specialty, at Markel, added: "When we established the Specialty practice within our International Wholesale business last year, we set out an ambitious plan for our Marine & Energy Liability team that would see us further establish ourselves as a leader in the market. Investing in talent is an important part of our strategy and Rhys's deep understanding of marine liability insurance and strong network will help us in achieving our goals."
O'Neill joins Markel from QBE, where he worked as a marine liability underwriter since October 2022, managing a diverse portfolio of risks across various marine liability lines. Previously, he'd worked as an underwriter at The Standard Club since December 2013, writing predominantly European-based business. He began his career in insurance with RGL Forensics in September 2012.
About Markel
We are Markel, a leading global specialty insurer with a truly people-first approach. As the insurance operations within Markel Group Inc. (NYSE: MKL), we operate the Markel Specialty, Markel International, and Markel Global Reinsurance divisions, as well as State National, our portfolio protection and program services operations, and Nephila, our insurance-linked securities operations. Our broad array of capabilities and expertise allow us to create intelligent solutions for the most complex risk management needs. However, it is our people—and the deep, valued relationships they develop with colleagues, brokers and clients—that differentiates us worldwide.
View original content to download multimedia:https://www.prnewswire.com/news-releases/markel-appoints-rhys-oneill-as-senior-underwriter-marine--energy-liability-in-international-specialty-302235988.html
SOURCE Markel
Keywords: MARKEL-Personnel
It has been about a month since the last earnings report for Markel Group . Shares have added about 1.6% in that time frame, underperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Markel Group due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.
Markel's Q2 Earnings Beat Estimates, Revenues Miss
Markel Group Inc. reported second-quarter 2024 net operating earnings per share of $25.95, which beat the Zacks Consensus Estimate by 25%. The bottom line increased 15.7% year over year. Markel witnessed improved earned premiums and increased net investment income.
Quarterly Operational Update
Total operating revenues of $3.8 billion missed the Zacks Consensus Estimate by 0.6%. The top line, however, rose 4.7% year over year. Earned premiums increased 2.3% to $2.1 billion in the reported quarter.
Net investment income increased 31.4% year over year to $223 million in the second quarter. Total operating expenses increased 3.8% to $3.3 billion, owing to higher losses and loss adjustment expenses, underwriting, acquisition and insurance expenses, product expenses, and services and other expenses. MKL’s combined ratio deteriorated 70 basis points (bps) year over year to 93.5 in the reported quarter.
Segment Update
Insurance: Gross premiums increased 2% year over year to $2.5 billion. The uptick was driven by new business growth and more favorable rates within personal lines, programs, marine and energy and property product lines. Underwriting profit came in at $133 million, down 1% year over year. The combined ratio deteriorated 30 bps year over year to 92.9
Reinsurance: Gross premiums increased 50% year over year to $420.7 billion. The increase can be attributed to the impact of favorable timing differences and increases in renewals due to increased participation within professional liability product lines. Underwriting profit was $1.3 million, down 91% year over year. The combined ratio deteriorated 520 bps year over year to 99.5 in the second quarter of 2024.
Markel Ventures: Operating revenues of $1.5 billion improved 5% year over year. The growth was driven by higher revenues across many of its product businesses due in part to increased demand.
Operating income of $177.5 million increased 4% year over year, driven by the positive impact of consumer and building products businesses, which witnessed higher revenues and operating margins as a result of declines in the cost of materials, freight and labor.
Financial Update
Markel exited the second quarter of 2024 with cash and cash equivalents of $4.2 billion, down 2.7% from the 2023 end level. The debt balance increased 16.4% year over year to $4.4 billion as of Jun 30, 2024 from 2023 end level.
Shareholders' equity was $15.8 billion at second-quarter 2024 end, up 5.8% from 2023 end. Net cash provided by operating activities was $1.2 billion in the first half, up 19.9% year over year, reflecting higher net premium collections.
How Have Estimates Been Moving Since Then?
In the past month, investors have witnessed a downward trend in estimates revision.
VGM Scores
Currently, Markel Group has a subpar Growth Score of D, a grade with the same score on the momentum front. However, the stock was allocated a grade of A on the value side, putting it in the top 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of C. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Markel Group has a Zacks Rank #3 (Hold). We expect an in-line return from the stock in the next few months.
Performance of an Industry Player
Markel Group belongs to the Zacks Diversified Operations industry. Another stock from the same industry, 3M , has gained 5.1% over the past month. More than a month has passed since the company reported results for the quarter ended June 2024.
3M reported revenues of $6.26 billion in the last reported quarter, representing a year-over-year change of -24.9%. EPS of $1.93 for the same period compares with $2.17 a year ago.
For the current quarter, 3M is expected to post earnings of $1.92 per share, indicating a change of -28.4% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.
3M has a Zacks Rank #3 (Hold) based on the overall direction and magnitude of estimate revisions. Additionally, the stock has a VGM Score of F.
Zacks Investment Research
White Label
Data API
Web Plug-ins
Poster Maker
Affiliate Program
The risk of loss in trading financial instruments such as stocks, FX, commodities, futures, bonds, ETFs and crypto can be substantial. You may sustain a total loss of the funds that you deposit with your broker. Therefore, you should carefully consider whether such trading is suitable for you in light of your circumstances and financial resources.
No decision to invest should be made without thoroughly conducting due diligence by yourself or consulting with your financial advisors. Our web content might not suit you since we don't know your financial conditions and investment needs. Our financial information might have latency or contain inaccuracy, so you should be fully responsible for any of your trading and investment decisions. The company will not be responsible for your capital loss.
Without getting permission from the website, you are not allowed to copy the website's graphics, texts, or trademarks. Intellectual property rights in the content or data incorporated into this website belong to its providers and exchange merchants.