Markel Corporation (NYSE:MKL) is reporting third quarter financial results on Tuesday 27th October 2020, after market close.
According to analysts surveyed by Thomson Reuters, MKL is expected to report 3Q20 income of $ 7.10 per share from revenue of $ 2209.45 million.
For the full year, analysts anticipate top line of $ 8213.63 million, while looking forward to income of $ 25.18 per share bottom line.
Previous Quarter Performance
Markel Corporation announced income for the second quarter of $ 65.75 per share, from the revenue of $ 3,132.00 million. The quarterly earnings developed 545.87 percent while revenues up 28.41 percent compared with the same quarter last year. The top line results outshined analysts by $ 587.79 million or 23.10 percent.
Stock Performance
Shares of Markel Corporation traded up $ 12.15 or 1.20 percent on Friday, reaching $ 1,027.00 with volume of 48.80 thousand shares. Markel Corporation has traded high as $ 1,031.86 and has cracked $ 1,011.86 on the downward trend
According to the previous trading day, closing price of $ 1,027.00, representing a 42.83 % increase from the 52 week low of $ 710.52 and a 24.69 % decrease over the 52 week high of $ 1347.64.
The company has a market capital of $ 14.15 billion and is part of the Financial Services sector and Insurance – Property & Casualty industry.
Markel Corporation, a diverse financial holding company, markets and underwrites specialty insurance products in the United States, the United Kingdom, Canada, and internationally. Its Insurance segment offers general and professional liability, property, personal lines, marine and energy, specialty programs, and workers compensation insurance products. This segment also offers contract, commercial, and court bonds; coverage on automobiles or other vehicles held as collateral for loans; coverages for horse mortality, theft, infertility, transit, and specified perils; crime coverage; property and liability package coverage to small and medium sized businesses; accident and health coverage; coverage for legal expenses; and short-term trade credit coverage for commercial risks.
