MKL
Markel Group Inc.
NYSEUSDEQUITY
Financial Services
DELAYED
Sell
-28/100
Last price
1,738.33
▲ 11.75 (0.68%)
MARKET · —
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Open
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Prev close
1,726.58
Day high
1,749.18
Day low
1,720.09
Volume
96.00K
Market cap
$21.54B
P/E (TTM)
9.58
52W range
1,704.17 – 2,207.59
Trailing performance
Returnvs SPY
1W
-0.10%
-2.0%
1M
-4.84%
-6.0%
3M
-11.18%
-15.7%
6M
-8.78%
-27.0%
YTD
-19.13%
-33.4%
1Y
-10.44%
-26.9%
3Y
+18.05%
-64.2%
5Y
—
—
Price return only. Dividends are not reinvested, so total return on a dividend payer will be higher than shown.
Unusual options activity
Nothing crossed the thresholds in the expiries we scanned.
That is the normal state — most contracts trade well inside their existing open interest.
That is the normal state — most contracts trade well inside their existing open interest.
Contracts trading at or above their open interest, ranked by notional and where the print landed.
Free account
5 more panels on MKL open with an account.
Options chains and analytics, valuation ratios, insider filings, analyst targets and ownership. No card, no trial, nothing to cancel.
Insider net activity
Net shares
+932
Net buying
Buy transactions
11
1.01K shares
Sell transactions
1
76 shares
Net transactions
+12
Buys less sells
Sell : buy shares
0.1 : 1
Mixed
Insider-held shares
179.53K
Total on file
Insider transactions
| Date | Insider | Action | Shares | Value | Held |
|---|---|---|---|---|---|
| May 22, 26 | HARRIS GRETA J Director |
SELL | 76 | $140.40K | Direct |
| May 20, 26 | PUCKETT A LYNNE Director |
STOCK | 89 | $0 | Direct |
| May 20, 26 | MORRISON HAROLD LAWRENCE JR. Director |
STOCK | 89 | $0 | Direct |
| May 20, 26 | LEOPOLD DIANE Director |
STOCK | 89 | $0 | Direct |
| May 20, 26 | CUNNINGHAM LAWRENCE A Director |
STOCK | 89 | $0 | Direct |
| May 20, 26 | BESCA MARK M. Director |
STOCK | 89 | $0 | Direct |
| May 20, 26 | O REILLY MICHAEL Director |
STOCK | 89 | $0 | Direct |
| May 20, 26 | MICHAEL JONATHAN E Director |
STOCK | 89 | $0 | Direct |
| May 20, 26 | HARRIS GRETA J Director |
STOCK | 89 | $0 | Direct |
| May 20, 26 | HOUSEL MORGAN E. Director |
STOCK | 89 | $0 | Direct |
| May 7, 26 | LEOPOLD DIANE Director |
BUY | 150 | $268.72K | |
| May 1, 26 | PUCKETT A LYNNE Director |
BUY | 57 | $102.34K | Indirect |
| Feb 26, 26 | WILSON SIMON Officer |
SELL | 100 | $207.95K | Direct |
| Feb 24, 26 | GRINNAN RICHARD RANDOLPH Officer |
STOCK | 800 | $0 | Direct |
What this is, and what it is not
These are SEC Form 4 filings — officers, directors and 10% owners reporting their own trades in the company's stock. Filing is due within two business days of the transaction, so this lags reality by days, and the provider adds its own lag on top.
A sale is not automatically bearish. Executives sell on scheduled 10b5-1 plans, to cover tax on vesting equity, and to diversify. Purchases with cash are generally the more informative signal, and they are far rarer.
This does not include congressional or senate trading. That comes from STOCK Act disclosures filed with the Senate eFD system and the House Clerk, which this data source does not carry.
Officer and director trades in their own stock, straight from Form 4 filings.
Insider holders
| Name | Relation | Shares held | Latest |
|---|---|---|---|
CROWLEY ANDREW G. |
Officer | 2.95K | Stock Award(Grant) |
GAYNER THOMAS SINNICKSON |
Chief Executive Officer | 62.00K | Stock Award(Grant) |
GRANDIS MEADE P |
Officer | 6.94K | Stock Award(Grant) |
GRINNAN RICHARD RANDOLPH |
Officer | 4.38K | Stock Award(Grant) |
HEATON MICHAEL R |
Chief Operating Officer | 4.99K | Stock Award(Grant) |
LEOPOLD DIANE |
Director | 2.83K | Stock Award(Grant) |
MARKEL ANTHONY FOSTER |
Director | 73.66K | Stock Gift |
MARKEL STEVEN ANDREW |
Director | 77.43K | Sale |
NOBLE JEREMY ANDREW |
Officer | 5.13K | Stock Award(Grant) |
O REILLY MICHAEL |
Director | 3.84K | Stock Award(Grant) |
Fundamentals
Market cap$21.54B
Enterprise value$20.61B
Revenue (TTM)$16.60B
Gross profit$8.62B
EBITDA$3.43B
Net income$2.28B
EPS (TTM)$181.44
Free cash flow$-1.72B
Total cash$5.76B
Total debt$4.37B
Book value / share$1,531.53
Shares outstanding12.39M
Float12.06M
Short % of float2.27%
Dividend yield0.00%
Beta (5Y)0.64
Valuation & profitability ratios
Trailing P/E9.58
Forward P/E15.39
PEG ratio2.32
Price / sales—
Price / book1.14
EV / revenue1.24
EV / EBITDA6.01
Gross margin51.93%
Operating margin30.09%
Profit margin13.77%
Return on equity12.46%
Return on assets2.80%
Debt / equity22.43
Current ratio3.15
Fourteen ratios including P/E, PEG, EV/EBITDA, margins and return on equity.
Financial statements
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Total revenue | $16.33B | $16.75B | $15.71B | $11.81B | -2.5% |
| Operating revenue | $16.33B | $16.75B | $15.71B | $11.81B | -2.5% |
| Net interest income | -$205.91M | -$204.30M | -$185.08M | -$196.06M | -0.8% |
| Pre-tax income | $2.73B | $3.64B | $2.65B | -$151.57M | -24.9% |
| Tax provision | $580.30M | $790.29M | $552.62M | -$48.21M | -26.6% |
| Net income | $2.11B | $2.75B | $2.00B | -$216.28M | -23.3% |
| Net income to common | $2.14B | $2.60B | $1.97B | -$322.17M | -17.7% |
| Basic EPS | 169.74 | 199.69 | 147.32 | -23.57 | -15.0% |
| Diluted EPS | 169.22 | 199.32 | 146.98 | -23.57 | -15.1% |
| EBIT | $2.94B | $3.84B | $2.84B | $44.50M | -23.5% |
| Basic shares | 12.26M | 13.02M | 13.35M | 13.58M | -5.8% |
| Diluted shares | 12.30M | 13.04M | 13.38M | 13.58M | -5.7% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Cash & equivalents | $3.96B | $3.69B | $3.75B | $4.14B | +7.4% |
| Cash & short-term investments | $11.03B | $21.96B | $20.69B | $18.66B | -49.8% |
| Accounts receivable | $18.58B | $15.23B | $12.69B | $11.41B | +22.0% |
| Goodwill & intangibles | $4.37B | $4.20B | $4.21B | $4.39B | +4.0% |
| Total assets | $68.91B | $61.90B | $55.05B | $49.79B | +11.3% |
| Current debt | — | — | $0 | $249.94M | — |
| Long-term debt | $4.30B | $4.33B | $3.78B | $3.85B | -0.6% |
| Total debt | $4.30B | $4.33B | $3.78B | $4.10B | -0.6% |
| Total liabilities | $49.80B | $44.43B | $39.52B | $36.05B | +12.1% |
| Retained earnings | $15.03B | $13.38B | $11.35B | $9.83B | +12.4% |
| Shareholder equity | $18.60B | $16.92B | $14.98B | $13.15B | +9.9% |
| Net tangible assets | $14.23B | $12.72B | $10.77B | $8.76B | +11.9% |
| Shares issued | 12.59M | 12.59M | 13.13M | 13.42M | -0.0% |
| Line item | 2025 | 2024 | 2023 | 2022 | YoY |
|---|---|---|---|---|---|
| Net income | $2.15B | $2.85B | $2.10B | -$103.36M | -24.4% |
| Depreciation & amortisation | $347.92M | $342.36M | $319.73M | $309.45M | +1.6% |
| Change in working capital | $960.27M | $1.02B | $1.66B | $1.20B | -5.6% |
| Operating cash flow | $2.76B | $2.59B | $2.79B | $2.71B | +6.4% |
| Capital expenditure | -$206.89M | -$254.99M | -$258.62M | -$254.71M | +18.9% |
| Investing cash flow | -$1.19B | -$2.40B | -$2.70B | -$1.67B | +50.4% |
| Share buybacks | -$1.03B | -$572.73M | -$445.48M | -$290.80M | -79.8% |
| Dividends paid | -$18.00M | -$36.00M | -$36.00M | -$36.00M | +50.0% |
| Financing cash flow | -$1.21B | -$297.88M | -$999.72M | -$595.31M | -306.2% |
| Free cash flow | $2.55B | $2.34B | $2.53B | $2.45B | +9.2% |
| End cash position | $4.60B | $4.19B | $4.33B | $5.22B | +9.8% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Total revenue | $5.20B | $2.88B | $4.21B | $4.39B | $4.41B | +80.6% |
| Operating revenue | $5.20B | $2.88B | $4.21B | $4.39B | $4.41B | +80.6% |
| Net interest income | -$52.39M | -$50.89M | -$50.02M | -$50.68M | -$53.08M | -3.0% |
| Pre-tax income | $1.52B | -$269.94M | $734.16M | $978.44M | $862.36M | +662.5% |
| Tax provision | $332.87M | -$65.58M | $152.07M | $214.66M | $185.17M | +607.6% |
| Net income | $1.17B | -$212.29M | $576.81M | $751.34M | $657.15M | +650.6% |
| Net income to common | $1.17B | -$238.73M | $606.16M | $746.68M | $632.34M | +589.3% |
| Basic EPS | 93.08 | -18.90 | 48.95 | 59.44 | 49.80 | +592.5% |
| Diluted EPS | 92.76 | -18.90 | 48.75 | 59.25 | 49.67 | +590.8% |
| EBIT | $1.57B | -$219.05M | $784.17M | $1.03B | $915.43M | +817.1% |
| Basic shares | 12.55M | 12.63M | 11.78M | 12.56M | 12.70M | -0.6% |
| Diluted shares | 12.59M | 12.63M | 11.83M | 12.60M | 12.73M | -0.3% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Cash & equivalents | $3.42B | $3.68B | $3.96B | $4.05B | $3.72B | -7.0% |
| Cash & short-term investments | $10.96B | $10.86B | $11.03B | $10.85B | $10.27B | +0.9% |
| Accounts receivable | $19.94B | $19.00B | $18.58B | $17.26B | $17.34B | +4.9% |
| Goodwill & intangibles | $4.30B | $4.34B | $4.37B | $4.39B | $4.44B | -0.9% |
| Total assets | $71.26B | $68.60B | $68.91B | $67.39B | $66.79B | +3.9% |
| Long-term debt | $4.37B | $4.38B | $4.30B | $4.28B | $4.36B | -0.3% |
| Total debt | $4.37B | $4.38B | $4.30B | $4.28B | $4.36B | -0.3% |
| Total liabilities | $51.79B | $49.95B | $49.80B | $48.80B | $48.92B | +3.7% |
| Retained earnings | $15.59B | $14.66B | $15.03B | $14.51B | $13.84B | +6.4% |
| Shareholder equity | $19.01B | $18.13B | $18.60B | $18.04B | $17.32B | +4.8% |
| Net tangible assets | $14.71B | $13.80B | $14.23B | $13.65B | $12.87B | +6.6% |
| Shares issued | 12.41M | 12.53M | 12.59M | 12.62M | 12.65M | -1.0% |
| Line item | 2026-06-30 | 2026-03-31 | 2025-12-31 | 2025-09-30 | 2025-06-30 | YoY |
|---|---|---|---|---|---|---|
| Net income | $1.19B | -$204.36M | $582.09M | $763.79M | $677.18M | +680.1% |
| Operating cash flow | $428.87M | $15.91M | $662.19M | $1.22B | $504.40M | +2,595.3% |
| Capital expenditure | -$44.33M | -$47.27M | -$63.12M | -$52.42M | -$50.64M | +6.2% |
| Investing cash flow | -$197.32M | -$348.22M | -$554.01M | -$719.30M | -$109.41M | +43.3% |
| Share buybacks | -$236.72M | -$133.93M | -$85.50M | -$74.39M | -$699.35M | -76.7% |
| Dividends paid | — | — | $0 | $0 | — | — |
| Financing cash flow | -$341.93M | -$79.55M | -$111.48M | -$170.83M | -$821.95M | -329.8% |
| Free cash flow | $384.54M | -$31.35M | $599.07M | $1.17B | $453.76M | +1,326.5% |
| End cash position | $4.07B | $4.18B | $4.60B | $4.62B | $4.30B | -2.7% |
Options analytics
Put / call volume
0.25
Call-heavy session
Put / call open interest
0.59
Positioning, not flow
Max pain
1,780.00
+2.4% from spot
ATM implied vol
0.2%
Nearest strike to spot
Skew (10% OTM)
+62.9%
Puts bid over calls
Call volume
171
Contracts, this expiry
Put volume
42
Contracts, this expiry
Heaviest call OI
1,900.00
34 contracts
Heaviest put OI
1,720.00
60 contracts
Max pain is the strike at which the largest dollar value of open contracts expires worthless. It describes current positioning; it is not a forecast and it moves as open interest changes.
Put/call ratios, max pain, implied volatility skew and where open interest is concentrated.
Earnings
Reported vs expected · EPS
| Quarter | Est. | Actual | Surprise |
|---|---|---|---|
| Jun 2026 | 30.57 | 19.79 | -35.3% |
| Mar 2026 | 26.34 | 23.55 | -10.6% |
| Dec 2025 | 25.73 | 37.41 | +45.4% |
| Sep 2025 | 23.77 | 31.61 | +33.0% |
Forward consensus
| Period | EPS | Analysts | Revenue | Growth |
|---|---|---|---|---|
| Current quarter | 27.15 | 4 | $3.78B | -4.0% |
| Next quarter | 28.06 | 3 | $3.80B | -5.3% |
| Current year | 94.08 | 5 | $15.93B | +2.7% |
| Next year | 112.95 | 6 | $15.93B | -0.0% |
Analyst targets & ownership
Mean target$1,933.17
High target$2,107.00
Low target$1,532.00
Implied upside11.21%
Analyst count6
ConsensusNONE
Strong buy / Buy0 / 0
Hold6
Sell / Strong sell1 / 0
Held by insiders1.45%
Held by institutions80.37%
Institutions holding1.21K
Price targets, consensus spread, insider and institutional ownership.
Moving averages & technicals
SMA 10
1,732.60
+0.33% from price
SMA 20
1,757.76
-1.11% from price
SMA 50
1,810.16
-3.97% from price
SMA 100
1,850.57
-6.06% from price
SMA 200
1,924.90
-9.69% from price
EMA 12
1,742.25
-0.22% from price
EMA 26
1,766.58
-1.60% from price
EMA 50
1,799.99
-3.43% from price
RSI (14)
40.3
Neutral
MACD (12,26,9)
-24.34
Hist 0.82
ATR (14)
25.35
1.46% of price
Realised vol 30D
12.6%
Annualised
Bollinger upper
1,811.23
20, 2σ
Bollinger lower
1,704.29
20, 2σ
50 / 200 cross
Death
1,810.16 vs 1,924.90
Trend bias
Below 200
-9.69%
Options chain
Calls
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Puts
| Strike | Last | Bid | Ask | Vol | OI | IV |
|---|---|---|---|---|---|---|
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
| 000.00 | 0.00 | 0.00 | 0.00 | 0 | 0 | 0.0% |
Every listed expiry, both sides of the book, with volume, open interest and implied volatility.
Risk profile
Beta vs SPY
0.09
Less volatile than market
Correlation to SPY
0.06
Largely independent
Realised vol 30D
12.6%
Annualised
Market vol 1Y
13.0%
SPY, annualised
Max drawdown 1Y
-21.9%
Peak to trough
Max drawdown 5Y
-28.9%
Peak to trough
ATR 14
25.35
1.46% of price
Beta (reported)
0.64
5Y monthly, from filing
Short interest
Shares short
278.70K
Prior 234.97K
Change vs prior
+18.6%
Shorts adding
% of float
2.27%
Normal
% of shares out
2.25%
Against total outstanding
Days to cover
4.6
Liquid
Float
12.06M
Freely tradeable shares
Exchanges publish short interest twice a month with a settlement lag, so this is roughly two weeks behind. Days to cover divides shares short by average daily volume — it estimates how long covering would take, not whether it will happen.
Rating changes
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Apr 30, 26 | Truist Securities | MAINTAINED | Hold | Hold |
| Feb 6, 26 | Truist Securities | MAINTAINED | Hold | Hold |
| Feb 7, 25 | RBC Capital | MAINTAINED | Sector Perform | Sector Perform |
| Dec 2, 24 | TD Cowen | DOWNGRADE | Buy | Hold |
| Nov 1, 24 | RBC Capital | MAINTAINED | Sector Perform | Sector Perform |
| Oct 9, 24 | Jefferies | MAINTAINED | Hold | Hold |
| Jul 23, 24 | Citigroup | MAINTAINED | Sell | Sell |
| Jul 9, 24 | TD Cowen | INITIATED | — | Buy |
| May 3, 24 | RBC Capital | MAINTAINED | Sector Perform | Sector Perform |
| May 3, 24 | Truist Securities | MAINTAINED | Hold | Hold |
| Mar 15, 24 | Janney Montgomery Scott | DOWNGRADE | Buy | Neutral |
| Feb 5, 24 | Jefferies | DOWNGRADE | Buy | Hold |
Dividends & splits
Forward rate—
Forward yield0.00%
5-year avg yield—
Payout ratio0.00%
Ex-dividend date—
Next pay date—
Last split—
Split date—
SEC filings
Corporate Changes & Voting Matters
8-K · 2026-09-08
Annual Report of Proxy Voting Record of Registered Management Investment Companies filed on Form N-PX
N-PX · 2026-08-28
Periodic Financial Reports
10-Q · 2026-07-29
Annual report of employee stock purchase
11-K · 2026-06-11
Specialized Disclosure Report filed pursuant to Section 1502 of the Dodd-Frank Wall Street Reform and Consumer Protection Act relating to the use of conflict minerals (Rule 13p-1)
SD · 2026-05-29
Corporate Changes & Voting Matters
8-K · 2026-05-22
Corporate Changes & Voting Matters
8-K · 2026-05-20
Periodic Financial Reports
10-Q · 2026-04-28
Headlines
Is Markel Group (MKL) Reasonable Given Its Excess Return Outlook?
Simply Wall St. · 11d ago
1 Mid-Cap Stock on Our Buy List and 2 We Brush Off
StockStory · 12d ago
Markel Group (MKL) Names Two Leaders For Marine Transportation Unit
Simply Wall St. · 12d ago
Arcadian Risk Capital Expands into Excess Casualty in the US With the Appointment of Matthew Mullen
Business Wire · 15d ago
Is Markel the New Berkshire Hathaway Blueprint for Value Investors Post-Buffett?
24/7 Wall St. · 18d ago
Markel International appoints Nick Rugg to Head of Financial Institutions & Fintech - PFR & Cyber, International
PR Newswire · 20d ago
Markel International appoints Nick Rugg to Head of Financial Institutions & Fintech - PFR & Cyber, International
CNW Group · 20d ago
Markel Is Built Like a Smaller Berkshire Hathaway. Its Stock Sits 18% Below Its 52-Week High.
Motley Fool · 20d ago
PRIVATE STRATEGY · BY QUALIFICATION
The same data. A different seat.
The research you are reading is the input layer for a discretionary options program we run for a small number of qualified investors. Minimum $1,000,000.