Markel is thought of as a "mini Berkshire Hathaway," but it hasn't performed quite as well.
MKL Markel Group Inc.
XNYS 1858.62 DelayedStock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
MKL
$1858.62
—
Key stats
$1858.62
- 52-Week Range
- $1704.17 – $2207.59
- YTD
- -12.76%
- IV Rank (30D)
- 65.87
- Straddle Price
- $83.90
- P/C Vol Ratio
- 0.18
- Market Cap
- $23.2B
- Open
- $1866.08
- Day Range
- $1855.65 – $1873.07
- Volume
- 49,972
- Prev Close
- $1874.00
Fair Value
MODEL: LONG
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 4.96% |
| Beta vs SPY | 0.70 |
| Cost of Equity (CAPM) | 8.48% (VRP-adj) |
| WACC | 8.10% |
| Volatility Risk Premium | +11.6pp (IV − HV30) |
| Effective Tax Rate | 21.4% |
| Rev. Growth (YoY, DCF input) | -0.1% |
| DCF Horizon | 10 years explicit + fade |
| Free Cash Flow (TTM) | $2.1B |
| Return on Equity (TTM) | 12.0% |
| Book / Price | 80.4% — banking bias active (P/B is primary) |
| Bank Quality Adj | ×0.81 (target ROE vs peer median) |
| Gross Margin (TTM) | 48.3% |
| FCF Margin (TTM) | 13.7% |
| Debt / Equity | 0.23 |
| Quality Score | 2/6 — normal (10y DCF) |
| Market-Implied Growth | -4.9% (reverse-DCF on current price) |
| SMA 50 | $1793.12 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $1797.51 |
| Bollinger Width / SMA20 | 0.8% (drives anchor stability) |
| Net Debt | $0.9B |
| Market Cap | $24B |
Peers used for multiples: BRK.B, CB, COF, L, PGR, RNR, TRV
(filtered from 8 ETF-co-members; sector bias active)
60-Day Conviction
56%
20-Day Fair Value
≈ by Nov 25, 2026
$1875.50
α +0.9%
rank 6%
conviction
54%
40-Day Fair Value
≈ by Dec 24, 2026
$1910.91
α +2.8%
rank 8%
conviction
83%
60-Day Fair Value
≈ by Jan 22, 2027
$1890.54
α +1.7%
rank 6%
conviction
56%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | $2546.55 | 20% | |
| DDM (Gordon) | n/a | 0% | |
| Peer P/E | $1786.95 | 6% | median 12.2× · 7 peers |
| Peer EV/EBITDA | n/a | 0% | median 10.3× · 7 peers |
| Peer P/B | $2334.51 | 9% | median 1.6× · 7 peers |
| Peer P/S | $1553.65 | 3% | median 1.6× · 7 peers |
| Market Anchor (SMA50) | $1793.12 | 41% | stability 100% (BB-width) |
| Options Expected (B-L 30d) | $1880.03 | 20% | 42 strikes · skew -0.49 |
As of 2026-10-27 · updated
Related
About
- Industry (SIC)
- FIRE, MARINE & CASUALTY INSURANCE (6331) · industry map
- Exchange
- XNYS
- Market Cap
- $23.2B
- Employees
- 22,900
- List Date
- 1986-12-19
- CIK
- 0001096343
- Next Earnings
- 2026-10-28 (After-Close)
- EPS Forecast
- $27.93 (1 est.)
- Headquarters
- Glen Allen, VA
- Homepage
- https://www.mklgroup.com
Markel's primary business is property-casualty insurance. The company focuses primarily on specialty lines, ranging from areas such as executive liability to commercial equine insurance. The company uses capital generated by its insurance operations to buy noninsurance operations in diverse areas, such as bakery equipment manufacturing and residential homebuilding.
Summary
—
composite
—
No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | -5.05% | 0.76% | 6.58% | 4.24% | 6.49% | -4.21% | 1.47% |
| Feb | 9.98% | -1.59% | -5.09% | 6.98% | 6.23% | 1.89% | 3.07% |
| Mar | 3.02% | 20.27% | -3.79% | 1.86% | -2.55% | -8.01% | 1.80% |
| Apr | 1.68% | -9.37% | 5.56% | -3.34% | -2.22% | -6.84% | -2.42% |
| May | 2.91% | 1.53% | -4.37% | 11.19% | 6.42% | 2.04% | 3.29% |
| Jun | -3.45% | -5.45% | 3.91% | -3.40% | 1.93% | 9.13% | 0.45% |
| Jul | -0.63% | -1.87% | 5.82% | 4.03% | 0.71% | -2.50% | 0.93% |
| Aug | 5.30% | -6.49% | 3.05% | 2.19% | 1.51% | -4.05% | 0.25% |
| Sep | -5.83% | -9.51% | -1.18% | -0.42% | -1.88% | -4.72% | -3.92% |
| Oct | 9.26% | 6.81% | 0.72% | -1.95% | 4.73% | 7.68%* | 4.54% |
| Nov | -9.21% | 9.76% | -3.59% | 15.40% | 6.41% | -- | 3.75% |
| Dec | 3.87% | -2.02% | -0.36% | -2.17% | 3.67% | -- | 0.60% |
| Total | 10.35% | -1.04% | 6.44% | 38.20% | 35.51% | -10.60% | 13.14% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $1803.44
SMA 50: $1794.31
SMA 200: $1900.02
Current: $1858.62
EMA 12: $1846.22
EMA 26: $1818.82
MACD: 27.3972 | Signal: 9.4340
BULLISH
ADX (14): 34.29
TREND
+DI: 28.51
−DI: 14.73
Momentum Oscillators
RSI (14): 59.39
NEUTRAL
Stoch %K: 77.84
Stoch %D: 84.26
Williams %R: -27.06
Volume & Volatility
BB Upper: $1927.85
BB Lower: $1679.03
NEUTRAL
OBV: 753,768
Vol SMA 20: 71,533
Vol ROC: -1.57%
ATR: $28.93
True Range: $18.35
HV 20: 18.3%
HV 30: 16.2%
HV 60: 15.7%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-29T00:00:00 – 2026-10-27T00:00:00
AI Analysis
LLM Stock Analysis Report
Executive Summary
BULLISH (Confidence Level: 6/10)
Key drivers:
- Strong technical trend in place, with momentum indicators flashing a buy signal
- Positive recent news headlines, highlighting the company's long-term growth potential
- Low volatility and beta indicate a relatively stable investment environment
Primary risks:
- Overbought conditions on RSI and Stochastic Oscillators may lead to a pullback
- Earnings season approaching, with market expectations building for Q2 results
Investment thesis: MKL is a quality stock with a strong technical trend, favorable recent news headlines, and relatively low volatility. While there are some risks to consider, the overall bullish momentum makes it an attractive investment opportunity.
Recent news sentiment impact: The positive sentiment from recent headlines (92% positive) has contributed to the stock's upward move, with investors reacting favorably to articles highlighting the company's long-term growth potential.
Technical Analysis
Trend Direction: Short-term: Bullish, Medium-term: Bullish, Long-term: Bullish
Support/Resistance Levels:
- Lower band: $1781.05 (support)
- Middle band: $1817.66 (resistance)
- Upper band: $1854.27 (resistance)
Momentum Signals:
- RSI (14): 46.65 (neutral, but trending upward)
- MACD: -18.85 / Signal: 6.25 / Histogram: -25.10 (bearish, but momentum is waning)
- Bollinger Bands: Price touching upper band = overbought
Volume Analysis: Volume SMA 20: 60361.01; On-Balance Volume (OBV): 1319143.13; Volume Rate of Change: -24.64%
News & Sentiment Analysis
Recent Headlines Summary: 5 positive news headlines, highlighting the company's long-term growth potential and its reputation as a financial powerhouse.
Sentiment Assessment: Aggregate sentiment is 92% positive, with investors reacting favorably to recent news articles.
Catalyst Identification: Upcoming earnings season, product launches, and regulatory changes may influence market expectations and drive price movements.
Risk & Volatility Assessment
Beta Interpretation: Beta: 0.09 (low volatility), indicating a relatively stable investment environment.
Volatility Regime: Current vs historical volatility levels: Low volatility, with HV20 at 16.4% and HV30 at 24.0%.
Options Market Signals:
- IV Rank: 52.2% (Medium - shows if volatility is historically high/low)
- Current IV: 28.9%
- Expected Move: $83.85 (42 DTE), 7-DTE: $46.00
- Volume Flow: 98 calls vs 40 puts
- Open Interest: 309 calls vs 73 puts
- Put/Call Volume Ratio: 0.41 (Bullish sentiment)
- Put/Call OI Ratio: 0.24
Downside Protection: Support levels and risk management considerations:
- Lower band: $1781.05 (support)
- Middle band: $1817.66 (resistance)
Market Context & Positioning
Sector Performance: Relative strength vs sector/market: Insurance sector has been performing relatively well, with MKL outperforming its peers.
Institutional Activity: Volume patterns suggesting institutional interest:
- Volume SMA 20: 60361.01
- OBV: 1319143.13
- Volume Rate of Change: -24.64%
Correlation Analysis: How stock moves relative to market (R-squared interpretation): Correlation coefficient is 0.06, indicating a relatively low correlation with the broader market.
Relative Valuation: Position within trading range:
- Current price: $1826.72
- Upper band: $1854.27 (resistance)
- Middle band: $1817.66 (resistance)
Key Levels & Action Items
Critical Price Levels:
- Lower band: $1781.05 (support)
- Middle band: $1817.66 (resistance)
- Upper band: $1854.27 (resistance)
Breakout/Breakdown Levels: Technical levels that could trigger significant moves:
- SMA 20: $1817.66
- SMA 50: $1894.58
Time-Sensitive Catalysts: Earnings dates, FDA approvals, product launches:
- Upcoming earnings season may influence market expectations and drive price movements.
Risk Management: Stop-loss levels and position sizing considerations:
- Consider setting a stop-loss at the lower band ($1781.05) to manage risk.
- Position size should be adjusted based on individual risk tolerance and market conditions.
Generated
News
All MKL news →
Earnings History
3 of 6 under expected move
Avg Expected Move
4.49%
Avg Actual Move
5.35%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2021-02-02 | After-Close | 4.74% | 3.96% | 0.84x | Within |
| 2022-02-02 | After-Close | 2.56% | 2.42% | 0.95x | Within |
| 2024-01-31 | After-Close | 3.91% | 6.83% | 1.75x | Exceeded |
| 2025-02-05 | After-Close | 5.42% | 10.74% | 1.98x | Exceeded |
| 2025-10-29 | After-Close | 5.53% | 6.14% | 1.11x | Exceeded |
| 2026-02-04 | After-Close | 4.80% | 1.99% | 0.41x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
MKL Options Activity & IV Rank
MKL IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 21.2%
7-DTE IV: —
Expected Move: $83.90
7-DTE Move: $83.90
Days to Exp: 24 (2026-11-20)
Options Flow
Call Volume: 191
Put Volume: 34
P/C Volume: 0.178
BULLISH
Call OI: 197
Put OI: 110
P/C OI: 0.558
Total OI: 307
ATM Options Pricing
ATM Call: $45.45
ATM Put: $38.45
Call %: 2.4%
Put %: 2.1%
Chain Summary
Chain Volume: 741
Chain OI: 1,008
Last Updated: 10/27/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Dealer Positioning
TYPICAL γ
Estimated net dealer gamma is at the 40th percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
40%
vs own history
GEX tilt
+0.42
OI-weighted, today
Vanna tilt
+0.45
δ-sensitivity to IV
Charm tilt
-0.21
δ-decay vs time
Vanna tilt +0.45: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
? What is this?
· 15 ATM contracts, 0k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
as of Oct 26 · No data
30 DTE / 10d
100%
+18.2
pts
EXTREME
as of Oct 26 · ATM 22.2% / Wing 40.5%
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)65.9MediumOct 27
Straddle Price (30 DTE)$83.90Oct 27
Beta Analysis
Risk Metrics
Beta: 0.0228
Alpha: 0.29%
Correlation: 0.0149
R-Squared: 0.0%
Stock Volatility: 19.4%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Low volatility - stock moves less than market
Beta & Alpha Over Time
Notable investors who own MKL
5 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Millennium Management Hedge fund Izzy Englander | $58.1M | #545 of 3716 | +97.4% | 13F | |
| Renaissance Technologies Hedge fund Jim Simons | $49.4M | #336 of 3138 | -26.9% | 13F | |
| Citadel Hedge fund Ken Griffin | $19.9M | #1157 of 6285 | +122.6% | 13F | |
| Point72 Hedge fund Steve Cohen | $15.2M | #646 of 1945 | -8.0% | 13F | |
| Rockefeller Capital Management Family office Rockefeller family | $6.1M | #886 of 4729 | -0.8% | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
MKL Institutional Ownership (13F)
Latest filings — 2026-09-30
? 13F Guide
Diluted shares outstanding: 12,618,000 (as of 2026-06-30)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
9 filers$271.69M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $87.49M | 32.20% | 2026-06-30 |
| 2 | D. E. Shaw & Co., Inc. Custodian | $64.84M | 23.87% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $42.58M | 15.67% | 2026-06-30 |
| 4 | Twin Tree Management, LP | $29.69M | 10.93% | 2026-06-30 |
| 5 | Wolverine Trading, LLC Custodian | $20.15M | 7.41% | 2025-09-30 |
| 6 | Jane Street Group, LLC Custodian | $14.06M | 5.18% | 2026-06-30 |
| 7 | Squarepoint Ops LLC | $9.37M | 3.45% | 2026-06-30 |
| 8 | Simplex Trading, LLC Custodian | $2.73M | 1.01% | 2026-06-30 |
| 9 | Walleye Trading LLC | $781.20K | 0.29% | 2026-06-30 |
7 filers$91.31M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Citadel Advisors LLC Custodian | $30.08M | 32.94% | 2026-06-30 |
| 2 | Susquehanna International Group, LLP Custodian | $22.65M | 24.81% | 2026-06-30 |
| 3 | Chapman Investment Management, LLC | $18.14M | 19.87% | 2026-06-30 |
| 4 | Wolverine Trading, LLC Custodian | $9.50M | 10.41% | 2025-09-30 |
| 5 | Jane Street Group, LLC Custodian | $9.37M | 10.27% | 2026-06-30 |
| 6 | Squarepoint Ops LLC | $1.17M | 1.28% | 2026-06-30 |
| 7 | Walleye Trading LLC | $390.60K | 0.43% | 2026-06-30 |
MKL Insider Trading (Form 4)
Latest: 2026-10-16Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-10-16 | Brian J. Costanzo | Chief Financial Officer | Other (J) | +2 | $1455.58 | $3.0K | EDGAR |
| 2026-07-16 | Brian J. Costanzo | Chief Financial Officer | Other (J) | +2 | $1617.19 | $3.5K | EDGAR |
| 2026-07-16 | Andrew G. Crowley | EVP & Pres., Markel Ventures | Other (J) | +10 | $1699.50 | $17.5K | EDGAR |
| 2026-06-17 | Jonathan E Michael | Director | Other (J) | +65 | $1668.65 | $110.0K | EDGAR |
| 2026-06-17 | Michael Oreilly | Director | Other (J) | +89 | $1668.65 | $150.0K | EDGAR |
| 2026-06-17 | Morgan E. Housel | Director | Other (J) | +65 | $1668.65 | $110.0K | EDGAR |
| 2026-06-17 | Harold Lawrence Morrison Jr. | Director | Other (J) | +32 | $1668.65 | $55.0K | EDGAR |
| 2026-06-17 | Mark Besca | Director | Other (J) | +80 | $1668.65 | $135.0K | EDGAR |
| 2026-06-17 | A. Lynne Puckett | Director | Other (J) | +65 | $1668.65 | $110.0K | EDGAR |
| 2026-06-17 | Diane Leopold | Director | Other (J) | +65 | $1668.65 | $110.0K | EDGAR |
| 2026-06-17 | Lawrence A Cunningham | Director | Other (J) | +32 | $1668.65 | $55.0K | EDGAR |
| 2026-05-27 | Greta J Harris | Director | Sell (S) | −76 | $1847.31 | -$140.4K | EDGAR |
| 2026-05-22 | Diane Leopold | Director | Award (A) | +89 | — | EDGAR | |
| 2026-05-22 | A. Lynne Puckett | Director | Award (A) | +89 | — | EDGAR | |
| 2026-05-22 | Morgan E. Housel | Director | Award (A) | +89 | — | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
MKL Insider Holdings
19 insiders · @ $1858.62
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Steven A Markel | Director | 62,558 | $116.27M | -$73.47M | 110 | 2025-12-15 |
| 2 | Thomas Sinnickson Gayner | Chief Executive Officer | 56,682 | $105.35M | -$2.99M | 51 | 2026-05-19 |
| 3 | Anthony F Markel | Director | 17,443 | $32.42M | -$3.33M | 62 | 2025-02-25 |
| 4 | Jeremy Andrew Noble | President, Insurance | 5,129 | $9.53M | $0 | 30 | 2025-02-20 |
| 5 | Michael R Heaton | EVP & Chief Operating Officer | 4,869 | $9.05M | $0 | 26 | 2025-12-03 |
| 6 | Richard Randolph Grinnan | SVP, Chief Legal Officer & Sec | 4,267 | $7.93M | $0 | 20 | 2026-05-19 |
| 7 | Michael Oreilly | Director | 3,934 | $7.31M | $0 | 25 | 2026-06-17 |
| 8 | Andrew G. Crowley | EVP & Pres., Markel Ventures | 2,955 | $5.49M | $0 | 32 | 2026-07-16 |
| 9 | Diane Leopold | Director | 2,895 | $5.38M | $469.6K | 20 | 2026-06-17 |
| 10 | Simon Wilson | EVP and CEO, Markel Insurance | 2,496 | $4.64M | -$363.4K | 6 | 2026-02-26 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
MKL Board & Officers
As of SEC filings through Oct 16, 2026Directors 11
- Steven A Markel · on file since 2006
- Michael Oreilly · since May 1, 2013
- Thomas Sinnickson Gayner · listed since Feb 2017
- Diane Leopold · since May 14, 2018
- Harold Lawrence Morrison Jr. · since Jan 1, 2020
- A. Lynne Puckett · since Aug 20, 2020
- Mark Besca · since Nov 18, 2020
- Greta J Harris · since May 10, 2021
- Morgan E. Housel · since Nov 16, 2021
- Lawrence A Cunningham · since May 17, 2023
- Jonathan E Michael · since Mar 15, 2025
Officers 6
- Thomas Sinnickson Gayner · Co-Chief Executive Officer · listed since Jan 2016
- Simon Wilson · CEO, Markel Insurance · since Mar 17, 2025
- Brian J. Costanzo · Chief Financial Officer · listed since Jan 2024
- Richard Randolph Grinnan · SVP, Chief Legal Officer & Sec · listed since Feb 2020
- Andrew G. Crowley · EVP & Pres., Markel Ventures · listed since Feb 2026
- Meade P. Grandis · CAO and Controller · since Dec 18, 2023
Changes in the last 10 years (39)
| Feb 26, 2026 | Andrew G. Crowley listed as EVP & Pres., Markel Ventures (previously President, Markel Ventures) in SEC filings |
| Feb 21, 2026 | The company announced the departure of Michael R Heaton as EVP & Chief Operating Officer in an SEC filing |
| Mar 17, 2025 | The company announced the departure of Anthony F Markel from the board in an SEC filing |
| Mar 17, 2025 | Simon Wilson became CEO, Markel Insurance |
| Mar 15, 2025 | Jonathan E Michael became a director |
| Jul 17, 2024 | Michael R Heaton listed as EVP & Chief Operating Officer (previously Executive Vice President) in SEC filings |
| Jan 17, 2024 | Brian J. Costanzo listed as Chief Financial Officer (previously SVP, Finance, CAO & Controller) in SEC filings |
| Dec 18, 2023 | The company announced the departure of Teresa S Gendron as Chief Financial Officer in an SEC filing |
| Dec 18, 2023 | Meade P. Grandis became CAO and Controller |
| May 17, 2023 | Lawrence A Cunningham became a director |
| May 16, 2023 | The company announced the departure of Robert C Cox as Pres. & COO, Insur. Operations in an SEC filing |
| Mar 20, 2023 | Teresa S Gendron became Chief Financial Officer |
| Feb 15, 2023 | Jeremy Andrew Noble listed as President, Insurance (previously SVP & CFO) in SEC filings |
| Feb 15, 2023 | Brian J. Costanzo listed as SVP, Finance, CAO & Controller (previously CAO and Controller) in SEC filings |
| Dec 7, 2022 | Michael R Heaton listed as Executive Vice President (previously President, Markel Ventures) in SEC filings |
| Aug 18, 2022 | The company announced the departure of Richard R Whitt III from the board in an SEC filing |
| May 3, 2022 | The company announced the departure of Richard R Whitt III as Co-Chief Executive Officer in an SEC filing |
| May 3, 2022 | Andrew G. Crowley became President, Markel Ventures |
| Nov 16, 2021 | Morgan E. Housel became a director |
| Aug 18, 2021 | Brian J. Costanzo became CAO and Controller |
| May 10, 2021 | Greta J Harris became a director |
| Feb 9, 2021 | Steven A Markel no longer listed as Vice Chairman in SEC filings |
| Feb 8, 2021 | Anthony F Markel no longer listed as Vice Chairman in SEC filings |
| Nov 18, 2020 | Mark Besca became a director |
| Sep 1, 2020 | Susan L. Davies became CHRO, Markel Insurance |
| Aug 20, 2020 | A. Lynne Puckett became a director |
| May 11, 2020 | Oscar Guerrero became Chief Accounting Officer |
| Feb 20, 2020 | Richard Randolph Grinnan listed as SVP, Chief Legal Officer & Sec (previously General Counsel & Secretary) in SEC filings |
| Jan 1, 2020 | Harold Lawrence Morrison Jr. became a director |
| Feb 13, 2019 | Jay M Weinberg reported in an SEC filing no longer being a director |
| Dec 7, 2018 | Bradley James Kiscaden listed as Pres/Chief Admin Off-Ins Ops (previously EVP & Chief Actuarial Officer) in SEC filings |
| Sep 5, 2018 | Robert C Cox became Pres. & COO, Insur. Operations |
| Sep 5, 2018 | Richard Randolph Grinnan became General Counsel & Secretary |
| Sep 5, 2018 | Michael R Heaton became President, Markel Ventures |
| Sep 5, 2018 | Linda V Schreiner became SVP, Strategic Management |
| Sep 5, 2018 | Jeremy Andrew Noble became SVP & CFO |
| May 14, 2018 | Diane Leopold became a director |
| Feb 23, 2017 | Thomas Sinnickson Gayner first listed as a director in an SEC filing |
| Dec 8, 2016 | F. Michael Crowley listed as Vice Chairman (previously President) in SEC filings |
Not reported recently (18)
- Jeremy Andrew Noble · Last reported as President, Insurance in an SEC filing dated Feb 20, 2025
- K Bruce Connell · Last reported as a director in an SEC filing dated Jul 14, 2023
- Susan L. Davies · Last reported as CHRO, Markel Insurance in an SEC filing dated Dec 16, 2022
- Bradley James Kiscaden · Last reported as Pres/Chief Admin Off-Ins Ops in an SEC filing dated Feb 17, 2022
- Linda V Schreiner · Last reported as SVP, Strategic Management in an SEC filing dated Dec 9, 2021
- Lemuel E Lewis · Last reported as a director in an SEC filing dated May 17, 2021
- Oscar Guerrero · Last reported as Chief Accounting Officer in an SEC filing dated Feb 18, 2021
- Stewart M Kasen · Last reported as a director in an SEC filing dated Nov 5, 2020
- Darrell D Martin · Last reported as a director in an SEC filing dated May 12, 2020
- Debora J Wilson · Last reported as a director in an SEC filing dated May 4, 2020
- Alan I Kirshner · Last reported as a director in an SEC filing dated Apr 9, 2020
- Nora N Crouch · Last reported as Chief Accounting Officer in an SEC filing dated Feb 20, 2020
- Michael Jay Schewel · Last reported as a director in an SEC filing dated Jan 17, 2020
- J Alfred Broaddus Jr · Last reported as a director in an SEC filing dated May 16, 2018
- Britton L. Glisson · Last reported as Chf Admin Off-Pres Global Ins in an SEC filing dated Feb 23, 2018
- Anne G Waleski · Last reported as Exec Vice President and CFO in an SEC filing dated Feb 23, 2018
- F. Michael Crowley · Last reported as Vice Chairman in an SEC filing dated Dec 7, 2017
- Douglas C Eby · Last reported as a director in an SEC filing dated May 16, 2017
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
MKL Proposed Insider Sales (Form 144)
Latest: 2026-05-22
? Form 144 Guide
Last 30d:
0 filings
· Last 90d:
0 filings
What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.
How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.
10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.
"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.
Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.
| Filed | Filer | Role | Shares | Notice Value | Planned Sale | Broker | Plan | Link |
|---|---|---|---|---|---|---|---|---|
| 2026-05-22 | Harris Greta J | Director | 76 | $140.4K | 2026-05-22 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2025-12-11 | MARKEL STEVEN A | Director | 1,330 | $2.82M | 2025-12-11 | Fidelity Brokerage Services LLC | 10b5-1 | EDGAR |
| 2025-11-28 | MARKEL STEVEN A | Director | 100 | $210.0K | 2025-11-28 | Fidelity Brokerage Services LLC | 10b5-1 | EDGAR |
| 2025-11-26 | MARKEL STEVEN A | Director | 70 | $147.0K | 2025-11-26 | Fidelity Brokerage Services LLC | 10b5-1 | EDGAR |
| 2025-05-23 | Harris Greta J | Director | 90 | $167.5K | 2025-05-23 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2025-02-25 | MARKEL STEVEN A | Director | 1,054 | $1.97M | 2025-02-25 | Fidelity Brokerage Services LLC | 10b5-1 | EDGAR |
| 2025-02-24 | MARKEL STEVEN A | Director | 1,146 | $2.13M | 2025-02-24 | Fidelity Brokerage Services LLC | 10b5-1 | EDGAR |
| 2025-02-21 | MARKEL STEVEN A | Director | 800 | $1.49M | 2025-02-21 | Fidelity Brokerage Services LLC | 10b5-1 | EDGAR |
| 2024-05-24 | Harris Greta J | Director | 122 | $197.7K | 2024-05-24 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2024-05-21 | MARKEL STEVEN A | Director | 3,000 | $4.92M | 2024-05-21 | Fidelity Brokerage Services LLC | 10b5-1 | EDGAR |
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
Recent SEC Filings
Latest: 2026-05-22
Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).
| Filing Date | Accession | Link |
|---|---|---|
| 2026-05-22 | 0001096343-26-000050 | EDGAR |
| 2026-05-20 | 0001096343-26-000046 | EDGAR |
| 2026-02-26 | 0001096343-26-000018 | EDGAR |
| 2026-02-26 | 0001096343-26-000021 | EDGAR |
| 2026-02-04 | 0001096343-26-000008 | EDGAR |
| 2025-10-29 | 0001096343-25-000154 | EDGAR |
| 2025-06-04 | 0001096343-25-000093 | EDGAR |
| 2025-05-23 | 0001096343-25-000084 | EDGAR |
| 2025-05-05 | 0001096343-25-000068 | EDGAR |
| 2025-04-22 | 0001096343-25-000058 | EDGAR |
Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.
| Filing Date | Accession | Link |
|---|---|---|
| 2026-02-26 | 0001096343-26-000020 | EDGAR |
| 2025-02-24 | 0001096343-25-000027 | EDGAR |
| 2024-02-23 | 0001096343-24-000025 | EDGAR |
| 2023-02-17 | 0001096343-23-000033 | EDGAR |
| 2022-02-18 | 0001096343-22-000039 | EDGAR |
| 2021-02-19 | 0001096343-21-000032 | EDGAR |
| 2020-02-21 | 0001096343-20-000039 | EDGAR |
| 2019-02-28 | 0001096343-19-000074 | EDGAR |
| 2018-02-23 | 0001096343-18-000042 | EDGAR |
| 2017-02-24 | 0001096343-17-000046 | EDGAR |
Quarterly report — unaudited financials and MD&A. Filed 40–45 days after each of the first three fiscal quarters.
| Filing Date | Accession | Link |
|---|---|---|
| 2026-04-28 | 0001096343-26-000041 | EDGAR |
| 2025-10-29 | 0001096343-25-000153 | EDGAR |
| 2025-07-30 | 0001096343-25-000123 | EDGAR |
| 2025-04-30 | 0001096343-25-000061 | EDGAR |
| 2024-10-30 | 0001096343-24-000123 | EDGAR |
| 2024-07-31 | 0001096343-24-000106 | EDGAR |
| 2024-05-01 | 0001096343-24-000057 | EDGAR |
| 2023-11-01 | 0001096343-23-000201 | EDGAR |
| 2023-08-02 | 0001096343-23-000171 | EDGAR |
| 2023-04-26 | 0001096343-23-000069 | EDGAR |
ETF Holders
160 ETFs hold MKL
25 shown · $2.30B total exposure · 0.09% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | VTI Vanguard Morningstar Total Stock Market ETF | Vanguard | 0.03% | $638.6M | — | 2026-09-30 |
| 2 | VO Vanguard Morningstar Mid-Cap ETF | Vanguard | 0.20% | $431.6M | — | 2026-09-30 |
| 3 | VXF Vanguard Extended Market ETF | Vanguard | 0.26% | $238.7M | — | 2026-09-30 |
| 4 | VTV Vanguard Morningstar Value ETF | Vanguard | 0.08% | $192.0M | — | 2026-09-30 |
| 5 | IWR iShares Russell Mid-Cap ETF | iShares (BlackRock) | 0.17% | $97.7M | $57.8B | 2026-10-26 |
| 6 | VOT Vanguard Morningstar Mid-Cap Growth ETF | Vanguard | 0.24% | $79.1M | — | 2026-09-30 |
| 7 | VOE Vanguard Morningstar Mid-Cap Value ETF | Vanguard | 0.17% | $62.9M | — | 2026-09-30 |
| 8 | DUSA Davis Select U.S. Equity ETF | Nport | 4.60% | $58.5M | — | 2026-07-31 |
| 9 | DFAC Dimensional US Core Equity 2 ETF | Dimensional | 0.06% | $55.5M | — | 2026-10-26 |
| 10 | IWD iShares Russell 1000 Value ETF | iShares (BlackRock) | 0.06% | $50.9M | $83.0B | 2026-10-26 |
| 11 | SCHG Schwab U.S. Large-Cap Growth ETF | Nport | 0.08% | $48.9M | — | 2026-05-31 |
| 12 | VFH Vanguard Financials ETF | Vanguard | 0.26% | $35.4M | — | 2026-09-30 |
| 13 | KAT Scharf ETF | Nport | 5.40% | $35.1M | — | 2026-06-30 |
| 14 | IWS iShares Russell Mid-Cap Value ETF | iShares (BlackRock) | 0.22% | $34.3M | $15.2B | 2026-10-26 |
| 15 | ITOT iShares Core S&P Total U.S. Stock Market ETF | iShares (BlackRock) | 0.03% | $30.2M | $97.1B | 2026-10-26 |
| 16 | DFNL Davis Select Financial ETF | Nport | 5.77% | $27.7M | — | 2026-07-31 |
| 17 | SCHX Schwab U.S. Large-Cap ETF | Nport | 0.03% | $24.1M | — | 2026-05-31 |
| 18 | VV Vanguard Morningstar Large-Cap ETF | Vanguard | 0.03% | $23.8M | — | 2026-09-30 |
| 19 | GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF | Goldman | 0.15% | $23.1M | $15.1B | 2026-10-26 |
| 20 | DCOR Dimensional US Core Equity 1 ETF | Dimensional | 0.05% | $22.0M | — | 2026-10-26 |
| 21 | FXO First Trust Financials AlphaDEX® Fund | First Trust | 1.73% | $18.3M | $1.1B | 2026-10-26 |
| 22 | DWLD Davis Select Worldwide ETF | Nport | 2.97% | $18.2M | — | 2026-07-31 |
| 23 | VT Vanguard Total World Stock ETF | Vanguard | 0.02% | $17.9M | — | 2026-09-30 |
| 24 | DFUV Dimensional US Marketwide Value ETF | Dimensional | 0.11% | $17.4M | $15.6B | 2026-10-26 |
| 25 | IWB iShares Russell 1000 ETF | iShares (BlackRock) | 0.03% | $16.0M | $49.0B | 2026-10-26 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
10.23
TTM Diluted EPS
$181.73
TTM Revenue
$15.43B
TTM Net Income
$2.28B
TTM Op. Cash Flow
$2.33B
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q2 '26 | 2026-06-30 | $4.02B | $1.17B | $92.76 | $428.87M |
| Q4 '25 | 2025-12-31 | $4.22B | $606.16M | $48.62 | $662.19M |
| Q3 '25 | 2025-09-30 | $4.37B | $746.68M | $59.25 | $1.22B |
| Q2 '25 | 2025-06-30 | $4.02B | $632.34M | $49.67 | $504.40M |
| Q1 '25 | 2025-03-31 | $3.40B | $155.06M | $12.08 | $376.19M |
| Q4 '24 | 2024-12-31 | $3.84B | $500.75M | $38.90 | $493.94M |
| Q3 '24 | 2024-09-30 | $4.61B | $862.39M | $66.25 | $890.78M |
| Q2 '24 | 2024-06-30 | $3.70B | $243.60M | $18.62 | $578.62M |
| Q1 '24 | 2024-03-31 | $4.47B | $992.58M | $75.43 | $630.65M |
| Q4 '23 | 2023-12-31 | $4.64B | $750.43M | $56.29 | $822.53M |
| Q3 '23 | 2023-09-30 | $3.38B | $41.96M | $3.14 | $955.66M |
| Q2 '23 | 2023-06-30 | $4.14B | $671.75M | $50.09 | $724.44M |
Q2 2026 • period ending 2026-06-30 • filed 2026-07-29
Valuation
Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.
Price Multiples
- P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
- P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
- P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
- EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
- EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
- ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
- ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
- Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
- FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
- Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
- Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
- Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
- Multiples expanding while earnings are flat = sentiment-driven rally.
- Multiples compressing while earnings grow = value coming from fundamentals.
P/E
10.23
P/B
1.23
P/S
1.52
EV/EBITDA
11.25
EV/Sales
1.58
ROE
12.0%
ROA
3.2%
Div Yield
0.00%
FCF Yield
9.92%
Debt/Equity
0.23
Current Ratio
—
Market Cap
$23.45B
as of 2026-10-27
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
276.78K
SI % of Float
2.26%
Days to Cover
3.48
Short Vol Ratio
49.4%
Free Float
12.25M
Float %
98.9%
Short interest 2026-09-30 • Short volume 2026-10-27 • Float 2026-08-13