Q3 2017 Earnings Forecast for Markel Corporation Issued By William Blair (MKL)

Markel Corporation (NYSE:MKL) – Analysts at William Blair decreased their Q3 2017 earnings estimates for Markel Corporation in a research note issued on Monday. William Blair analyst A. Klauber now anticipates that the insurance provider will post earnings per share of ($18.23) for the quarter, down from their prior forecast of $6.79. William Blair also issued estimates for Markel Corporation’s Q4 2017 earnings at $7.95 EPS and FY2018 earnings at $23.93 EPS.

Other research analysts also recently issued research reports about the stock. BidaskClub downgraded shares of Markel Corporation from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Boenning Scattergood set a $1,050.00 target price on shares of Markel Corporation and gave the stock a “buy” rating in a report on Wednesday, July 26th. Zacks Investment Research downgraded shares of Markel Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Royal Bank Of Canada reiterated a “hold” rating and issued a $1,050.00 target price on shares of Markel Corporation in a report on Tuesday, October 3rd. Finally, ValuEngine upgraded shares of Markel Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Markel Corporation has an average rating of “Hold” and an average target price of $1,050.00.

ILLEGAL ACTIVITY NOTICE: This report was originally published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are reading this report on another domain, it was illegally stolen and republished in violation of international copyright & trademark laws. The legal version of this report can be viewed at https://www.dispatchtribunal.com/2017/10/29/q3-2017-earnings-forecast-for-markel-corporation-issued-by-william-blair-mkl.html.

Markel Corporation (NYSE:MKL) opened at 1063.35 on Thursday. The stock has a market capitalization of $14.79 billion, a PE ratio of 36.77 and a beta of 1.03. The firm has a 50-day moving average of $1,057.09 and a 200-day moving average of $1,009.64. Markel Corporation has a 52-week low of $811.05 and a 52-week high of $1,105.23.

Markel Corporation (NYSE:MKL) last posted its quarterly earnings data on Wednesday, July 26th. The insurance provider reported $9.94 earnings per share for the quarter, beating analysts’ consensus estimates of $6.27 by $3.67. The company had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Markel Corporation had a net margin of 7.58% and a return on equity of 4.81%.

In other news, insider Alan I. Kirshner sold 100 shares of the business’s stock in a transaction dated Thursday, August 3rd. The shares were sold at an average price of $1,054.03, for a total transaction of $105,403.00. Following the transaction, the insider now owns 25,555 shares in the company, valued at approximately $26,935,736.65. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Vice Chairman Steven A. Markel sold 3,875 shares of the business’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $1,074.48, for a total transaction of $4,163,610.00. Following the transaction, the insider now owns 109,650 shares in the company, valued at approximately $117,816,732. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,227 shares of company stock worth $6,655,526. Insiders own 2.53% of the company’s stock.

Several large investors have recently bought and sold shares of MKL. Vanguard Group Inc. increased its holdings in shares of Markel Corporation by 2.6% during the 2nd quarter. Vanguard Group Inc. now owns 1,129,189 shares of the insurance provider’s stock worth $1,101,931,000 after purchasing an additional 28,104 shares during the period. Marathon Asset Management LLP increased its holdings in shares of Markel Corporation by 177.7% during the 2nd quarter. Marathon Asset Management LLP now owns 39,013 shares of the insurance provider’s stock worth $38,066,000 after purchasing an additional 24,962 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Markel Corporation by 3.7% during the 2nd quarter. Principal Financial Group Inc. now owns 659,167 shares of the insurance provider’s stock worth $643,254,000 after purchasing an additional 23,417 shares during the period. Victory Capital Management Inc. increased its holdings in shares of Markel Corporation by 14.9% during the 2nd quarter. Victory Capital Management Inc. now owns 152,757 shares of the insurance provider’s stock worth $149,069,000 after purchasing an additional 19,799 shares during the period. Finally, Archford Capital Strategies LLC increased its holdings in shares of Markel Corporation by 34,592.5% during the 2nd quarter. Archford Capital Strategies LLC now owns 13,877 shares of the insurance provider’s stock worth $204,000 after purchasing an additional 13,837 shares during the period. Institutional investors own 76.47% of the company’s stock.

Markel Corporation Company Profile

Markel Corporation is a financial holding company serving a range of markets. The Company’s principal business markets and underwrites specialty insurance products. It monitors and reports its ongoing underwriting operations in three segments: U.S. Insurance, International Insurance and Reinsurance. The Company, through its subsidiary Markel Ventures, Inc (Markel Ventures), owns interests in various industrial and service businesses that operate outside of the specialty insurance marketplace.

Earnings History and Estimates for Markel Corporation (NYSE:MKL)

Receive News & Ratings for Markel Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Markel Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply