Markel Corporation (NYSE:MKL) – Analysts at Boenning Scattergood increased their Q1 2018 EPS estimates for Markel Corporation in a research report issued to clients and investors on Thursday, Zacks Investment Research reports. Boenning Scattergood analyst R. Farnam now forecasts that the insurance provider will post earnings per share of $8.17 for the quarter, up from their prior estimate of $8.09. Boenning Scattergood has a “Buy” rating on the stock. Boenning Scattergood also issued estimates for Markel Corporation’s Q2 2018 earnings at $6.51 EPS, Q3 2018 earnings at $6.18 EPS, Q4 2018 earnings at $8.13 EPS, FY2018 earnings at $29.00 EPS, Q1 2019 earnings at $8.09 EPS, Q2 2019 earnings at $6.50 EPS, Q3 2019 earnings at $6.27 EPS and FY2019 earnings at $29.00 EPS.
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Several other analysts also recently commented on MKL. ValuEngine raised shares of Markel Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. BidaskClub raised shares of Markel Corporation from a “hold” rating to a “buy” rating in a report on Thursday, August 3rd. Royal Bank of Canada reaffirmed a “hold” rating and set a $1,050.00 target price on shares of Markel Corporation in a report on Tuesday, October 3rd. Zacks Investment Research downgraded shares of Markel Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Finally, SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $1,100.00 target price on shares of Markel Corporation in a report on Friday, October 27th. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $1,066.67.
Markel Corporation (NYSE:MKL) opened at $1,063.41 on Friday. The company has a market cap of $14,590.00, a PE ratio of 352.96 and a beta of 1.05. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.55 and a quick ratio of 0.55. Markel Corporation has a 12-month low of $856.98 and a 12-month high of $1,105.23.
In other Markel Corporation news, CEO Richard R. Whitt III sold 600 shares of the business’s stock in a transaction dated Wednesday, August 23rd. The shares were sold at an average price of $1,045.93, for a total value of $627,558.00. Following the completion of the sale, the chief executive officer now owns 11,339 shares of the company’s stock, valued at approximately $11,859,800.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Anthony F. Markel sold 169 shares of the business’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $1,096.26, for a total transaction of $185,267.94. The disclosure for this sale can be found here. Insiders sold a total of 2,071 shares of company stock valued at $2,194,558 in the last three months. Insiders own 2.53% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN boosted its holdings in Markel Corporation by 1.4% in the 3rd quarter. Wells Fargo & Company MN now owns 76,310 shares of the insurance provider’s stock valued at $81,497,000 after purchasing an additional 1,022 shares during the period. Dai Ichi Life Insurance Company Ltd acquired a new position in shares of Markel Corporation in the 3rd quarter valued at approximately $216,000. Nuance Investments LLC raised its position in shares of Markel Corporation by 5.0% in the 3rd quarter. Nuance Investments LLC now owns 2,866 shares of the insurance provider’s stock valued at $3,061,000 after buying an additional 137 shares in the last quarter. Legal & General Group Plc raised its position in shares of Markel Corporation by 5.8% in the 3rd quarter. Legal & General Group Plc now owns 73,884 shares of the insurance provider’s stock valued at $78,908,000 after buying an additional 4,050 shares in the last quarter. Finally, Hosking Partners LLP raised its position in shares of Markel Corporation by 0.6% in the 3rd quarter. Hosking Partners LLP now owns 16,423 shares of the insurance provider’s stock valued at $17,539,000 after buying an additional 100 shares in the last quarter. 76.59% of the stock is owned by hedge funds and other institutional investors.
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.
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