Markel Corporation (NYSE:MKL) – Equities researchers at William Blair boosted their Q4 2017 earnings per share (EPS) estimates for Markel Corporation in a report issued on Sunday, Zacks Investment Research reports. William Blair analyst A. Klauber now forecasts that the insurance provider will post earnings per share of $8.74 for the quarter, up from their previous forecast of $7.95. William Blair also issued estimates for Markel Corporation’s Q1 2018 earnings at $7.15 EPS, Q2 2018 earnings at $5.72 EPS, Q3 2018 earnings at $6.76 EPS, Q4 2018 earnings at $7.85 EPS, FY2018 earnings at $27.49 EPS and FY2019 earnings at $25.58 EPS.
MKL has been the topic of a number of other reports. Zacks Investment Research downgraded shares of Markel Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Boenning Scattergood reiterated a “buy” rating on shares of Markel Corporation in a research note on Thursday, October 26th. BidaskClub upgraded shares of Markel Corporation from a “hold” rating to a “buy” rating in a research note on Thursday, August 3rd. Royal Bank Of Canada reiterated a “hold” rating and set a $1,050.00 price objective on shares of Markel Corporation in a research note on Tuesday, October 3rd. Finally, SunTrust Banks, Inc. reiterated a “hold” rating and set a $1,100.00 price objective on shares of Markel Corporation in a research note on Friday, October 27th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $1,066.67.
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Shares of Markel Corporation (NYSE MKL) traded down $13.11 during trading on Wednesday, reaching $1,063.41. 24,700 shares of the company’s stock were exchanged, compared to its average volume of 25,471. The firm has a market capitalization of $14,772.89, a P/E ratio of 348.66 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.
Institutional investors and hedge funds have recently bought and sold shares of the company. Proficio Capital Partners LLC boosted its stake in shares of Markel Corporation by 40.3% in the 2nd quarter. Proficio Capital Partners LLC now owns 94 shares of the insurance provider’s stock valued at $101,000 after purchasing an additional 27 shares in the last quarter. Korea Investment CORP boosted its stake in shares of Markel Corporation by 138.9% in the 2nd quarter. Korea Investment CORP now owns 129 shares of the insurance provider’s stock valued at $126,000 after purchasing an additional 75 shares in the last quarter. BDO Wealth Advisors LLC acquired a new stake in shares of Markel Corporation in the 2nd quarter valued at approximately $166,000. Toronto Dominion Bank boosted its stake in shares of Markel Corporation by 11.0% in the 2nd quarter. Toronto Dominion Bank now owns 171 shares of the insurance provider’s stock valued at $167,000 after purchasing an additional 17 shares in the last quarter. Finally, First Capital Advisors Group LLC. acquired a new stake in shares of Markel Corporation in the 3rd quarter valued at approximately $202,000. Institutional investors own 76.59% of the company’s stock.
In other news, CEO Richard R. Whitt III sold 600 shares of the firm’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 11,339 shares in the company, valued at approximately $11,859,800.27. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Vice Chairman Steven A. Markel sold 200 shares of the firm’s stock in a transaction that occurred on Thursday, September 28th. The shares were sold at an average price of $1,065.64, for a total transaction of $213,128.00. Following the completion of the sale, the insider now owns 109,550 shares in the company, valued at $116,740,862. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,071 shares of company stock worth $2,194,558. 2.53% of the stock is currently owned by corporate insiders.
About Markel Corporation
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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