Markel Co. (NYSE:MKL) – Analysts at SunTrust Banks raised their Q1 2018 earnings per share estimates for Markel in a research report issued on Wednesday. SunTrust Banks analyst M. Hughes now expects that the insurance provider will earn $8.06 per share for the quarter, up from their prior forecast of $7.71. SunTrust Banks has a “Hold” rating and a $1,200.00 price objective on the stock. SunTrust Banks also issued estimates for Markel’s Q2 2018 earnings at $8.23 EPS, Q3 2018 earnings at $8.66 EPS, Q4 2018 earnings at $8.66 EPS, FY2018 earnings at $33.61 EPS, Q1 2019 earnings at $8.80 EPS, Q2 2019 earnings at $9.00 EPS, Q3 2019 earnings at $9.41 EPS and Q4 2019 earnings at $9.41 EPS.
A number of other equities analysts have also weighed in on MKL. Royal Bank of Canada reiterated a “hold” rating and issued a $1,200.00 price target on shares of Markel in a report on Thursday, February 8th. Zacks Investment Research lowered shares of Markel from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. Finally, Boenning Scattergood reiterated a “buy” rating on shares of Markel in a report on Thursday, October 26th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Markel presently has a consensus rating of “Hold” and an average target price of $1,172.00.
Markel (NYSE MKL) opened at $1,097.52 on Monday. The firm has a market cap of $15,260.00, a price-to-earnings ratio of 42.57 and a beta of 0.95. Markel has a 1-year low of $936.95 and a 1-year high of $1,157.30. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.28.
Large investors have recently bought and sold shares of the stock. Aevitas Wealth Management Inc. acquired a new position in shares of Markel during the 4th quarter valued at $108,000. First Personal Financial Services lifted its holdings in shares of Markel by 156.1% during the 4th quarter. First Personal Financial Services now owns 105 shares of the insurance provider’s stock valued at $120,000 after acquiring an additional 64 shares in the last quarter. SeaCrest Wealth Management LLC acquired a new position in shares of Markel during the 4th quarter valued at $122,000. Simplex Trading LLC lifted its holdings in shares of Markel by 169.1% during the 4th quarter. Simplex Trading LLC now owns 148 shares of the insurance provider’s stock valued at $168,000 after acquiring an additional 93 shares in the last quarter. Finally, Toronto Dominion Bank lifted its holdings in shares of Markel by 11.0% during the 2nd quarter. Toronto Dominion Bank now owns 171 shares of the insurance provider’s stock valued at $167,000 after acquiring an additional 17 shares in the last quarter. Institutional investors and hedge funds own 77.06% of the company’s stock.
In related news, insider Alan I. Kirshner sold 100 shares of Markel stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $1,133.50, for a total transaction of $113,350.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Steven A. Markel sold 200 shares of Markel stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $1,143.47, for a total transaction of $228,694.00. Following the transaction, the insider now owns 106,360 shares in the company, valued at approximately $121,619,469.20. The disclosure for this sale can be found here. Insiders have sold a total of 2,438 shares of company stock worth $2,691,350 in the last 90 days. Company insiders own 2.53% of the company’s stock.
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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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