Research Analysts Offer Predictions for Markel Co.’s Q1 2018 Earnings (MKL)

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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About Markel

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 (NYSE:MKL)

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