Markel Co. (NYSE:MKL) – Boenning Scattergood upped their Q3 2018 earnings per share (EPS) estimates for shares of Markel in a research note issued on Wednesday, April 11th. Boenning Scattergood analyst R. Farnam now anticipates that the insurance provider will earn $8.64 per share for the quarter, up from their prior estimate of $8.46. Boenning Scattergood also issued estimates for Markel’s Q3 2019 earnings at $8.74 EPS.
Several other analysts have also recently commented on the company. Zacks Investment Research cut Markel from a “buy” rating to a “hold” rating in a report on Friday. Argus initiated coverage on Markel in a report on Wednesday. They set a “hold” rating on the stock. ValuEngine upgraded Markel from a “sell” rating to a “hold” rating in a report on Monday, April 2nd. William Blair upgraded Markel from a “market perform” rating to an “outperform” rating in a report on Monday, March 19th. Finally, SunTrust Banks increased their price target on Markel to $1,200.00 and gave the stock a “hold” rating in a report on Thursday, February 8th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $1,184.25.
Shares of MKL stock opened at $1,153.51 on Thursday. Markel has a one year low of $936.95 and a one year high of $1,194.98. The company has a market capitalization of $16,055.54, a P/E ratio of 318.65 and a beta of 0.89. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.33.
Markel (NYSE:MKL) last announced its earnings results on Tuesday, February 6th. The insurance provider reported $6.64 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $8.55 by ($1.91). Markel had a net margin of 6.52% and a return on equity of 0.39%. The company had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $1.58 billion.
Institutional investors have recently bought and sold shares of the business. Sather Financial Group Inc raised its position in shares of Markel by 0.4% during the fourth quarter. Sather Financial Group Inc now owns 14,520 shares of the insurance provider’s stock worth $16,540,000 after purchasing an additional 55 shares during the period. First Personal Financial Services raised its position in shares of Markel by 156.1% during the fourth quarter. First Personal Financial Services now owns 105 shares of the insurance provider’s stock worth $120,000 after purchasing an additional 64 shares during the period. Caisse DE Depot ET Placement DU Quebec raised its position in shares of Markel by 6.7% during the third quarter. Caisse DE Depot ET Placement DU Quebec now owns 1,280 shares of the insurance provider’s stock worth $1,373,000 after purchasing an additional 80 shares during the period. Public Employees Retirement Association of Colorado raised its position in shares of Markel by 3.5% during the fourth quarter. Public Employees Retirement Association of Colorado now owns 2,559 shares of the insurance provider’s stock worth $2,915,000 after purchasing an additional 87 shares during the period. Finally, Simplex Trading LLC raised its position in shares of Markel by 169.1% during the fourth quarter. Simplex Trading LLC now owns 148 shares of the insurance provider’s stock worth $168,000 after purchasing an additional 93 shares during the period. Hedge funds and other institutional investors own 78.15% of the company’s stock.
In other Markel news, insider Alan I. Kirshner sold 100 shares of the stock in a transaction that occurred on Monday, April 2nd. The stock was sold at an average price of $1,149.02, for a total transaction of $114,902.00. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Vice Chairman Steven A. Markel sold 200 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $1,143.47, for a total value of $228,694.00. Following the transaction, the insider now owns 106,360 shares in the company, valued at $121,619,469.20. The disclosure for this sale can be found here. Insiders have sold a total of 1,800 shares of company stock worth $2,012,582 over the last 90 days. Company insiders own 2.53% of the company’s stock.
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Markel Corporation, a diverse financial holding company, markets and underwrites specialty insurance products in the United States, the United Kingdom, Canada, and internationally. It operates through three segments: U.S. Insurance, International Insurance, and Reinsurance. The U.S. Insurance segment offers general and professional liability, property, personal line, program, and workers' compensation insurance products, as well as other insurance product lines, such as ocean marine, surety, CPI, and coverages.
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