Markel (NYSE:MKL) posted its quarterly earnings data on Tuesday. The insurance provider reported $2.17 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $8.71 by ($6.54), reports. Markel had a net margin of 6.52% and a return on equity of 0.39%.
Shares of NYSE:MKL opened at $1,156.75 on Wednesday. Markel has a twelve month low of $936.95 and a twelve month high of $1,194.98. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.60 and a current ratio of 0.60. The company has a market capitalization of $16,196.08, a P/E ratio of 319.54 and a beta of 0.89.
Several equities analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Markel from a “buy” rating to a “hold” rating in a report on Friday, April 13th. Argus assumed coverage on shares of Markel in a report on Wednesday, April 11th. They set a “hold” rating on the stock. ValuEngine upgraded shares of Markel from a “sell” rating to a “hold” rating in a report on Monday, April 2nd. William Blair upgraded shares of Markel from a “market perform” rating to an “outperform” rating in a report on Monday, March 19th. Finally, SunTrust Banks upped their price objective on shares of Markel to $1,200.00 and gave the company a “hold” rating in a report on Thursday, February 8th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $1,184.25.
In related news, CEO Richard R. Whitt III sold 300 shares of the stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $1,060.02, for a total value of $318,006.00. Following the transaction, the chief executive officer now owns 9,652 shares in the company, valued at approximately $10,231,313.04. The sale was disclosed in a filing with the SEC, which is available through this link. 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 transaction of $228,694.00. Following the completion of 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. In the last quarter, insiders sold 1,800 shares of company stock worth $2,023,292. 2.46% of the stock is owned by corporate insiders.
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Markel Company Profile
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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