Markel Co. (NYSE:MKL) – Research analysts at William Blair dropped their Q4 2018 earnings per share estimates for shares of Markel in a research report issued on Wednesday, October 31st. William Blair analyst A. Klauber now anticipates that the insurance provider will post earnings per share of $8.49 for the quarter, down from their prior estimate of $11.05.
Markel (NYSE:MKL) last announced its quarterly earnings results on Tuesday, October 30th. The insurance provider reported $28.50 earnings per share for the quarter, topping analysts’ consensus estimates of $7.05 by $21.45. Markel had a return on equity of 9.72% and a net margin of 14.03%. The company had revenue of $1.81 billion during the quarter, compared to analysts’ expectations of $1.77 billion.
A number of other brokerages have also recently weighed in on MKL. ValuEngine raised Markel from a “hold” rating to a “buy” rating in a research report on Thursday, August 2nd. Zacks Investment Research raised Markel from a “hold” rating to a “strong-buy” rating and set a $1,361.00 price target for the company in a research report on Monday, October 8th. Finally, Boenning Scattergood reaffirmed a “buy” rating on shares of Markel in a research report on Wednesday, August 1st. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Markel has a consensus rating of “Buy” and an average price target of $1,265.25.
Shares of NYSE:MKL opened at $1,105.95 on Monday. Markel has a fifty-two week low of $1,020.00 and a fifty-two week high of $1,228.32. The stock has a market capitalization of $14.99 billion, a price-to-earnings ratio of 305.51 and a beta of 1.01. The company has a quick ratio of 0.59, a current ratio of 0.59 and a debt-to-equity ratio of 0.31.
In other Markel news, insider Alan I. Kirshner sold 100 shares of the business’s stock in a transaction dated Monday, October 1st. The stock was sold at an average price of $1,190.55, for a total value of $119,055.00. Following the completion of the sale, the insider now owns 23,650 shares of the company’s stock, valued at $28,156,507.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Richard R. Whitt III sold 500 shares of the business’s stock in a transaction dated Wednesday, September 5th. The stock was sold at an average price of $1,202.80, for a total value of $601,400.00. Following the completion of the sale, the chief executive officer now directly owns 10,444 shares of the company’s stock, valued at approximately $12,562,043.20. The disclosure for this sale can be found here. Insiders sold 1,149 shares of company stock valued at $1,362,085 in the last ninety days. Insiders own 2.46% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. First Mercantile Trust Co. bought a new position in shares of Markel in the second quarter worth about $109,000. Palo Capital Inc. bought a new position in shares of Markel in the third quarter worth about $120,000. Signaturefd LLC increased its stake in shares of Markel by 636.8% in the second quarter. Signaturefd LLC now owns 140 shares of the insurance provider’s stock worth $152,000 after purchasing an additional 121 shares during the period. Leavell Investment Management Inc. bought a new position in shares of Markel in the third quarter worth about $208,000. Finally, Nwam LLC bought a new position in shares of Markel in the third quarter worth about $221,000. Institutional investors and hedge funds own 75.83% of the company’s stock.
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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