Markel Corporation (NYSE:MKL) – Stock analysts at William Blair reduced their Q3 2017 earnings per share (EPS) estimates for Markel Corporation in a report issued on Monday. William Blair analyst A. Klauber now anticipates that the insurance provider will post earnings of ($18.23) per share for the quarter, down from their prior forecast of $6.79. William Blair also issued estimates for Markel Corporation’s Q4 2017 earnings at $7.95 EPS and FY2018 earnings at $23.93 EPS.
A number of other equities research analysts have also issued reports on the company. BidaskClub lowered Markel Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, June 22nd. Boenning Scattergood set a $1,050.00 target price on Markel Corporation and gave the company a “buy” rating in a research note on Wednesday, July 26th. Zacks Investment Research lowered Markel Corporation from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Royal Bank Of Canada reiterated a “hold” rating and issued a $1,050.00 target price on shares of Markel Corporation in a research note on Tuesday, October 3rd. Finally, ValuEngine upgraded Markel Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Markel Corporation currently has an average rating of “Hold” and an average price target of $1,050.00.
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Markel Corporation (NYSE:MKL) opened at 1061.92 on Thursday. Markel Corporation has a 12 month low of $811.05 and a 12 month high of $1,105.23. The stock’s 50 day moving average price is $1,056.48 and its 200-day moving average price is $1,009.25. The firm has a market capitalization of $14.77 billion, a P/E ratio of 36.72 and a beta of 1.03.
Markel Corporation (NYSE:MKL) last announced its quarterly earnings data on Wednesday, July 26th. The insurance provider reported $9.94 EPS for the quarter, topping the Zacks’ consensus estimate of $6.27 by $3.67. Markel Corporation had a return on equity of 4.81% and a net margin of 7.58%. The business had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.46 billion.
In other Markel Corporation news, Vice Chairman Steven A. Markel sold 3,875 shares of the firm’s stock in a transaction that occurred on Tuesday, August 1st. The stock was sold at an average price of $1,074.48, for a total transaction of $4,163,610.00. Following the completion of the sale, the insider now owns 109,650 shares in the company, valued at approximately $117,816,732. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Alan I. Kirshner sold 100 shares of the firm’s stock in a transaction that occurred on Thursday, August 3rd. The shares were sold at an average price of $1,054.03, for a total value of $105,403.00. Following the sale, the insider now owns 25,555 shares of the company’s stock, valued at approximately $26,935,736.65. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 6,227 shares of company stock valued at $6,655,526. 2.53% of the stock is owned by insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of MKL. Teachers Advisors LLC grew its stake in Markel Corporation by 5.2% during the 1st quarter. Teachers Advisors LLC now owns 15,689 shares of the insurance provider’s stock valued at $15,310,000 after purchasing an additional 778 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in Markel Corporation by 5.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,279 shares of the insurance provider’s stock valued at $2,224,000 after purchasing an additional 114 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in Markel Corporation by 1.8% during the 1st quarter. Dimensional Fund Advisors LP now owns 54,704 shares of the insurance provider’s stock valued at $53,378,000 after purchasing an additional 987 shares in the last quarter. Morgan Stanley grew its stake in Markel Corporation by 8.0% during the 1st quarter. Morgan Stanley now owns 11,031 shares of the insurance provider’s stock valued at $10,764,000 after purchasing an additional 816 shares in the last quarter. Finally, KCG Holdings Inc. acquired a new stake in Markel Corporation during the 1st quarter valued at approximately $236,000. Hedge funds and other institutional investors own 76.47% of the company’s stock.
Markel Corporation Company Profile
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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