Research Analysts Offer Predictions for Markel Corporation’s Q3 2017 Earnings (MKL)

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.

WARNING: This piece of content was reported by Week Herald and is the property of of Week Herald. If you are accessing this piece of content on another domain, it was copied illegally and reposted in violation of US and international copyright and trademark legislation. The original version of this piece of content can be viewed at https://weekherald.com/2017/10/19/research-analysts-offer-predictions-for-markel-corporations-q3-2017-earnings-mkl.html.

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.

Earnings History and Estimates for Markel Corporation (NYSE:MKL)

Receive News & Ratings for Markel Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Markel Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply