Markel Corp. (MKL) Releases Quarterly Earnings Results
Markel Corp. (NYSE:MKL) posted its quarterly earnings results on Monday. The company reported $6.95 earnings per share for the quarter, beating the analysts’ consensus estimate of $5.77 by $1.18, Analyst Ratings.Net reports. The company had revenue of $1.28 billion for the quarter. During the same quarter last year, the company posted $6.23 earnings per share. Markel Corp.’s revenue was up 58.4% compared to the same quarter last year.
On a related note, analysts at Zacks downgraded shares of Markel Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Monday, November 18th. They now have a $548.00 price target on the stock.
Markel Corp. (NYSE:MKL) traded down 0.05% on Monday, hitting $542.25. 35,813 shares of the company’s stock traded hands. Markel Corp. has a 1-year low of $477.00 and a 1-year high of $582.59. The stock’s 50-day moving average is $561.9 and its 200-day moving average is $538.4. The company has a market cap of $7.575 billion and a P/E ratio of 25.38.
Markel Corporation is a financial holding company serving a range of markets. The Company markets and underwrites specialty insurance products.
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