Markel (MKL) Posts Quarterly Earnings, Misses Expectations By $3.13 EPS
Markel (NYSE:MKL) announced its earnings results on Wednesday. The company reported $2.66 EPS for the quarter, missing the Thomson Reuters consensus estimate of $5.79 by $3.13, StockRatingsNetwork reports.
A number of analysts have recently weighed in on MKL shares. Analysts at Zacks upgraded shares of Markel from an “underperform” rating to a “neutral” rating in a research note on Tuesday, June 10th. They now have a $647.20 price target on the stock. On the ratings front, analysts at Keefe, Bruyette & Woods raised their price target on shares of Markel from $560.00 to $615.00 in a research note on Monday, May 12th.
Shares of Markel (NYSE:MKL) traded down 0.50% during mid-day trading on Wednesday, hitting $643.93. 22,754 shares of the company’s stock traded hands. Markel has a 52-week low of $506.64 and a 52-week high of $666.00. The stock’s 50-day moving average is $648.7 and its 200-day moving average is $611.. The company has a market cap of $8.995 billion and a P/E ratio of 31.75.
Markel Corporation is a financial holding company serving a range of markets. The Company markets and underwrites specialty insurance products.
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