Markel Corporation (MKL) Set to Announce Quarterly Earnings on Monday
Markel Corporation (NYSE:MKL) is scheduled to issue its quarterly earnings data after the market closes on Monday, October 30th. Analysts expect the company to announce earnings of $6.69 per share for the quarter.
Markel Corporation (NYSE:MKL) last posted its quarterly earnings results on Wednesday, July 26th. The insurance provider reported $9.94 earnings per share for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.46 billion. On average, analysts expect Markel Corporation to post $4.91 EPS for the current fiscal year and $28.64 EPS for the next fiscal year.
Markel Corporation (NYSE:MKL) opened at 1078.23 on Monday. The stock has a 50 day moving average price of $1,057.84 and a 200 day moving average price of $1,010.39. The stock has a market cap of $15.00 billion, a PE ratio of 37.28 and a beta of 1.03. Markel Corporation has a 1-year low of $811.05 and a 1-year high of $1,105.23.
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In related news, CEO Richard R. Whitt III sold 600 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The stock was sold at an average price of $1,045.93, for a total value of $627,558.00. Following the completion of the transaction, the chief executive officer now owns 11,339 shares in the company, valued at approximately $11,859,800.27. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Steven A. Markel sold 3,875 shares of the firm’s stock in a transaction on Tuesday, August 1st. The stock was sold at an average price of $1,074.48, for a total value of $4,163,610.00. Following the completion of the transaction, the insider now owns 109,650 shares of the company’s stock, valued at approximately $117,816,732. The disclosure for this sale can be found here. Insiders sold a total of 6,227 shares of company stock valued at $6,655,526 in the last three months. Insiders own 2.53% of the company’s stock.
A number of analysts have recently weighed in on the company. Zacks Investment Research cut Markel Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday, October 3rd. Royal Bank Of Canada reissued a “hold” rating and issued a $1,050.00 price objective on shares of Markel Corporation in a research report on Tuesday, October 3rd. BidaskClub raised Markel Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, August 3rd. ValuEngine raised Markel Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Boenning Scattergood set a $1,050.00 price objective on Markel Corporation and gave the stock a “buy” rating in a research report on Wednesday, July 26th. Four equities research 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 a consensus rating of “Hold” and a consensus target price of $1,050.00.
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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