Markel Co. Forecasted to Post FY2019 Earnings of $36.63 Per Share (MKL)

Markel Co. (NYSE:MKL) – Investment analysts at SunTrust Banks issued their FY2019 EPS estimates for Markel in a research note issued on Wednesday. SunTrust Banks analyst M. Hughes expects that the insurance provider will post earnings of $36.63 per share for the year. SunTrust Banks currently has a “Hold” rating and a $1,200.00 target price on the stock.

A number of other research firms have also recently issued reports on MKL. Royal Bank of Canada reissued a “hold” rating and set a $1,200.00 price objective on shares of Markel in a research report on Thursday. Zacks Investment Research cut shares of Markel from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. Finally, Boenning Scattergood reaffirmed a “buy” rating on shares of Markel in a research report on Thursday, October 26th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $1,172.00.

Markel (NYSE:MKL) traded up $26.91 during mid-day trading on Friday, hitting $1,084.97. 35,824 shares of the stock were exchanged, compared to its average volume of 43,075. The company has a market cap of $15,070.00, a PE ratio of 42.09 and a beta of 0.95. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.28. Markel has a one year low of $612.00 and a one year high of $1,157.30.

Institutional investors have recently bought and sold shares of the business. First Personal Financial Services lifted its position in shares of Markel by 156.1% during the 4th quarter. First Personal Financial Services now owns 105 shares of the insurance provider’s stock worth $120,000 after buying an additional 64 shares in the last quarter. SeaCrest Wealth Management LLC bought a new position in shares of Markel during the 4th quarter worth approximately $122,000. Toronto Dominion Bank lifted its position in shares of Markel by 11.0% during the 2nd quarter. Toronto Dominion Bank now owns 171 shares of the insurance provider’s stock worth $167,000 after buying an additional 17 shares in the last quarter. Simplex Trading LLC lifted its position in shares of Markel by 169.1% during the 4th quarter. Simplex Trading LLC now owns 148 shares of the insurance provider’s stock worth $168,000 after buying an additional 93 shares in the last quarter. Finally, Cigna Investments Inc. New bought a new position in shares of Markel during the 4th quarter worth approximately $201,000. 76.82% of the stock is currently owned by hedge funds and other institutional investors.

In related news, Vice Chairman Steven A. Markel sold 200 shares of the firm’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $1,078.70, for a total value of $215,740.00. Following the transaction, the insider now owns 108,761 shares of the company’s stock, valued at approximately $117,320,490.70. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Anne G. Waleski sold 838 shares of the firm’s stock in a transaction dated Friday, December 8th. The shares were sold at an average price of $1,102.48, for a total transaction of $923,878.24. Following the completion of the transaction, the executive vice president now directly owns 4,150 shares in the company, valued at approximately $4,575,292. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,138 shares of company stock worth $2,373,344. 2.53% of the stock is owned by insiders.

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About Markel

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 (NYSE:MKL)

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