Markel Co. Forecasted to Post Q1 2018 Earnings of $8.06 Per Share (MKL)

Markel Co. (NYSE:MKL) – SunTrust Banks raised their Q1 2018 EPS estimates for Markel in a report issued on Wednesday. SunTrust Banks analyst M. Hughes now expects that the insurance provider will post earnings per share of $8.06 for the quarter, up from their prior estimate of $7.71. SunTrust Banks has a “Hold” rating and a $1,200.00 price target on the stock. SunTrust Banks also issued estimates for Markel’s Q2 2018 earnings at $8.23 EPS, Q3 2018 earnings at $8.66 EPS, Q4 2018 earnings at $8.66 EPS, FY2018 earnings at $33.61 EPS, Q1 2019 earnings at $8.80 EPS, Q2 2019 earnings at $9.00 EPS, Q3 2019 earnings at $9.41 EPS and Q4 2019 earnings at $9.41 EPS.

A number of other research analysts have also recently weighed in on MKL. Royal Bank of Canada reaffirmed 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 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 equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $1,172.00.

Markel (MKL) opened at $1,084.97 on Monday. Markel has a 12-month low of $612.00 and a 12-month high of $1,157.30. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.55 and a current ratio of 0.55. The firm has a market capitalization of $15,085.42, a PE ratio of 42.09 and a beta of 0.95.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. First Personal Financial Services raised its holdings 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 acquiring an additional 64 shares in the last quarter. SeaCrest Wealth Management LLC purchased a new stake in shares of Markel during the 4th quarter worth approximately $122,000. Toronto Dominion Bank raised its holdings 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 acquiring an additional 17 shares in the last quarter. Simplex Trading LLC raised its holdings 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 acquiring an additional 93 shares in the last quarter. Finally, Cigna Investments Inc. New purchased a new stake in shares of Markel during the 4th quarter worth approximately $201,000. 76.82% of the stock is currently owned by institutional investors.

In related news, insider Alan I. Kirshner sold 100 shares of the business’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $1,133.50, for a total value of $113,350.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Vice Chairman Steven A. Markel sold 200 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $1,143.47, for a total value of $228,694.00. Following the completion of the transaction, the insider now directly owns 106,360 shares in the company, valued at $121,619,469.20. The disclosure for this sale can be found here. Over the last three months, 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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Markel 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 (NYSE:MKL)

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