Boenning Scattergood Research Analysts Decrease Earnings Estimates for Markel Corporation (MKL)

Markel Corporation (NYSE:MKL) – Investment analysts at Boenning Scattergood reduced their Q4 2017 earnings per share (EPS) estimates for shares of Markel Corporation in a note issued to investors on Thursday. Boenning Scattergood analyst R. Farnam now expects that the insurance provider will earn $4.77 per share for the quarter, down from their prior forecast of $7.83. Boenning Scattergood has a “Buy” rating on the stock.

COPYRIGHT VIOLATION WARNING: “Boenning Scattergood Research Analysts Decrease Earnings Estimates for Markel Corporation (MKL)” was first published by Community Financial News and is owned by of Community Financial News. If you are reading this story on another site, it was stolen and reposted in violation of U.S. & international copyright and trademark law. The legal version of this story can be viewed at https://www.com-unik.info/2017/10/30/boenning-scattergood-research-analysts-decrease-earnings-estimates-for-markel-corporation-mkl.html.

MKL has been the subject of several other research reports. Royal Bank Of Canada reissued a “hold” rating and issued a $1,050.00 price target on shares of Markel Corporation in a report on Tuesday, October 3rd. SunTrust Banks, Inc. reissued a “hold” rating and issued a $1,100.00 price target on shares of Markel Corporation in a report on Friday. Zacks Investment Research lowered shares of Markel Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. ValuEngine raised shares of Markel Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Finally, BidaskClub raised shares of Markel Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, July 5th. Five analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $1,066.67.

Shares of Markel Corporation (NYSE MKL) opened at 1094.08 on Monday. The stock has a 50 day moving average price of $1,064.33 and a 200-day moving average price of $1,014.05. Markel Corporation has a 12-month low of $811.05 and a 12-month high of $1,105.23. The stock has a market cap of $15.22 billion, a price-to-earnings ratio of 37.83 and a beta of 1.03.

In related news, Vice Chairman Steven A. Markel sold 3,875 shares of the business’s stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $1,074.48, for a total value of $4,163,610.00. Following the sale, the insider now directly owns 109,650 shares of the company’s stock, valued at approximately $117,816,732. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Richard R. Whitt III sold 100 shares of the business’s stock in a transaction on Monday, August 14th. The shares were sold at an average price of $1,045.10, for a total transaction of $104,510.00. Following the completion of the sale, the chief executive officer now directly owns 12,039 shares in the company, valued at $12,581,958.90. The disclosure for this sale can be found here. Insiders sold a total of 6,227 shares of company stock worth $6,655,526 over the last ninety days. 2.53% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its position in Markel Corporation by 2.6% in the 2nd quarter. Vanguard Group Inc. now owns 1,129,189 shares of the insurance provider’s stock valued at $1,101,931,000 after acquiring an additional 28,104 shares in the last quarter. BlackRock Inc. lifted its position in Markel Corporation by 0.4% in the 2nd quarter. BlackRock Inc. now owns 836,138 shares of the insurance provider’s stock valued at $815,955,000 after acquiring an additional 3,590 shares in the last quarter. Principal Financial Group Inc. lifted its position in Markel Corporation by 3.7% in the 2nd quarter. Principal Financial Group Inc. now owns 659,167 shares of the insurance provider’s stock valued at $643,254,000 after acquiring an additional 23,417 shares in the last quarter. Baillie Gifford & Co. lifted its position in Markel Corporation by 0.6% in the 2nd quarter. Baillie Gifford & Co. now owns 560,203 shares of the insurance provider’s stock valued at $546,680,000 after acquiring an additional 3,147 shares in the last quarter. Finally, Broad Run Investment Management LLC lifted its position in Markel Corporation by 1.1% in the 2nd quarter. Broad Run Investment Management LLC now owns 257,017 shares of the insurance provider’s stock valued at $250,813,000 after acquiring an additional 2,695 shares in the last quarter. 76.38% of the stock is currently owned by institutional investors and hedge funds.

About Markel Corporation

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 Corporation (NYSE:MKL)

What are top analysts saying about Markel Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Markel Corporation and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit