William Blair Brokers Increase Earnings Estimates for Markel Co. (MKL)

Markel Co. (NYSE:MKL) – Stock analysts at William Blair upped their Q2 2018 earnings per share (EPS) estimates for Markel in a report issued on Wednesday. William Blair analyst A. Klauber now expects that the insurance provider will earn $5.97 per share for the quarter, up from their previous forecast of $5.72. William Blair also issued estimates for Markel’s Q3 2018 earnings at $7.12 EPS, Q4 2018 earnings at $8.10 EPS, FY2018 earnings at $28.95 EPS and FY2019 earnings at $26.37 EPS.

Several other analysts have also issued reports on the company. Boenning Scattergood reiterated a “buy” rating on shares of Markel in a report on Thursday, October 26th. SunTrust Banks reiterated a “hold” rating and set a $1,100.00 price objective on shares of Markel in a report on Friday, October 27th. Zacks Investment Research upgraded Markel from a “hold” rating to a “buy” rating and set a $1,253.00 price objective for the company in a report on Friday, January 5th. Finally, Royal Bank of Canada reiterated a “hold” rating on shares of Markel in a report on Thursday. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $1,109.50.

Shares of Markel (NYSE:MKL) traded down $2.43 during trading hours on Thursday, hitting $1,101.49. The company had a trading volume of 10,037 shares, compared to its average volume of 41,604. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.28. Markel has a twelve month low of $612.00 and a twelve month high of $1,157.30. The stock has a market capitalization of $15,260.00, a price-to-earnings ratio of 42.61 and a beta of 0.95.

In other Markel news, Vice Chairman Steven A. Markel sold 200 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $1,143.47, for a total transaction of $228,694.00. Following the transaction, the insider now directly owns 106,360 shares of the company’s stock, valued at $121,619,469.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Anne G. Waleski sold 838 shares of the stock in a transaction on Friday, December 8th. The stock was sold at an average price of $1,102.48, for a total transaction of $923,878.24. Following the transaction, the executive vice president now directly owns 4,150 shares in the company, valued at $4,575,292. The disclosure for this sale can be found here. Insiders have sold 2,138 shares of company stock worth $2,373,344 over the last three months. Company insiders own 2.53% of the company’s stock.

A number of institutional investors have recently bought and sold shares of MKL. Mar Vista Investment Partners LLC increased its position in Markel by 15.9% during the fourth quarter. Mar Vista Investment Partners LLC now owns 133,921 shares of the insurance provider’s stock worth $152,553,000 after buying an additional 18,326 shares during the last quarter. Heritage Wealth Advisors increased its position in Markel by 316.7% during the fourth quarter. Heritage Wealth Advisors now owns 20,507 shares of the insurance provider’s stock worth $23,361,000 after buying an additional 15,586 shares during the last quarter. Archford Capital Strategies LLC increased its position in Markel by 34,592.5% during the second quarter. Archford Capital Strategies LLC now owns 13,877 shares of the insurance provider’s stock worth $204,000 after buying an additional 13,837 shares during the last quarter. Victory Capital Management Inc. increased its position in Markel by 8.3% during the fourth quarter. Victory Capital Management Inc. now owns 175,898 shares of the insurance provider’s stock worth $200,371,000 after buying an additional 13,480 shares during the last quarter. Finally, Janus Henderson Group PLC increased its position in Markel by 712.3% during the second quarter. Janus Henderson Group PLC now owns 14,703 shares of the insurance provider’s stock worth $14,347,000 after buying an additional 12,893 shares during the last quarter. 76.82% of the stock is currently owned by hedge funds and other institutional investors.

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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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