Markel Co. (NYSE:MKL) – Equities research analysts at Boenning Scattergood reduced their Q1 2018 EPS estimates for shares of Markel in a research report issued on Wednesday. Boenning Scattergood analyst R. Farnam now anticipates that the insurance provider will post earnings of $9.25 per share for the quarter, down from their prior estimate of $9.65. Boenning Scattergood has a “Buy” rating on the stock. Boenning Scattergood also issued estimates for Markel’s Q2 2018 earnings at $8.60 EPS, Q3 2018 earnings at $8.46 EPS, FY2018 earnings at $37.00 EPS and FY2019 earnings at $37.00 EPS.

Several other research analysts have also recently weighed in on the stock. SunTrust Banks reiterated a “hold” rating and set a $1,100.00 price target on shares of Markel in a research note on Friday, October 27th. Zacks Investment Research upgraded shares of Markel from a “hold” rating to a “buy” rating and set a $1,253.00 target price on the stock in a research note on Friday, January 5th. Finally, Royal Bank of Canada restated a “hold” rating and set a $1,200.00 target price on shares of Markel in a research note on Thursday. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $1,172.00.

Markel (NYSE MKL) opened at $1,058.06 on Thursday. The firm has a market cap of $15,260.00, a price-to-earnings ratio of 41.04 and a beta of 0.95. Markel has a one year low of $612.00 and a one year 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.

In other Markel news, Vice Chairman Steven A. Markel sold 200 shares of the business’s stock in a transaction on 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 sale, the insider now owns 108,761 shares in the company, valued at approximately $117,320,490.70. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Alan I. Kirshner sold 100 shares of the business’s stock in a transaction on Tuesday, January 2nd. The stock was sold at an average price of $1,133.50, for a total transaction of $113,350.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,138 shares of company stock worth $2,373,344. Corporate insiders own 2.53% of the company’s stock.

A number of hedge funds have recently made changes to their positions in MKL. Nationwide Fund Advisors lifted its stake in Markel by 50.0% in the 2nd quarter. Nationwide Fund Advisors now owns 3,000 shares of the insurance provider’s stock worth $2,928,000 after purchasing an additional 1,000 shares in the last quarter. Nordea Investment Management AB increased its holdings in shares of Markel by 4.7% in the 2nd quarter. Nordea Investment Management AB now owns 397 shares of the insurance provider’s stock worth $387,000 after buying an additional 18 shares during the last quarter. Citadel Advisors LLC bought a new stake in shares of Markel in the 2nd quarter worth about $231,000. Virtu KCG Holdings LLC increased its holdings in shares of Markel by 64.0% in the 2nd quarter. Virtu KCG Holdings LLC now owns 397 shares of the insurance provider’s stock worth $387,000 after buying an additional 155 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Markel by 0.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 55,002 shares of the insurance provider’s stock worth $53,671,000 after buying an additional 298 shares during the last quarter. Institutional investors and hedge funds own 76.82% of the company’s stock.

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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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