Q1 2018 Earnings Estimate for Markel Co. Issued By William Blair (MKL)
Markel Co. (NYSE:MKL) – Analysts at William Blair boosted their Q1 2018 earnings estimates for Markel in a research report issued to clients and investors on Wednesday. William Blair analyst A. Klauber now expects that the insurance provider will earn $7.76 per share for the quarter, up from their previous forecast of $7.15.
MKL has been the topic of several other reports. Zacks Investment Research upgraded shares of Markel from a “hold” rating to a “buy” rating and set a $1,253.00 price target on the stock in a research note on Friday, January 5th. Royal Bank of Canada reiterated a “hold” rating and issued a $1,200.00 price target on shares of Markel in a research note on Thursday. SunTrust Banks reiterated a “hold” rating and issued a $1,100.00 price target on shares of Markel in a research note on Friday, October 27th. Finally, Boenning Scattergood reiterated a “buy” rating on shares of Markel in a research note on Thursday, October 26th. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $1,172.00.
Hedge funds have recently modified their holdings of the business. First Personal Financial Services increased its stake 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 purchasing an additional 64 shares during the last quarter. SeaCrest Wealth Management LLC acquired a new position in shares of Markel during the 4th quarter worth about $122,000. Toronto Dominion Bank increased its stake 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 purchasing an additional 17 shares during the last quarter. Simplex Trading LLC increased its stake 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 purchasing an additional 93 shares during the last quarter. Finally, Cigna Investments Inc. New acquired a new position in shares of Markel during the 4th quarter worth about $201,000. Hedge funds and other institutional investors own 76.82% of the company’s stock.
In other Markel news, insider Alan I. Kirshner sold 100 shares of Markel stock in a transaction on Tuesday, January 2nd. The shares were sold at an average price of $1,133.50, for a total value of $113,350.00. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Vice Chairman Steven A. Markel sold 200 shares of Markel stock in a transaction on Monday, November 27th. The shares were sold at an average price of $1,078.70, for a total transaction of $215,740.00. Following the completion of the sale, the insider now owns 108,761 shares in the company, valued at $117,320,490.70. The disclosure for this sale can be found here. Insiders sold a total of 2,138 shares of company stock worth $2,373,344 over the last quarter. Company insiders own 2.53% of the company’s stock.
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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.
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