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.

Shares of Markel (MKL) opened at $1,084.97 on Friday. The company has a market cap of $15,070.00, a price-to-earnings ratio of 42.09 and a beta of 0.95. Markel has a 52-week low of $612.00 and a 52-week high of $1,157.30. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.55 and a quick ratio of 0.55.

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.

Earnings History and Estimates for Markel (NYSE:MKL)

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