Markel Co. (NYSE:MKL) – Research analysts at SunTrust Banks issued their FY2019 earnings estimates for shares of Markel in a report released on Wednesday. SunTrust Banks analyst M. Hughes anticipates that the insurance provider will post earnings of $36.63 per share for the year. SunTrust Banks has a “Hold” rating and a $1,200.00 price objective on the stock.

MKL has been the subject of a number of 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 for the company in a report on Friday, January 5th. Royal Bank of Canada restated a “hold” rating and issued a $1,200.00 price objective on shares of Markel in a report on Thursday. Finally, Boenning Scattergood restated a “buy” rating on shares of Markel in a report on Thursday, October 26th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $1,172.00.

Markel (NYSE MKL) traded up $26.91 during trading hours on Friday, reaching $1,084.97. 35,824 shares of the company were exchanged, compared to its average volume of 42,353. Markel has a 52 week low of $612.00 and a 52 week high of $1,157.30. The company has a quick ratio of 0.55, a current ratio of 0.55 and a debt-to-equity ratio of 0.28. The company has a market cap of $14,711.27, a price-to-earnings ratio of 42.09 and a beta of 0.95.

In other Markel news, EVP Anne G. Waleski sold 838 shares of the company’s stock in a transaction on Friday, December 8th. The shares were sold at an average price of $1,102.48, for a total value of $923,878.24. Following the completion of the transaction, the executive vice president now directly owns 4,150 shares in the company, valued at approximately $4,575,292. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Vice Chairman Steven A. Markel sold 200 shares of the company’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $1,078.70, for a total transaction of $215,740.00. Following the completion of the transaction, the insider now owns 108,761 shares of the company’s stock, 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 valued at $2,373,344 over the last 90 days. Company insiders own 2.53% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of MKL. First Personal Financial Services raised its holdings in Markel by 156.1% in 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 in the last quarter. SeaCrest Wealth Management LLC purchased a new stake in shares of Markel in the 4th quarter worth about $122,000. Toronto Dominion Bank grew its position in shares of Markel by 11.0% in the 2nd quarter. Toronto Dominion Bank now owns 171 shares of the insurance provider’s stock worth $167,000 after buying an additional 17 shares during the period. Simplex Trading LLC grew its position in shares of Markel by 169.1% in the 4th quarter. Simplex Trading LLC now owns 148 shares of the insurance provider’s stock worth $168,000 after buying an additional 93 shares during the period. Finally, Cigna Investments Inc. New purchased a new stake in shares of Markel in the 4th quarter worth about $201,000. Institutional investors and hedge funds own 76.82% 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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