Analysts Anticipate Markel Co. (MKL) to Post $8.36 Earnings Per Share
Equities research analysts expect that Markel Co. (NYSE:MKL) will announce earnings of $8.36 per share for the current quarter, Zacks reports. Three analysts have issued estimates for Markel’s earnings. The lowest EPS estimate is $7.76 and the highest is $9.25. Markel posted earnings per share of $2.82 in the same quarter last year, which would suggest a positive year-over-year growth rate of 196.5%. The business is expected to issue its next earnings results on Wednesday, April 25th.
According to Zacks, analysts expect that Markel will report full-year earnings of $33.19 per share for the current financial year, with EPS estimates ranging from $28.95 to $37.00. For the next year, analysts anticipate that the company will report earnings of $33.33 per share, with EPS estimates ranging from $26.37 to $37.00. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that that provide coverage for Markel.
Several equities research analysts have recently issued reports on MKL shares. Zacks Investment Research raised shares of Markel from a “hold” rating to a “buy” rating and set a $1,253.00 price objective for the company in a research report on Friday, January 5th. Royal Bank of Canada reaffirmed a “hold” rating and set a $1,200.00 price objective on shares of Markel in a research report on Thursday, February 8th. ValuEngine cut shares of Markel from a “hold” rating to a “sell” rating in a research report on Thursday. Finally, SunTrust Banks lifted their price objective on shares of Markel to $1,200.00 and gave the stock a “hold” rating in a research report on Thursday, February 8th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $1,172.00.
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Aevitas Wealth Management Inc. purchased a new position in shares of Markel in the fourth quarter worth approximately $108,000. First Personal Financial Services raised its holdings in shares of Markel by 156.1% in the fourth quarter. First Personal Financial Services now owns 105 shares of the insurance provider’s stock valued at $120,000 after buying an additional 64 shares during the last quarter. SeaCrest Wealth Management LLC purchased a new stake in shares of Markel in the fourth quarter valued at about $122,000. Simplex Trading LLC raised its holdings in shares of Markel by 169.1% in the fourth quarter. Simplex Trading LLC now owns 148 shares of the insurance provider’s stock valued at $168,000 after buying an additional 93 shares during the last quarter. Finally, Cigna Investments Inc. New purchased a new stake in shares of Markel in the fourth quarter valued at about $201,000. 77.01% of the stock is owned by hedge funds and other institutional investors.
Markel (NYSE:MKL) traded down $3.28 during trading on Monday, hitting $1,113.02. 3,796 shares of the stock traded hands, compared to its average volume of 36,211. The stock has a market cap of $15,517.58, a PE ratio of 43.06 and a beta of 0.95. Markel has a 1-year low of $936.95 and a 1-year high of $1,157.30. The company has a current ratio of 0.60, a quick ratio of 0.60 and a debt-to-equity ratio of 0.33.
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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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