Analysts expect that Markel Co. (NYSE:MKL) will report earnings of $8.49 per share for the current quarter, Zacks reports. Three analysts have made estimates for Markel’s earnings, with the highest EPS estimate coming in at $8.96 and the lowest estimate coming in at $7.62. Markel reported earnings per share of $9.94 in the same quarter last year, which would indicate a negative year over year growth rate of 14.6%. The company is expected to report its next earnings report after the market closes on Tuesday, July 31st.
According to Zacks, analysts expect that Markel will report full year earnings of $38.31 per share for the current fiscal year, with EPS estimates ranging from $37.95 to $38.67. For the next fiscal year, analysts forecast that the company will report earnings of $38.93 per share, with EPS estimates ranging from $37.00 to $41.00. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that cover Markel.
Markel (NYSE:MKL) last posted its earnings results on Tuesday, April 24th. The insurance provider reported $11.39 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $8.71 by $2.68. The company had revenue of $1.70 billion for the quarter, compared to analyst estimates of $1.61 billion. Markel had a net margin of 4.19% and a return on equity of 1.47%.
A number of brokerages recently commented on MKL. ValuEngine upgraded shares of Markel from a “sell” rating to a “hold” rating in a report on Monday, April 2nd. Argus began coverage on shares of Markel in a report on Wednesday, April 11th. They set a “hold” rating on the stock. Zacks Investment Research upgraded shares of Markel from a “hold” rating to a “buy” rating and set a $1,287.00 price objective on the stock in a report on Wednesday, April 11th. Finally, Boenning Scattergood set a $1,250.00 price objective on shares of Markel and gave the stock a “buy” rating in a report on Friday, April 27th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $1,237.50.
In other Markel news, insider Nora N. Crouch sold 90 shares of Markel stock in a transaction on Tuesday, May 22nd. The shares were sold at an average price of $1,151.58, for a total value of $103,642.20. Following the sale, the insider now directly owns 2,577 shares in the company, valued at approximately $2,967,621.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Vice Chairman Steven A. Markel sold 200 shares of Markel stock in a transaction on Thursday, July 19th. The shares were sold at an average price of $1,138.50, for a total transaction of $227,700.00. Following the completion of the sale, the insider now owns 104,020 shares in the company, valued at $118,426,770. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,390 shares of company stock worth $1,553,672. 2.53% of the stock is currently owned by company insiders.
A number of hedge funds have recently modified their holdings of MKL. First Mercantile Trust Co. acquired a new stake in Markel in the 2nd quarter valued at $109,000. Ostrum Asset Management acquired a new stake in Markel in the 1st quarter valued at $161,000. Laurel Wealth Advisors Inc. acquired a new stake in Markel in the 1st quarter valued at $202,000. Atria Investments LLC acquired a new stake in Markel in the 1st quarter valued at $207,000. Finally, Bridgeworth LLC acquired a new stake in Markel in the 1st quarter valued at $215,000. Hedge funds and other institutional investors own 76.28% of the company’s stock.
MKL traded down $8.57 during mid-day trading on Friday, hitting $1,150.20. The stock had a trading volume of 25,360 shares, compared to its average volume of 31,538. Markel has a 1-year low of $995.30 and a 1-year high of $1,194.98. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.59 and a current ratio of 0.59. The firm has a market cap of $15.94 billion, a PE ratio of 317.73 and a beta of 0.90.
Markel Corporation, a diverse financial holding company, markets and underwrites specialty insurance products in the United States, the United Kingdom, Canada, and internationally. It operates through three segments: U.S. Insurance, International Insurance, and Reinsurance. The U.S. Insurance segment offers general and professional liability, property, personal line, program, and workers' compensation insurance products, as well as other insurance product lines, such as ocean marine, surety, CPI, and coverages.
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