Analysts predict that Markel Co. (NYSE:MKL) will report $8.55 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Three analysts have made estimates for Markel’s earnings. The highest EPS estimate is $8.74 and the lowest is $8.36. Markel reported earnings of $9.11 per share in the same quarter last year, which indicates a negative year over year growth rate of 6.1%. The company is scheduled to announce its next quarterly earnings report after the market closes on Tuesday, February 6th.
On average, analysts expect that Markel will report full-year earnings of $5.56 per share for the current fiscal year. For the next fiscal year, analysts expect that the company will post earnings of $31.90 per share, with EPS estimates ranging from $27.49 to $36.48. Zacks’ EPS calculations are an average based on a survey of research analysts that cover Markel.
Several research analysts have recently weighed in on MKL shares. SunTrust Banks reiterated a “hold” rating and set a $1,100.00 price target on shares of Markel in a research note on Friday, October 27th. Zacks Investment Research downgraded Markel from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. Finally, Boenning Scattergood restated a “buy” rating on shares of Markel in a research note 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. The stock currently has a consensus rating of “Hold” and a consensus target price of $1,109.50.
Several large investors have recently added to or reduced their stakes in MKL. Principal Financial Group Inc. raised its holdings in shares of Markel by 0.9% during the 3rd quarter. Principal Financial Group Inc. now owns 665,259 shares of the insurance provider’s stock valued at $710,484,000 after buying an additional 6,092 shares in the last quarter. Atlanta Capital Management Co. L L C raised its holdings in shares of Markel by 0.6% during the 3rd quarter. Atlanta Capital Management Co. L L C now owns 567,924 shares of the insurance provider’s stock valued at $606,532,000 after buying an additional 3,264 shares in the last quarter. Broad Run Investment Management LLC raised its holdings in shares of Markel by 1.1% during the 2nd quarter. Broad Run Investment Management LLC now owns 257,017 shares of the insurance provider’s stock valued at $250,813,000 after buying an additional 2,695 shares in the last quarter. Bessemer Group Inc. raised its holdings in shares of Markel by 1.3% during the 4th quarter. Bessemer Group Inc. now owns 179,515 shares of the insurance provider’s stock valued at $204,491,000 after buying an additional 2,314 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in shares of Markel by 8.3% during the 4th quarter. Victory Capital Management Inc. now owns 175,898 shares of the insurance provider’s stock valued at $200,371,000 after buying an additional 13,480 shares in the last quarter. 76.79% of the stock is currently owned by hedge funds and other institutional investors.
Markel (NYSE MKL) traded down $2.88 during mid-day trading on Tuesday, hitting $1,145.63. The stock had a trading volume of 2,142 shares, compared to its average volume of 40,473. The company has a debt-to-equity ratio of 0.28, a current ratio of 0.55 and a quick ratio of 0.55. The company has a market cap of $15,943.59 and a P/E ratio of 376.29. Markel has a 12 month low of $612.00 and a 12 month high of $1,157.30.
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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