Markel Co. (NYSE:MKL) – Equities research analysts at SunTrust Banks lifted their Q1 2018 earnings per share (EPS) estimates for shares of Markel in a research note issued to investors on Wednesday. SunTrust Banks analyst M. Hughes now expects that the insurance provider will earn $8.06 per share for the quarter, up from their previous forecast of $7.71. SunTrust Banks currently has a “Hold” rating and a $1,200.00 target price on the stock. SunTrust Banks also issued estimates for Markel’s Q2 2018 earnings at $8.23 EPS, Q3 2018 earnings at $8.66 EPS, Q4 2018 earnings at $8.66 EPS, FY2018 earnings at $33.61 EPS, Q1 2019 earnings at $8.80 EPS, Q2 2019 earnings at $9.00 EPS, Q3 2019 earnings at $9.41 EPS and Q4 2019 earnings at $9.41 EPS.

Other equities analysts also recently issued research reports about the company. Zacks Investment Research upgraded Markel from a “hold” rating to a “buy” rating and set a $1,253.00 target price on the stock in a research report on Friday, January 5th. Boenning Scattergood restated a “buy” rating on shares of Markel in a research report on Thursday, October 26th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $1,200.00 price objective on shares of Markel in a research report on Thursday. Four investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Markel currently has an average rating of “Hold” and a consensus target price of $1,172.00.

Markel (NYSE:MKL) opened at $1,084.97 on Monday. The firm has a market capitalization of $15,085.42, a P/E ratio of 42.09 and a beta of 0.95. Markel has a 1 year low of $612.00 and a 1 year 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.

In related news, Vice Chairman Steven A. Markel sold 200 shares of Markel stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $1,143.47, for a total transaction of $228,694.00. Following the transaction, the insider now owns 106,360 shares in the company, valued at $121,619,469.20. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, EVP Anne G. Waleski sold 838 shares of Markel stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $1,102.48, for a total value of $923,878.24. Following the transaction, the executive vice president now owns 4,150 shares in the company, valued at approximately $4,575,292. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,138 shares of company stock worth $2,373,344. 2.53% of the stock is currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in the stock. BlackRock Inc. lifted its position in Markel by 0.3% during the fourth quarter. BlackRock Inc. now owns 845,404 shares of the insurance provider’s stock worth $963,025,000 after buying an additional 2,155 shares in the last quarter. Principal Financial Group Inc. lifted its position in Markel by 0.9% during the third quarter. Principal Financial Group Inc. now owns 665,259 shares of the insurance provider’s stock worth $710,484,000 after buying an additional 6,092 shares in the last quarter. Atlanta Capital Management Co. L L C lifted its position in Markel by 0.6% during the third quarter. Atlanta Capital Management Co. L L C now owns 567,924 shares of the insurance provider’s stock worth $606,532,000 after buying an additional 3,264 shares in the last quarter. Bessemer Group Inc. lifted its position in Markel by 1.3% during the fourth quarter. Bessemer Group Inc. now owns 179,515 shares of the insurance provider’s stock worth $204,491,000 after buying an additional 2,314 shares in the last quarter. Finally, Victory Capital Management Inc. increased its stake in Markel by 8.3% during the fourth quarter. Victory Capital Management Inc. now owns 175,898 shares of the insurance provider’s stock worth $200,371,000 after acquiring an additional 13,480 shares during the last quarter. Hedge funds and other institutional investors 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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