Markel Corporation Expected to Earn FY2019 Earnings of $28.50 Per Share (MKL)

Markel Corporation (NYSE:MKL) – Stock analysts at Boenning Scattergood issued their FY2019 earnings per share estimates for shares of Markel Corporation in a research report issued to clients and investors on Thursday. Boenning Scattergood analyst R. Farnam forecasts that the insurance provider will post earnings per share of $28.50 for the year. Boenning Scattergood currently has a “Buy” rating and a $1,050.00 target price on the stock.

Markel Corporation (NYSE:MKL) last posted its quarterly earnings data on Wednesday, July 26th. The insurance provider reported $9.94 EPS for the quarter, topping the Zacks’ consensus estimate of $6.27 by $3.67. Markel Corporation had a net margin of 7.58% and a return on equity of 4.81%. The company had revenue of $1.46 billion during the quarter, compared to the consensus estimate of $1.46 billion.

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Several other research analysts have also recently weighed in on the stock. BidaskClub cut shares of Markel Corporation from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Royal Bank Of Canada restated a “hold” rating and set a $1,050.00 price target on shares of Markel Corporation in a report on Tuesday, October 3rd. Zacks Investment Research cut shares of Markel Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, October 3rd. Finally, ValuEngine upgraded shares of Markel Corporation from a “sell” rating to a “hold” rating in a report on Tuesday, August 1st. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and an average price target of $1,050.00.

In other Markel Corporation news, CEO Richard R. Whitt III sold 100 shares of the business’s stock in a transaction dated Wednesday, August 2nd. The shares were sold at an average price of $1,085.31, for a total value of $108,531.00. Following the transaction, the chief executive officer now directly owns 12,239 shares in the company, valued at $13,283,109.09. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Steven A. Markel sold 3,875 shares of the business’s stock in a transaction dated Tuesday, August 1st. The shares were sold at an average price of $1,074.48, for a total transaction of $4,163,610.00. Following the completion of the transaction, the insider now owns 109,650 shares in the company, valued at $117,816,732. The disclosure for this sale can be found here. Over the last quarter, insiders sold 6,027 shares of company stock worth $6,438,990. Corporate insiders own 2.53% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in MKL. Proficio Capital Partners LLC boosted its stake in Markel Corporation by 40.3% in the second quarter. Proficio Capital Partners LLC now owns 94 shares of the insurance provider’s stock valued at $101,000 after acquiring an additional 27 shares during the last quarter. Korea Investment CORP boosted its stake in Markel Corporation by 138.9% in the second quarter. Korea Investment CORP now owns 129 shares of the insurance provider’s stock valued at $126,000 after acquiring an additional 75 shares during the last quarter. BDO Wealth Advisors LLC purchased a new position in Markel Corporation in the second quarter valued at about $166,000. Toronto Dominion Bank boosted its stake in Markel Corporation by 11.0% in the second quarter. Toronto Dominion Bank now owns 171 shares of the insurance provider’s stock valued at $167,000 after acquiring an additional 17 shares during the last quarter. Finally, Quantbot Technologies LP boosted its stake in Markel Corporation by 775.0% in the second quarter. Quantbot Technologies LP now owns 210 shares of the insurance provider’s stock valued at $204,000 after acquiring an additional 186 shares during the last quarter. Hedge funds and other institutional investors own 76.47% of the company’s stock.

Markel Corporation 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 Corporation (NYSE:MKL)

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