Brokerages Anticipate Markel Co. (MKL) to Announce $8.71 EPS

Wall Street analysts expect Markel Co. (NYSE:MKL) to post earnings of $8.71 per share for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Markel’s earnings, with estimates ranging from $7.79 to $10.27. Markel posted earnings per share of $2.82 during the same quarter last year, which indicates a positive year over year growth rate of 208.9%. The firm is scheduled to issue its next earnings results on Wednesday, April 25th.

On average, analysts expect that Markel will report full-year earnings of $36.49 per share for the current year, with EPS estimates ranging from $33.61 to $40.00. For the next fiscal year, analysts anticipate that the firm will report earnings of $38.21 per share, with EPS estimates ranging from $36.63 to $41.00. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Markel.

Markel (NYSE:MKL) last released its earnings results on Tuesday, February 6th. The insurance provider reported $6.64 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $8.55 by ($1.91). Markel had a return on equity of 0.39% and a net margin of 6.52%. The firm had revenue of $1.67 billion during the quarter, compared to analysts’ expectations of $1.58 billion.



MKL has been the subject of a number of recent research reports. ValuEngine downgraded Markel from a “hold” rating to a “sell” rating in a research report on Thursday, March 1st. William Blair raised Markel from a “market perform” rating to an “outperform” rating in a research report on Monday, March 19th. Royal Bank of Canada reissued a “hold” rating and issued a $1,200.00 target price on shares of Markel in a research report on Thursday, February 8th. Zacks Investment Research downgraded Markel from a “buy” rating to a “hold” rating in a research report on Thursday, January 11th. Finally, Argus initiated coverage on Markel in a report on Wednesday. They issued a “hold” rating for the company. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $1,184.25.

In other news, insider Alan I. Kirshner sold 100 shares of the firm’s stock in a transaction on Monday, April 2nd. The stock was sold at an average price of $1,149.02, for a total value of $114,902.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Steven A. Markel sold 200 shares of the firm’s stock in a transaction on Thursday, March 29th. The stock was sold at an average price of $1,165.33, for a total value of $233,066.00. Following the completion of the transaction, the insider now directly owns 105,629 shares of the company’s stock, valued at $123,092,642.57. The disclosure for this sale can be found here. Insiders sold 1,800 shares of company stock valued at $2,012,582 over the last ninety days. Corporate insiders own 2.53% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its stake in Markel by 0.3% during the fourth quarter. BlackRock Inc. now owns 845,404 shares of the insurance provider’s stock valued at $963,025,000 after buying an additional 2,155 shares during the period. Bessemer Group Inc. boosted its stake in Markel by 1.3% during the fourth 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 during the period. Victory Capital Management Inc. boosted 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 valued at $200,371,000 after buying an additional 13,480 shares during the period. Mar Vista Investment Partners LLC lifted its stake in Markel by 15.9% during the fourth quarter. Mar Vista Investment Partners LLC now owns 133,921 shares of the insurance provider’s stock worth $152,553,000 after purchasing an additional 18,326 shares during the last quarter. Finally, Bares Capital Management Inc. lifted its stake in Markel by 6.8% during the third quarter. Bares Capital Management Inc. now owns 125,152 shares of the insurance provider’s stock worth $133,660,000 after purchasing an additional 7,964 shares during the last quarter. 78.15% of the stock is owned by hedge funds and other institutional investors.

NYSE:MKL traded down $0.31 during trading hours on Friday, reaching $1,153.52. The stock had a trading volume of 4,880 shares, compared to its average volume of 33,355. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.60 and a quick ratio of 0.60. Markel has a 12-month low of $936.95 and a 12-month high of $1,194.98. The company has a market capitalization of $16,055.54, a P/E ratio of 318.74 and a beta of 0.89.

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Markel Company Profile

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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Earnings History and Estimates for Markel (NYSE:MKL)

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