Q1 2017 EPS Estimates for Markel Corp. Cut by William Blair (MKL)
Markel Corp. (NYSE:MKL) – Equities research analysts at William Blair dropped their Q1 2017 earnings per share estimates for Markel Corp. in a research report issued on Wednesday. William Blair analyst A. Klauber now anticipates that the brokerage will post earnings of $6.38 per share for the quarter, down from their prior forecast of $7.07. William Blair currently has a “Market Perform” rating on the stock. William Blair also issued estimates for Markel Corp.’s Q2 2017 earnings at $6.53 EPS, Q3 2017 earnings at $7.03 EPS, Q4 2017 earnings at $7.35 EPS, FY2017 earnings at $27.27 EPS and FY2018 earnings at $25.26 EPS.
MKL has been the topic of a number of other reports. SunTrust Banks Inc. raised their price target on shares of Markel Corp. from $920.00 to $950.00 and gave the stock a “neutral” rating in a research report on Thursday, August 4th. Zacks Investment Research downgraded shares of Markel Corp. from a “hold” rating to a “strong sell” rating in a research report on Tuesday, November 8th.
Markel Corp. (NYSE:MKL) opened at 882.92 on Monday. The firm’s 50-day moving average is $895.86 and its 200 day moving average is $927.11. Markel Corp. has a 12 month low of $805.03 and a 12 month high of $989.18. The firm has a market capitalization of $12.35 billion, a price-to-earnings ratio of 24.33 and a beta of 0.87.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Sumitomo Mitsui Trust Holdings Inc. increased its position in Markel Corp. by 14.6% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 44,686 shares of the company’s stock worth $42,576,000 after buying an additional 5,700 shares during the last quarter. Emerald Acquisition Ltd. acquired a new position in Markel Corp. during the second quarter worth about $138,973,000. Confluence Investment Management LLC increased its position in Markel Corp. by 3.1% in the second quarter. Confluence Investment Management LLC now owns 54,915 shares of the company’s stock worth $52,322,000 after buying an additional 1,666 shares during the last quarter. Mar Vista Investment Partners LLC increased its position in Markel Corp. by 4.3% in the second quarter. Mar Vista Investment Partners LLC now owns 110,749 shares of the company’s stock worth $105,519,000 after buying an additional 4,521 shares during the last quarter. Finally, Bank of Montreal Can acquired a new position in Markel Corp. during the second quarter worth about $2,178,000. Institutional investors own 75.12% of the company’s stock.
About Markel Corp.
Markel Corporation is a financial holding company serving a range of markets. The Company’s principal business markets and underwrites specialty insurance products. The Company monitors and reports its ongoing underwriting operations in three segments: U.S. Insurance, International Insurance and Reinsurance.
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