Q2 2022 EPS Estimates for Markel Co. (NYSE:MKL) Reduced by William Blair

Markel Co. (NYSE:MKLGet Rating) – William Blair reduced their Q2 2022 EPS estimates for Markel in a research note issued on Monday, August 1st. William Blair analyst J. Schmitt now forecasts that the insurance provider will post earnings per share of $21.66 for the quarter, down from their prior estimate of $24.26. William Blair currently has a “Outperform” rating on the stock. The consensus estimate for Markel’s current full-year earnings is $71.93 per share.

Markel (NYSE:MKLGet Rating) last posted its quarterly earnings data on Tuesday, August 2nd. The insurance provider reported $45.02 EPS for the quarter, topping the consensus estimate of $21.43 by $23.59. Markel had a net margin of 0.83% and a return on equity of 5.86%. During the same quarter last year, the business earned $19.14 earnings per share.

Several other research firms have also commented on MKL. Royal Bank of Canada dropped their price objective on shares of Markel from $1,650.00 to $1,600.00 and set an “outperform” rating for the company in a research note on Thursday. Truist Financial lifted their target price on Markel from $1,400.00 to $1,500.00 in a research report on Thursday, April 28th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Markel currently has a consensus rating of “Hold” and a consensus price target of $1,550.00.

Markel Stock Down 2.7 %

NYSE MKL opened at $1,181.86 on Thursday. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 0.33. The company has a fifty day moving average of $1,302.96 and a two-hundred day moving average of $1,329.63. The firm has a market capitalization of $16.04 billion, a price-to-earnings ratio of 671.52 and a beta of 0.70. Markel has a 52 week low of $1,171.01 and a 52 week high of $1,519.24.

Hedge Funds Weigh In On Markel

A number of large investors have recently added to or reduced their stakes in MKL. Allspring Global Investments Holdings LLC bought a new position in Markel in the fourth quarter worth about $88,000. Yousif Capital Management LLC purchased a new stake in shares of Markel during the fourth quarter worth about $391,000. D.A. Davidson & CO. grew its stake in shares of Markel by 3.1% during the fourth quarter. D.A. Davidson & CO. now owns 2,257 shares of the insurance provider’s stock worth $2,785,000 after acquiring an additional 67 shares during the last quarter. CWM LLC purchased a new stake in shares of Markel during the fourth quarter worth about $37,000. Finally, Robeco Institutional Asset Management B.V. grew its stake in shares of Markel by 0.7% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 5,242 shares of the insurance provider’s stock worth $6,468,000 after acquiring an additional 36 shares during the last quarter. 77.07% of the stock is currently owned by institutional investors.

Insider Activity at Markel

In other news, Director Anthony F. Markel acquired 80 shares of the firm’s stock in a transaction that occurred on Tuesday, May 10th. The stock was purchased at an average cost of $1,305.14 per share, for a total transaction of $104,411.20. Following the completion of the acquisition, the director now directly owns 2,650 shares of the company’s stock, valued at approximately $3,458,621. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO Thomas Sinnickson Gayner bought 50 shares of Markel stock in a transaction on Monday, May 9th. The stock was acquired at an average cost of $1,306.00 per share, for a total transaction of $65,300.00. Following the completion of the acquisition, the chief executive officer now owns 42,027 shares of the company’s stock, valued at approximately $54,887,262. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Anthony F. Markel bought 80 shares of Markel stock in a transaction on Tuesday, May 10th. The stock was purchased at an average price of $1,305.14 per share, with a total value of $104,411.20. Following the completion of the acquisition, the director now directly owns 2,650 shares of the company’s stock, valued at approximately $3,458,621. The disclosure for this purchase can be found here. 1.74% of the stock is currently owned by corporate insiders.

About Markel

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Markel Corporation, a diverse financial holding company, markets and underwrites specialty insurance products in the United States, Bermuda, the United Kingdom, rest of Europe, Canada, the Asia Pacific, and the Middle East. Its Insurance segment offers general and professional liability, personal lines, marine and energy, specialty programs, and workers' compensation insurance products; and property coverages that include fire, allied lines, and other specialized property coverages, including catastrophe-exposed property risks, such as earthquake and wind.

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Earnings History and Estimates for Markel (NYSE:MKL)

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