Brokerages expect Markel Corporation (NYSE:MKL) to announce $1.49 billion in sales for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Markel Corporation’s earnings, with estimates ranging from $1.48 billion to $1.52 billion. Markel Corporation reported sales of $1.40 billion in the same quarter last year, which indicates a positive year over year growth rate of 6.4%. The company is scheduled to announce its next quarterly earnings report on Tuesday, November 7th.
On average, analysts expect that Markel Corporation will report full-year sales of $1.49 billion for the current fiscal year, with estimates ranging from $5.82 billion to $5.92 billion. For the next financial year, analysts anticipate that the firm will post sales of $6.01 billion per share, with estimates ranging from $5.93 billion to $6.17 billion. Zacks’ sales averages are a mean average based on a survey of research firms that that provide coverage for Markel Corporation.
Markel Corporation (NYSE:MKL) last issued its earnings results on Wednesday, July 26th. The insurance provider reported $9.94 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $6.27 by $3.67. Markel Corporation had a return on equity of 4.81% and a net margin of 7.58%. The business had revenue of $1.46 billion during the quarter, compared to analysts’ expectations of $1.46 billion.
Several research firms recently issued reports on MKL. ValuEngine raised Markel Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday. Boenning Scattergood set a $1,050.00 price objective on Markel Corporation and gave the company a “buy” rating in a research note on Wednesday, July 26th. BidaskClub raised Markel Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 5th. Finally, Zacks Investment Research lowered Markel Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, April 25th. Five analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $1,000.00.
A number of large investors have recently modified their holdings of MKL. FMR LLC raised its stake in shares of Markel Corporation by 9.8% in the fourth quarter. FMR LLC now owns 11,063 shares of the insurance provider’s stock valued at $10,007,000 after buying an additional 991 shares during the period. Guggenheim Capital LLC raised its stake in shares of Markel Corporation by 8.8% in the fourth quarter. Guggenheim Capital LLC now owns 385 shares of the insurance provider’s stock valued at $348,000 after buying an additional 31 shares during the period. UBS Asset Management Americas Inc. raised its stake in shares of Markel Corporation by 45.0% in the fourth quarter. UBS Asset Management Americas Inc. now owns 46,437 shares of the insurance provider’s stock valued at $42,002,000 after buying an additional 14,418 shares during the period. Teachers Advisors LLC raised its stake in shares of Markel Corporation by 4.4% in the fourth quarter. Teachers Advisors LLC now owns 14,911 shares of the insurance provider’s stock valued at $13,487,000 after buying an additional 622 shares during the period. Finally, First Financial Bank N.A. Trust Division purchased a new stake in shares of Markel Corporation during the first quarter valued at about $200,000. 76.11% of the stock is owned by hedge funds and other institutional investors.
Markel Corporation (MKL) opened at 1069.80 on Thursday. The firm has a 50-day moving average price of $991.58 and a 200-day moving average price of $968.73. The firm has a market cap of $14.88 billion, a PE ratio of 36.99 and a beta of 1.02. Markel Corporation has a one year low of $811.05 and a one year high of $1,086.68.
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About Markel Corporation
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.
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