Markel Co. (NYSE:MKL) to Post Q2 2022 Earnings of $24.26 Per Share, William Blair Forecasts

Markel Co. (NYSE:MKLGet Rating) – Equities researchers at William Blair issued their Q2 2022 earnings estimates for Markel in a research note issued on Wednesday, April 27th. William Blair analyst J. Schmitt expects that the insurance provider will post earnings per share of $24.26 for the quarter. William Blair currently has a “Outperform” rating on the stock. William Blair also issued estimates for Markel’s Q3 2022 earnings at $20.24 EPS, Q4 2022 earnings at $21.54 EPS, Q1 2023 earnings at $18.70 EPS, Q2 2023 earnings at $27.53 EPS, Q3 2023 earnings at $22.74 EPS, Q4 2023 earnings at $23.54 EPS and FY2023 earnings at $92.50 EPS.

Markel (NYSE:MKLGet Rating) last announced its quarterly earnings data on Tuesday, April 26th. The insurance provider reported $19.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $16.60 by $3.07. Markel had a net margin of 14.33% and a return on equity of 6.30%. During the same quarter in the prior year, the business posted $10.12 EPS.

MKL has been the subject of a number of other reports. Zacks Investment Research lowered shares of Markel from a “hold” rating to a “sell” rating and set a $1,470.00 price objective for the company. in a report on Friday. Truist Financial upped their price target on Markel from $1,400.00 to $1,500.00 in a report on Thursday. Finally, StockNews.com assumed coverage on Markel in a report on Thursday, March 31st. They issued a “hold” rating for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $1,506.67.

Shares of NYSE MKL opened at $1,353.28 on Monday. The firm’s 50 day moving average price is $1,397.90 and its 200-day moving average price is $1,306.72. Markel has a 52-week low of $1,155.00 and a 52-week high of $1,519.24. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.65 and a current ratio of 0.66. The company has a market cap of $18.36 billion, a PE ratio of 10.57 and a beta of 0.73.

Hedge funds have recently modified their holdings of the company. Riverview Trust Co purchased a new position in shares of Markel during the 1st quarter valued at about $32,000. Koshinski Asset Management Inc. boosted its position in shares of Markel by 285.7% in the fourth quarter. Koshinski Asset Management Inc. now owns 27 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 20 shares during the period. Achmea Investment Management B.V. purchased a new stake in shares of Markel in the third quarter worth $34,000. Gradient Investments LLC raised its position in shares of Markel by 200.0% during the 4th quarter. Gradient Investments LLC now owns 30 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 20 shares during the period. Finally, CWM LLC purchased a new position in shares of Markel during the 4th quarter valued at $37,000. 77.42% of the stock is owned by hedge funds and other institutional investors.

In related news, Director Steven A. Markel sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, March 29th. The shares were sold at an average price of $1,486.02, for a total value of $2,229,030.00. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Anthony F. Markel sold 65 shares of the company’s stock in a transaction that occurred on Tuesday, February 8th. The shares were sold at an average price of $1,266.38, for a total transaction of $82,314.70. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,065 shares of company stock valued at $4,529,920. Company insiders own 1.74% of the company’s stock.

About Markel (Get Rating)

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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