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MKL

Markel

$1,123.60

-6.085 (-0.54%)

17:40
05/17/18
05/17
17:40
05/17/18
17:40

Markel board approves $300M share repurchase program

In a regulatory 8-K filing dated May 14th, Markel announces that its board approved a new share repurchase program with immediate effect authorizing the company to repurchase up to $300M of outstanding common stock. This program effectively terminates and replaces a similar program authorized in November 2013 under which approximately $176M of the company's common stock has been repurchased.

MKL Markel
$1,123.60

-6.085 (-0.54%)

02/08/18
RBCM
02/08/18
NO CHANGE
Target $1200
RBCM
Sector Perform
Markel price target raised to $1,200 from $1,125 at RBC Capital
RBC Capital analyst Mark Dwelle raised his price target on Markel to $1,200 after the company's "typically strong" Q4 earnings, citing "good underwriting and favorable investment results". The analyst notes that Markel's two insurance and one non-insurance acquisitions have helped position it in a market with improved pricing and growth opportunities. Dwelle believes the company represents an "attractive core holding", keeping his Sector Perform rating on valuation.
02/08/18
RHCO
02/08/18
NO CHANGE
Target $1200
RHCO
Hold
Markel price target raised to $1,200 from $1,100 at SunTrust
SunTrust analyst Mark Hughes raised his price target on Markel to $1,200 after a "solid" Q4 earnings report, supported by a strong equity portfolio performance with increased book value per share despite the material catastrophe losses. Based on the company's mid-single digit operating Return On Equity, the analyst says the stock is fairly valued, keeping his Hold rating.
03/19/18
WBLR
03/19/18
UPGRADE
WBLR
Outperform
Markel upgraded to Outperform from Market Perform at William Blair
William Blair analyst Adam Klauber upgraded Markel to Outperform citing the company's "expanding earnings levers."
04/11/18
ARGS
04/11/18
INITIATION
ARGS
Hold
Markel initiated with a Hold at Argus
Argus analyst John Staszak initiated Markel with a Hold rating, saying the company is expected to recover this year from the "substantial catastrophe losses" in 2017 while also benefiting from lower tax rates. The analyst adds that Markel enjoys a clean balance sheet, "ample" cash position, and continues its growth trends with acquisitions in insurance and non-insurance space. Staszak attributes his neutral stance to "full" valuation on Markel stock at 33.2-times expected FY18 EPS, which is close to the 34-times historical average but "well above" the 17.5-times average multiple for large insurers.

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GE

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