|Last Price$659.02||Day Change (%)-0.12%|
|Open Price$659.19||Day Change ($)-0.78|
|Day Range658.00–665.68||52-Week Range508.62–666.00|
As of Tue 09/02/2014 03:16 PM EST | USD
Our model portfolio continues to outpace the market.
On Tuesday, Markel MKL reported first-half earnings of $16.77 per share, exceeding our expectations. We plan to increase our $425 fair value estimate. In the first half, Markel delivered owners a solid 19.21% annualized return on equity, thanks to a pleasing 9.8% underwriting margin. In addition, ...
A group of top managers remains cautious and commits more capital to traditional defensive sectors, while taking advantage of a rising (and potentially overvalued) market to book some gains.
Our picks from the ideas of some of the best investment minds around.
Markel is one of the best-managed insurers we follow.
Our top managers continue to focus on higher-quality businesses rather than seeking out bargains in a market that (in many of their minds) has become fully valued.
The pickings continue to get slimmer for a proven group of top fund managers as the market continues to trade around its all-time high.
Our top managers continue to put money into wide-moat firms.
Our top managers remain cautious, focusing more on relative valuation and increasing their willingness to book gains in the face of a rising (but potentially overvalued) market.
Interest in Apple is heating up as the price falls, but how deep is the conviction?