|Last Price$952.96||Day Change (%)1.59%|
|Open Price$935.00||Day Change ($)14.95|
|Day Range935.00–954.46||52-Week Range775.00–989.18|
As of Fri 7/22/2016 5:44:00 PM | USD
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, ...
Top managers continue to find opportunities for new-money purchases (albeit fewer than in past periods), while taking full advantage of a rising stock market to book some gains.
Top managers continue to find new opportunities, while taking full advantage of a rising stock market to book some gains.
Our model portfolio continues to outpace the market.
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.
Our top managers continue to put money into wide-moat firms.
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 firm is stepping out of Fairholme’s shadow, thanks to a big-time investor.
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.