|Last Price$586.92||Day Change (%)0.76%|
|Open Price$583.00||Day Change ($)4.40|
|Day Range583.00–588.99||52-Week Range501.62–588.99|
As of Fri 03/14/2014 03:39 PM EST | USD
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.
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, ...
Our top managers continue to put money into wide-moat firms.
Interest in Apple is heating up as the price falls, but how deep is the conviction?
This fund's comeback from the financial crisis has been balky, but it still has promise.
We think Markel has a premier franchise in specialty insurance.
The firm is stepping out of Fairholme’s shadow, thanks to a big-time investor.
Plus, Wasatch Small Cap Growth closing, Brookfield buys Fairholme's General Growth equity stake, and more.
Plus, Fairholme's Berkowitz increases AIG stake, and more.
DIRECTV stands out among Berkshire's fourth-quarter stock purchases; IBM and Wells Fargo are other big buys.