Markel's not as cheap as a few months back


Markel's (MKL) June 30 book value per share of $451.72 is up 11.9% from 2012's end, putting the stock price at a 17.5% premium to book. It's quite a change from late December when the dive following the Alterra acquisition announcement allowed investors to pick up shares at book value - the stock's up 24% since.

Speaking of Alterra, the acquisition closed on May 1 and Markel CIO Tom Gayner is no doubt busy reallocating Alterra's cash and fixed income portfolio into stocks.

The earnings call is live on Seeking Alpha at 10:30 ET. Q2 results. (PR)

From other sites
Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs