Markel no longer (as much) on sale

|About: Markel Corporation (MKL)|By:, SA News Editor

Markel (MKL -0.4%) bulls can fondly recall December 2012, when a dive in the stock following the announcement of the Alterra acquisition allowed them to buy more of this serial compounder at book value.

Amid the integration of Alterra's insurance operations, and its investment portfolio being turned over to CIO Tom Gaynor, Markel is up about 50% since and now trades at 1.3x March 31 book value per share of $493.96 (up 4% from Q4).

Previously: Markel Corp beats by $0.51, beats on revenue