Markel Group Inc
MKL: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$3,589.00 | Zkkv | Vjbfnrqtd |
Markel Reports Mixed Fourth Quarter
Markel saw a bit of a bounceback on the investing side in the fourth quarter, but the strength there was offset by weaker underwriting results. For the full year, book value per share declined 10%, due mainly to investment losses. Overall, we see nothing in the quarter that materially alters our long-term view, and we will maintain our $1,250 fair value estimate and no-moat rating.