Markel Group Inc
MKL: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$1,875.00 | Zsbx | Vdzgmqs |
Markel Earnings: Underwriting a Little Weak, but Investment Results Are Strong
Markel produced a solid overall second quarter. While the company appears to be lagging its peers on the underwriting side, a relatively aggressive investing approach paid off this quarter. Overall, though, we don’t see anything that materially alters our long-term view and will maintain our $1,310 fair value estimate for the no-moat company. We see shares as slightly overvalued.