Archive for November, 2013

Markel Approves $300M Share Buyback

November 25th, 2013 Comments off

Markel Corp. (NYSE: MKL) announced that its board of directors has authorized a new share repurchase program covering purchases up to $300 million.

At a price/book ratio of just 1.2 management obviously thought that the best investment for Markel are its own shares.

The market still seemed to be worried about the Alterra integration but the share buyback announcement helped the share price to climb 2.6 % within 3 days.

Why don’t you join Markel’s decision to buy their shares, they are cheap ?!



Categories: Stocks / Aktien Tags:

Colfax will host its Annual Investor Event on December 17, 2013

November 19th, 2013 Comments off

Colfax Corporation (NYSE. CFX) will host its Annual Investor Event on December 17, 2013, only a few days before Christmas!

If you are not too busy to buy Christmas gifts at that time you’ll have a chance to get valuable insight into this fine company at this event!

Categories: Stocks / Aktien Tags:

Markel is definitively a “buy” at this price!

November 9th, 2013 Comments off

Markel Corporation (NYSE: MKL) likes to bore us with good results over many years as CIO Tom Gayner pointed out after a conversation with a longterm shareholder.

So let’s have a quick look at the “boring“ Q3 2013 results:

As always Seeking Alpha published the transcript of their 2013 Q3 Conference Call and the company published the 10Q.

Total operating revenues grew 39% to $3 billion in 2013, from $2.2 billion in 2012.

The increase is due to a 42% increase in revenues from the insurance operations which includes $531 million from the Alterra segment and a 41% increase in revenues from their non-insurance operations which they refer to as Markel Ventures, as CFO Anne Waleski explained.

As Alterra added 6 points the combined ratio was 97% for the first nine months of 2013 compared to 96% in 2012. This highlights the integration effort still to make with Alterra.

Book value per common share outstanding increased 14% to $462.33 in Q3 up from $403.85 at the end of 2012.

And now have a look at this:

In the first nine months of 2013, revenue from Markel Ventures were $486 million, compared to $345 million in 2012. Net income to shareholders from Markel Ventures doubled to $18 million in 2013, compared to $9 million in 2012!

The last couple of quarters we already learned about the rapidly increasing importance of Markel Ventures and now its share of EBITDA from the company rose 54% to $64.2 million, up from $41.5 million a year ago!

At yesterday’s closing price of $ 538.58 the market valued Markel at at price/book ratio of only 1.2

2 things will more than others drive results at Markel in the future: Further improving results from the insurance segments when Alterra Holdings will be successfully integrated and the ever growing importance of Markel Ventures.

This stock is definitively a buy at this price!

Categories: Stocks / Aktien Tags:

Markel reported Q3 2013 results!

November 8th, 2013 Comments off

Markel Corporation (NYSE: MKL) reported its Q3 2013 results!

Have a look!

Categories: Stocks / Aktien Tags: