Markel Approves $300M Share Buyback
November 25th, 2013
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