{"id":1922,"date":"2017-08-01T10:38:56","date_gmt":"2017-08-01T08:38:56","guid":{"rendered":"http:\/\/www.blog.asmus-puhl.com\/?p=1922"},"modified":"2017-08-01T10:38:56","modified_gmt":"2017-08-01T08:38:56","slug":"markel-is-on-an-acquisition-spree-once-again","status":"publish","type":"post","link":"http:\/\/www.blog.asmus-puhl.com\/?p=1922","title":{"rendered":"Markel is on an acquisition spree once again"},"content":{"rendered":"<p>Markel (NYSE:MKL) <a href=\"https:\/\/www.markelcorp.com\/About-Markel\/NewsRoom\/Reuters2289153\" target=\"_blank\" rel=\"noopener\">reported very good operating results in Q2 2017.<\/a><\/p>\n<p>Book value\/share outstanding climbed more than 6% from the end of 2016.<\/p>\n<p>The combined ratio fell to a very impressive 89%.<\/p>\n<p>But even more interesting this time was the acquisition activity:<\/p>\n<p>After completing the acquisition of Sure Tec Financial Corporation in April, Markel now announced the acquisition of a majority interest in Costa in Miami, Florida, the largest producer of ornamental plants in the world.<\/p>\n<p>And finally in July Markel announced the acquisition of the speciality property and casualty insurance services company State National (NASDAQ:SNC)<\/p>\n<p>Markel&#8217;s stock trades at 1,7 times\/book value per share, not cheap but perhaps a good moment to add some shares to existing positions!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Markel (NYSE:MKL) reported very good operating results in Q2 2017. Book value\/share outstanding climbed more than 6% from the end of 2016. The combined ratio fell to a very impressive 89%. But even more interesting this time was the acquisition activity: After completing the acquisition of Sure Tec Financial Corporation in April, Markel now announced [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3],"tags":[],"_links":{"self":[{"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/posts\/1922"}],"collection":[{"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1922"}],"version-history":[{"count":5,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/posts\/1922\/revisions"}],"predecessor-version":[{"id":1927,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=\/wp\/v2\/posts\/1922\/revisions\/1927"}],"wp:attachment":[{"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1922"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1922"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.blog.asmus-puhl.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1922"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}