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Markel Incurs Huge Catastrophe Losses -- and That's OK

TheMotleyFool 
0 0 27.10.17
Markel Incurs Huge Catastrophe Losses -- and That's OK
 
Markel Incurs Huge Catastrophe Losses -- and That's OK

Markel Corporation (NYSE: MKL) announced third-quarter 2017 results on Wednesday after the market closed, detailing large -- but expected -- catastrophe-related losses from its insurance segment. At the same time, the outperformance of Markel Ventures and the company's investment operations showcased the merits of its diversified business.

With shares up 2.2% on Thursday as investors absorbed the news, let's dig deeper to better understand what drove the specialty insurance and financial holding company as it entered the second half of the year.

Image source: The Motley Fool.

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Source: Fool.com

Markel Corp. Stock

€1,419.0
0.640%
The Markel Corp. stock is trending slightly upwards today, with an increase of €9.00 (0.640%) compared to yesterday's price.
With 0 Sell predictions and 1 Buy predictions the community sentiment towards the Markel Corp. stock is not clear.
With a target price of 1650 € there is a slightly positive potential of 16.28% for Markel Corp. compared to the current price of 1419.0 €.
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