Markel's Valuation Remains Attractive, But Growth Outlook Tempers Enthusiasm (Rating Downgrades)

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  Posted by Two Blokes May 4 - Filed in Stock - 1 view
  
  Markel has outperformed its peers in the iShares U.S. Insurance ETF, delivering a 15% return over the past 6 months. We previously argued that MKL trades at a significant discount to its peers and its financial asset investments. However, now the growth outlook is deteriorating, making Markel less attractive.