Here’s What Makes Markel Corporation (MKL) an Attractive Investment

Madison Funds, managed by Madison Investment Management, released its “Madison Mid Cap Fund” fourth-quarter 2022 investor letter. A copy of the same can be downloaded here. In the fourth quarter, the fund increased by 9.6% compared to a 9.2% increase in the Russell Midcap Index. In addition, you can check the top 5 holdings of the fund to know its best picks in 2022.

Madison Funds highlighted stocks like Markel Corporation (NYSE:MKL) in its Q4 2022 investor letter. Headquartered in Glen Allen, Virginia, Markel Corporation (NYSE:MKL) is a financial holding company. On January 13, 2023, Markel Corporation (NYSE:MKL) stock closed at $1,439.96 per share. One-month return of Markel Corporation (NYSE:MKL) was 14.88%, and its shares gained 12.80% of their value over the last 52 weeks. Markel Corporation (NYSE:MKL) has a market capitalization of $19.368 billion.

Madison Funds made the following comment about Markel Corporation (NYSE:MKL) in its fourth-quarter 2022 investor letter:

“Strong performance from our insurance companies continued in the fourth quarter, with two showing up in the top five contributors, Arch Capital and Markel Corporation (NYSE:MKL). Both companies are capitalizing on a period of rising premium prices, which is referred to as a ‘hard’ market in insurance parlance. In our view, the current hard market conditions will continue for a couple more years, and through their experienced management teams, strong balance sheets, and expertise in many specialty lines, we believe Arch and Markel are well positioned to continue to benefit.”

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Markel Corporation (NYSE:MKL) is not on our 30 Most Popular Stocks Among Hedge Funds list. As per our database, 32 hedge fund portfolios held Markel Corporation (NYSE:MKL) at the end of the third quarter, which was 26 in the previous quarter.

We discussed Markel Corporation (NYSE:MKL) in another article and shared the growth stock picks of Warren Buffett. In addition, please check out our hedge fund investor letters Q4 2022 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.