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Markel Corporation Buyback

OLI recorded this information on 11/21/2013

Company: Markel Corporation
Buyback: MKL buyback
$Amount Authorized: $300,000,000
Buyback Details: Markel Corporation (NYSE: MKL) announced today that its board of directors has authorized a new share repurchase program covering purchases up to $300 million. The program replaces a similar program initially authorized in November 2010 under which approximately $101 million of the Company's common stock was repurchased over the last three years. Under the new program, as under the previous program, management has the discretion to purchase shares at prices that are deemed reasonable in light of circumstances at the time of purchase. Purchases are generally expected to be made through open market transactions.

Markel Group is a financial holding company. Through its subsidiaries, Co.'s principal business markets and underwrites specialty insurance products using multiple platforms. Co.'s investing activities are related to its underwriting operations. Co.'s insurance operations include: underwriting, which include its risk-bearing insurance and reinsurance operations; insurance-linked securities (ILS), provide investment management services for various investment products, including ILS, catastrophe bonds, insurance swaps and weather derivatives; and program services, which serves as a fronting platform that provides other insurance entities access to the property and casualty insurance market.

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Company Name:  Markel Group Inc
Stock buyback:  MKL buyback
Website:  www.markel.com
Sector:  Insurance Brokers
Number of ETFs Holding MKL:  53
Total Market Value Held by ETFs:  $1.97B
Total Market Capitalization:  $18.78B
% of Market Cap. Held by ETFs:  10.50%
 

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April 16, 2024    1:58 PM Eastern
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Hold (2.00 out of 4)
100th percentile
(ranked higher than approx. 100% of all stocks covered)

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