Markel Just Soared to a New All-Time High, but Could It Go Even Higher?

Markel (NYSE: MKL) is often compared to an earlier-stage Berkshire Hathaway because it's an insurance company that also makes stock market investments and acquires businesses. And like Berkshire, Markel isn't known for its rapid price swings.However, the stock is soaring after the company reported its fourth-quarter earnings. As of 10:10 a.m. ET, Markel's stock was up by nearly 7% for the day to a new all-time high, surpassing the $2,000 share price for the first time ever.To be sure, Markel's earnings results were strong. The company beat expectations on the top and bottom lines. Net investment income increased by 25%, and revenue from the insurance and Markel Ventures businesses both grew. Overall, Markel's operating income increased by 27%.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool