Is Markel Stock a Buy?

Insurance company stocks have performed quite well over the past couple of years despite market volatility driven by macroeconomic issues, inflation, and tightening monetary policy. Insurance companies are well-positioned to take advantage of rising interest rates and can be good hedges against inflation. Over the last three years, specialty insurer Markel (NYSE: MKL) has returned 59%, outpacing the S&P 500's 36% total return.