Markel Corporation MKL has made an investment in national management consulting company, CapTech, through its wholly owned subsidiary Markel Ventures, Inc. However, the amount of investment remained undisclosed.
CapTech excels in providing services like transformation, customer engagement, data and analytics as well as customized IT solutions to create synergy between business and technology. The management consultant caters to a wide range of clients like private companies, public companies and government agencies.
Markel Ventures’ effective strategic and usually controlling investments outside its domain of specialty insurance help diversify its operations and open up more revenue generating avenues. This Markel Corporation affiliate consistently makes positive contributions to the parent company’s long-term financial performance by making substantial value additions.
CapTech’s collaborative approach enables organizations to better interact with customers, which in turn, allows them to convert information into sturdy data assets. Hence, Markel Ventures hopes to benefit from CapTech’s focus on creating an inclusive environment for its clients and employees.
The investment in CapTech will facilitate Markel Corporation to earn superior investment returns, which is expected to help in building shareholder value, going ahead. CapTech, on the other hand, will benefit from the outstanding customer service and the quality products that Markel Corporation is regarded for.
Zacks Rank and Stocks to Consider
Currently, Markel Corporation MKL carries a Zacks Rank #3 (Hold). Some better-ranked property and casualty insurers include Cincinnati Financial Corp. CINF, Hallmark Financial Services Inc. HALL and ACE Limited ACE. While Cincinnati Financial and Hallmark Financial sport Zacks Rank #1 (Strong Buy), ACE Limited holds a Zacks Rank #2 (Buy).
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