Alterra Capital Holdings Limited

  • Mini-Berkshire Hathaway Acquiring a Competitor

    By Mike Thiessen - February 1, 2013 | Tickers: ALTE, BRK-B, MKL

    Markel (NYSE: MKL) entered into an agreement to acquire Alterra Capital Holdings (NASDAQ: ALTE) on December 19, 2012 for what works out to about $30 per share, around a 34% premium to the share price prior to the announcement and 1.07x tangible book value.  Each Alterra Capital Holdings share will get converted to 0.04315 shares of Markel plus a cash payment of $10.  The Boards of both companies more »

  • 2 Stocks for a Lifetime

    By Kyle Campbell - January 28, 2013 | Tickers: ALTE, BRK-B, BRK-A, IBM, MKL

    Note: This post contained incorrect information about IBM's net income growth. It has been corrected.

    Investing can seem like a daunting task, but it does not have to be that way. Rather than trying to put your eggs in too many baskets, why not just pick a basket or two with characteristics similar to the vaults of Fort Knox? In reducing the number of baskets to watch, you get more »

  • Billionaire Louis Bacon’s Best Stock Picks

    By Meena Krishnamsetty - January 14, 2013 | Tickers: ALTE, AGO, GNC, KOG, OAS

    Small and mid-cap stocks don’t get as much attention from analysts and the financial press, which often leaves them less efficiently priced than the large and mega-caps. Hedge funds sometimes take advantage of this by dedicating their research teams to work on these stocks as well, so they often earn substantial alpha from their investments.

    Retail investors can use hedge funds' top small-caps as a screening device; we’ve more »

  • Insiders Are Crazy About This Stock

    By Meena Krishnamsetty - January 4, 2013 | Tickers: ALTE, CNA, MKL, MIG, TRV

    Our database of insider trading activity shows some recent purchases at insurance company Markel (NYSE: MKL). Three insiders bought between 100 and 200 shares- even that is a moderately large insider buy, given the stock price in the $430 range- and a Board member bought 1,000 shares at an average price of $428.99 per share. Studies show that on average stocks bought by insiders tend to outperform the more »

  • This Stragetic Deal Could Enhance the Value of Mini-Berkshire

    By Anh HOANG - January 3, 2013 | Tickers: ALTE, CNA, MKL

    Recently, Markel Corporation (NYSE: MKL), which has long been considered the mini-Berkshire Hathaway, announced a big acquisition. Markel said that it would acquire Alterra Capital Holdings (NASDAQ: ALTE) for around $3.13 billion. Markel would pay Alterra’s investors $10 per share in cash and 0.4315 Markel’s shares per Alterra’s shares. The price tag of $3.13 billion would value Alterra at around $31 per share. After more »

  • Markel Bags a Whale: Is Now the Time to Buy?

    By Steve Symington - December 19, 2012 | Tickers: ALTE, BRK-B, BRK-A, MKL | Editor's Choice

    With echoes of Berkshire Hathaway's (NYSE: BRK-A)(NYSE: BRK-B) 2009 Burlington Northern deal, Markel (NYSE: MKL) this morning announced its largest acquisition to date with a $3 billion cash and stock agreement to buy rival Alterra Capital Holdings (NASDAQ: ALTE).  

    The offer, which converts each common share of Alterra into a right to receive 0.04315 shares of Markel and a cash payment of $10, valued ALTE at $31 more »