Tom Gayner Buys LandAmerica Financial Group Inc., Intel Corp., American International Group Inc., Sells Medtronic Inc., Pitney Bowes Inc., Ambac Financial Group Inc.

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Feb 20, 2008
If you like to see what insurance stocks Gurus are buying, you should certainly look into what Tom Gayner does. Being CIO of Market Corp, Tom Gayner understands insurance business. These are his buys and sells during the fourth quarter.


Tom Gayner buys LandAmerica Financial Group Inc., Intel Corp., American International Group Inc., sells Medtronic Inc., Pitney Bowes Inc., Countrywide Financial Corp., TCF Financial Corp., Selective Insurance Group Inc., Ambac Financial Group Inc. during the 3-months ended 12/31/2007, according to the most recent filings of his investment company, Markel Gayner Asset Management Corp. Tom Gayner owns 73 stocks with a total value of $2 billion. These are the details of the buys and sells.





New Purchases: AIG, INTC, LFG,


Added Positions: BAC, CTAS, FNF, IBM, JNJ, LOW, MAR, MSFT, WAG,


Reduced Positions: ISCA, TIF,


Sold Out: ABK, CFC, MDT, PBI, SIGI, TCB,





For the details of Tom Gayner's stock buys and sells, go to http://www.gurufocus.com/StockBuy.php?GuruName=Tom+Gayner


Added: Fidelity National Financial Inc. (FNF, Financial)


Tom Gayner added to his holdings in Fidelity National Financial Inc. by 125.34%. His purchase prices were between $13.75 and $17.03, with an estimated average price of $15.2. The impact to his portfolio due to this purchase was 0.7%. His holdings were 1,680,600 shares as of 12/31/2007.


Fidelity National Financial, Inc., through its subsidiaries, offers title insurance, specialty insurance, and claims management services in the United States. Fidelity National Financial Inc. has a market cap of $3.77 billion; its shares were traded at around $18.06 with a P/E ratio of 30.12 and P/S ratio of 0.69. The dividend yield of Fidelity National Financial Inc. stocks is 7.1%.


Added: Bank of America Corp. (BAC, Financial)


Tom Gayner added to his holdings in Bank of America Corp. by 33.72%. His purchase prices were between $41.1 and $51.32, with an estimated average price of $44.6. The impact to his portfolio due to this purchase was 0.39%. His holdings were 728,946 shares as of 12/31/2007.


Bank of America Corp. has a market cap of $189.36 billion; its shares were traded at around $42.7 with a P/E ratio of 12.76 and P/S ratio of 3.27. The dividend yield of Bank of America Corp. stocks is 6.5%.


Added: Marriott International Inc. (MAR, Financial)


Tom Gayner added to his holdings in Marriott International Inc. by 25.2%. His purchase prices were between $31.49 and $41.78, with an estimated average price of $36.8. The impact to his portfolio due to this purchase was 0.38%. His holdings were 1,082,786 shares as of 12/31/2007.


Marriott International, Inc., a hospitality company, operates and franchises hotels and related lodging facilities worldwide. It develops, operates, and franchises hotels and corporate housing properties under 15 brand names. Marriott International Inc. has a market cap of $12.98 billion; its shares were traded at around $35.53 with a P/E ratio of 19.41 and P/S ratio of 1.00. The dividend yield of Marriott International Inc. stocks is 0.9%.


Added: Johnson & Johnson (JNJ, Financial)


Tom Gayner added to his holdings in Johnson & Johnson by 8.07%. His purchase prices were between $63.83 and $68.03, with an estimated average price of $66.3. The impact to his portfolio due to this purchase was 0.14%. His holdings were 536,689 shares as of 12/31/2007.


Johnson & Johnson engages in the manufacture and sale of various products in the health care field worldwide. The company operates in three segments: Consumer, Pharmaceutical, and Medical Devices and Diagnostics. Johnson & Johnson has a market cap of $183.93 billion; its shares were traded at around $62.9 with a P/E ratio of 17.52 and P/S ratio of 2.97. The dividend yield of Johnson & Johnson stocks is 2.7%.


Added: Walgreen Company (WAG, Financial)


Tom Gayner added to his holdings in Walgreen Company by 530.89%. His purchase prices were between $36.49 and $39.98, with an estimated average price of $38.3. The impact to his portfolio due to this purchase was 0.11%. His holdings were 65,360 shares as of 12/31/2007.


Walgreen Co. operates a chain of drugstores in the United States. These drugstores sell prescription and non-prescription drugs, and general merchandise. Walgreen Company has a market cap of $35.11 billion; its shares were traded at around $35.47 with a P/E ratio of 17.19 and P/S ratio of 0.64. The dividend yield of Walgreen Company stocks is 1.1%.


Added: Lowe's Companies Inc. (LOW, Financial)


Tom Gayner added to his holdings in Lowe's Companies Inc. by 61.39%. His purchase prices were between $22.18 and $28.74, with an estimated average price of $24.7. The impact to his portfolio due to this purchase was 0.07%. His holdings were 153,800 shares as of 12/31/2007.


Lowe's Companies, Inc. and its subsidiaries operate as a home improvement retailer in the United States and Canada. The company offers a range of products and services for home decoration, maintenance, repair, remodeling, and property maintenance. Lowe's Companies Inc. has a market cap of $33.84 billion; its shares were traded at around $23.33 with a P/E ratio of 11.71 and P/S ratio of 0.71. The dividend yield of Lowe's Companies Inc. stocks is 1.3%.


Added: Cintas Corp. (CTAS, Financial)


Tom Gayner added to his holdings in Cintas Corp. by 75%. His purchase prices were between $31.55 and $36.55, with an estimated average price of $34. The impact to his portfolio due to this purchase was 0.05%. His holdings were 70,000 shares as of 12/31/2007.


Cintas Corporation provides specialty products and services to various businesses in the United States and Canada. The company operates through two segments, Rentals and Other Services. Cintas Corp. has a market cap of $4.53 billion; its shares were traded at around $29.78 with a P/E ratio of 14.13 and P/S ratio of 1.20. The dividend yield of Cintas Corp. stocks is 1.4%.


Added: International Business Machines Corp (IBM, Financial)


Tom Gayner added to his holdings in International Business Machines Corp by 98.08%. His purchase prices were between $99.87 and $116.95, with an estimated average price of $108.5. The impact to his portfolio due to this purchase was 0.05%. His holdings were 20,600 shares as of 12/31/2007.


International Business Machines Corporation (IBM) engages in the development and manufacture of the advanced information technologies, including computer systems, software, storage systems, and microelectronics. International Business Machines Corp has a market cap of $145.95 billion; its shares were traded at around $106.16 with a P/E ratio of 14.62 and P/S ratio of 1.49. The dividend yield of International Business Machines Corp stocks is 1.5%.


Added: Microsoft Corp. (MSFT, Financial)


Tom Gayner added to his holdings in Microsoft Corp. by 104.28%. His purchase prices were between $30.07 and $36.94, with an estimated average price of $34.1. The impact to his portfolio due to this purchase was 0.02%. His holdings were 19,590 shares as of 12/31/2007.


Microsoft Corp. has a market cap of $262.18 billion; its shares were traded at around $28.42 with a P/E ratio of 16.02 and P/S ratio of 4.55. The dividend yield of Microsoft Corp. stocks is 1.4%.


New Purchase: LandAmerica Financial Group Inc. (LFG, Financial)


Tom Gayner initiated holdings in LandAmerica Financial Group Inc.. His purchase prices were between $24.92 and $37.87, with an estimated average price of $30. The impact to his portfolio due to this purchase was 1.59%. His holdings were 930,500 shares as of 12/31/2007.


LandAmerica Financial Group, Inc., through its subsidiaries, principally engages in the title insurance business in the United States and internationally. LandAmerica Financial Group Inc. has a market cap of $603.49 million; its shares were traded at around $39.32 with a P/E ratio of 25.26 and P/S ratio of 0.15. The dividend yield of LandAmerica Financial Group Inc. stocks is 3.2%.


New Purchase: Intel Corp. (INTC, Financial)


Tom Gayner initiated holdings in Intel Corp.. His purchase prices were between $24.92 and $27.56, with an estimated average price of $26. The impact to his portfolio due to this purchase was 0.2%. His holdings were 146,542 shares as of 12/31/2007.


Intel Corporation engages in the manufacture and sale of semiconductor chips, as well as in the development of advanced integrated digital technology platforms for the computing and communications industries worldwide. Intel Corp. has a market cap of $117.75 billion; its shares were traded at around $20.11 with a P/E ratio of 17.16 and P/S ratio of 3.06. The dividend yield of Intel Corp. stocks is 2.3%.


New Purchase: American International Group Inc. (AIG, Financial)


Tom Gayner initiated holdings in American International Group Inc.. His purchase prices were between $52.84 and $67.85, with an estimated average price of $59.1. The impact to his portfolio due to this purchase was 0.13%. His holdings were 42,955 shares as of 12/31/2007.


American International Group Inc. has a market cap of $119.28 billion; its shares were traded at around $46.11 with a P/E ratio of 8.20 and P/S ratio of 0.96. The dividend yield of American International Group Inc. stocks is 1.5%.


Reduced: International Speedway Corp. (ISCA)


Tom Gayner reduced to his holdings in International Speedway Corp. by 24.76%. His sale prices were between $41.22 and $47.5, with an estimated average price of $43.6. The impact to his portfolio due to this sale was 0.28%. Tom Gayner still held 168,650 shares as of 12/31/2007.


International Speedway Corporation promotes motorsports entertainment activities in the United States. It primarily conducts racing events at its motorsports facilities. International Speedway Corp. has a market cap of $2.14 billion; its shares were traded at around $42.07 with a P/E ratio of 25.46 and P/S ratio of 2.65.


Reduced: Tiffany & Co. (TIF)


Tom Gayner reduced to his holdings in Tiffany & Co. by 40.56%. His sale prices were between $43.77 and $55.17, with an estimated average price of $48.5. The impact to his portfolio due to this sale was 0.14%. Tom Gayner still held 80,600 shares as of 12/31/2007.


Tiffany & Co., through its subsidiaries, engages in the design, manufacture, and retail of fine jewelry. Its jewelry products include gemstone jewelry and gemstone band rings, diamond rings and wedding bands for brides and grooms, Tiffany & Co. has a market cap of $5.09 billion; its shares were traded at around $38.52 with a P/E ratio of 16.05 and P/S ratio of 1.78. The dividend yield of Tiffany & Co. stocks is 1.6%.


Sold Out: TCF Financial Corp. (TCB)


Tom Gayner sold out his holdings in TCF Financial Corp.. His sale prices were between $17.64 and $25.45, with an estimated average price of $20.2. The impact to his portfolio due to this sale was less than 0.01%.


TCF Financial Corporation operates as the holding company for TCF Bank, which offers various banking services in the United States. It accepts various deposit products including consumer, small business, and commercial demand deposit accounts; TCF Financial Corp. has a market cap of $2.44 billion; its shares were traded at around $19.39 with a P/E ratio of 9.09 and P/S ratio of 2.37. The dividend yield of TCF Financial Corp. stocks is 5.2%.


Sold Out: Selective Insurance Group Inc. (SIGI)


Tom Gayner sold out his holdings in Selective Insurance Group Inc.. His sale prices were between $20.97 and $24.8, with an estimated average price of $22.9. The impact to his portfolio due to this sale was less than 0.01%.


Selective Insurance Group, Inc., together with its subsidiaries, provides property and casualty insurance products and diversified insurance products and services in the United States. Selective Insurance Group Inc. has a market cap of $1.29 billion; its shares were traded at around $24.45 with a P/E ratio of 9.20 and P/S ratio of 0.71. The dividend yield of Selective Insurance Group Inc. stocks is 2.2%.


Sold Out: Pitney Bowes Inc. (PBI)


Tom Gayner sold out his holdings in Pitney Bowes Inc.. His sale prices were between $36.48 and $45.42, with an estimated average price of $39.5. The impact to his portfolio due to this sale was less than 0.01%.


Pitney Bowes, Inc. provides mail processing equipment and integrated mail solutions for organizations worldwide. It operates two business groups, Mailstream Solutions and Mailstream Services. Pitney Bowes Inc. has a market cap of $8.05 billion; its shares were traded at around $37.29 with a P/E ratio of 22.62 and P/S ratio of 1.31. The dividend yield of Pitney Bowes Inc. stocks is 4%.


Sold Out: Medtronic Inc. (MDT)


Tom Gayner sold out his holdings in Medtronic Inc.. His sale prices were between $45.66 and $56.19, with an estimated average price of $49.1. The impact to his portfolio due to this sale was less than 0.01%.


Medtronic, Inc. engages in the development, manufacture, and marketing of medical devices worldwide. The company's Cardiac Rhythm Disease Management segment offers implantable devices, leads, ablation products, electrophysiology catheters, Medtronic Inc. has a market cap of $55.57 billion; its shares were traded at around $49.12 with a P/E ratio of 19.85 and P/S ratio of 4.42. The dividend yield of Medtronic Inc. stocks is 1.1%.


Sold Out: Countrywide Financial Corp. (CFC)


Tom Gayner sold out his holdings in Countrywide Financial Corp.. His sale prices were between $8.56 and $18.13, with an estimated average price of $12.2. The impact to his portfolio due to this sale was less than 0.01%.


Countrywide Financial Corporation, a holding company, engages in mortgage lending and other finance-related operations. The company operates in five segments: Mortgage Banking, Banking, Capital Markets, Insurance, and Global Operations. Countrywide Financial Corp. has a market cap of $3.96 billion; its shares were traded at around $6.93 with P/S ratio of 0.56. The dividend yield of Countrywide Financial Corp. stocks is 10%.


Sold Out: Ambac Financial Group Inc. (ABK)


Tom Gayner sold out his holdings in Ambac Financial Group Inc.. His sale prices were between $22.66 and $68.01, with an estimated average price of $33.2. The impact to his portfolio due to this sale was less than 0.01%.


Ambac Financial Group, Inc., through its subsidiaries, provides financial guarantee products and other financial services to clients in the public and private sectors worldwide. Ambac Financial Group Inc. has a market cap of $1.01 billion; its shares were traded at around $10.22 with P/S ratio of 1.01. The dividend yield of Ambac Financial Group Inc. stocks is 7.3%.