Wunderlich Securities Initiates Coverage on Meadowbrook Insurance Group (MIG) with a Buy
More News related to MIG
- Meadowbrook Insurance Group, Inc. CEO to Present at FBR Capital Markets 2009 Fall Investor Conference in New York on Tuesday, December 1, 2009
- Meadowbrook Insurance (MIG) Posts Q3 Operating EPS of $0.20
- Meadowbrook Insurance Group, Inc. Reports Third Quarter Results
- Meadowbrook Insurance Group, Inc. Announces Date for Third Quarter 2009 Earnings Conference Call
- Meadowbrook Insurance Group (MIG) Repurchases 300K Shares of Common Stock From Director
More News related to New Coverage
- Cascade Microtech's (CSCD) CEO, Wild, to Resign
- Qualcomm (QCOM) Appoints Rich Sulpizio to President and CEO of QCOM Enterprise Services
- ConocoPhillips (COP) Promotes Larry Archibald to SVP, Exploration and Business Development
- GM's Chairman, Ed Whitacre, has said that the search for a CEO could take as long as a year
- Pegasystems (PEGA) Names Grant Johnson to Chief Marketing Officer
Wunderlich Securities initiates coverage on Meadowbrook Insurance Group (NYSE: MIG) with a Buy. Price target $8.50.
Wunderlich analyst says, "We believe Meadowbrook presents an excellent investment opportunity to purchase a company at a discount to book value that is positioned to take advantage of the synergies presented by its recent acquisition of ProCentury. We believe the merging of the two disparate, almost opposite organizations offers solid growth potential as MIG's agent distribution gains access to ProCentury's excess and surplus lines products. A conservative balance sheet and disciplined underwriting should insure Meadowbrook's book value and return on equity rise over the next year."
To see more analyst ratings on MIG Click Here.
Meadowbrook Insurance Group, Inc. (Meadowbrook) is a specialty insurance underwriter and insurance administration services company.
Related Categories
New CoverageStocks Mentioned
+0.14Related Entities
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
