Meadowbrook Insurance Group Inc. Reaches New 12-Month Low at $5.86 (MIG)
Meadowbrook Insurance Group (NYSE:MIG)’s share price reached a new 52-week low during trading on Tuesday, American Banking News reports. The stock traded as low as $5.86 and last traded at $5.90, with a volume of 96,639 shares traded. The stock had previously closed at $5.94.
A number of research firms have recently commented on MIG. Analysts at Zacks upgraded shares of Meadowbrook Insurance Group from an “underperform” rating to a “neutral” rating in a research note to investors on Tuesday, January 7th. They now have a $7.10 price target on the stock. Finally, analysts at Compass Point downgraded shares of Meadowbrook Insurance Group from a “buy” rating to a “neutral” rating in a research note to investors on Thursday, November 7th. They now have a $8.00 price target on the stock. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $8.73.
Meadowbrook Insurance Group has a 52 week low of $5.86 and a 52 week high of $8.90. The stock’s 50-day moving average is $6.69 and its 200-day moving average is $6.80. The company’s market cap is $293.8 million.
Meadowbrook Insurance Group, Inc (NYSE:MIG) is a specialty commercial insurance underwriter and insurance administration services company.
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