Keefe, Bruyette & Woods Initiates Coverage On National Interstate With Market Perform Rating

According to Keefe, Bruyette & Woods, National Interstate Corporation NATL coverage is initiated with a Market Perform rating. Keefe, Bruyette Woods said that NATL, which is 52% owned by AFG, is a leading niche underwriter specializing in transportation and alternative risk transfer (ART) products. “We view NATL shares as fairly valued and initiate with a Market Perform rating.” National Interstate Corporation closed yesterday at $23.62.