BGB Securities Raises Meadowbrook Insurance Group PT To $13 (MIG)

BGB Securities raised its Meadowbrook Insurance Group MIG price target to $13 in a research report published today. BGB Securities has previously given Meadowbrook Insurance Group a Buy rating. In the report, BGB Securities states, "As expected, reserve releases continue to decline as an overall percentage of MIG's earnings yet earnings were in-line with expectations. Accident year loss ratios are down year-over-year due to lower assessments and higher charged premium rates. While the market believes premium rates should improve, MIG is having success getting rate increases." Shares of Meadowbrook Insurance Group were trading at $10.07 at the time of posting, down 1.66% from Tuesday's market close.