Meadowbrook Insurance Group Reaches New 52-Week High (MIG)

NEW YORK ( TheStreet) -- Meadowbrook Insurance Group (NYSE: MIG) hit a new 52-week high Thursday as it is currently trading at $10.93, above its previous 52-week high of $10.90 with 72,391 shares traded as of 12:14 p.m. ET. Average volume has been 236,200 shares over the past 30 days.

Meadowbrook Insurance Group has a market cap of $553.4 million and is part of the financial sector and insurance industry. Shares are up 1.6% year to date as of the close of trading on Wednesday.

Meadowbrook Insurance Group, Inc., through its subsidiaries, operates as a specialty commercial insurance underwriter and insurance administration services company in the United States. The company has a P/E ratio of 11.4, equal to the average insurance industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Meadowbrook Insurance Group as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, attractive valuation levels and solid stock price performance. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Meadowbrook Insurance Group Ratings Report.

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