Wunderlich Securities Provides Color on Meadowbrook Insurance Group, Buy

Wunderlich Securities provided color on Meadowbrook Insurance Group (NYSE: MIG). In a research report published today, Wunderlich stressed its optimism about the company's performance, following meetings with the company's management.

In the report, Wunderlich states, "Discussions with investors centered on pricing trends in the property/casualty insurance industry as well as catalysts for MIG's earnings growth to accelerate from the single-digit forecast. In addition, questions focused on how MIG could attain the company's ROE goal of 15%. We anticipate MIG will experience valuation expansion as conservative management and a steady adherence to achievable goals result in fundamental earnings and book value growth regardless of market conditions."

At the moment, Wunderlich has a Buy rating and a price target of $12 placed on the company's stock. On Friday, Meadowbrook lost 0.21% of its value to close the week at $9.38.