Shares of MIG traded higher by 1.00% or $0.11/share to $11.11. Meadowbrook Insurance Group Inc. is trading at a price to book ratio of 0.97. This indicates that the value of the company's underlying assets exceeds today's market price. The PEG is 1.25. The price to sales ratio came in at 0.69. Hence, the firm is extremely cheap relative to its top line sales figures. On average, 237151 shares of MIG exchange hands on a given day and today's volume is recorded at 323910. These financial metrics combined make this company seem undervalued. Value investors may have an eye on this one, especially if the stock gets cheaper.
Meadowbrook Insurance Group, Inc. (Meadowbrook) is a specialty focused commercial insurance underwriter and insurance administration services company.
