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Last $8.54 USD
Change Today +0.01 / 0.12%
Volume 297.6K
MIG On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 05/21/15 All times are local (Market data is delayed by at least 15 minutes).

meadowbrook insurance group (MIG) Snapshot

Open
$8.53
Previous Close
$8.53
Day High
$8.55
Day Low
$8.53
52 Week High
04/6/15 - $8.64
52 Week Low
09/29/14 - $5.66
Market Cap
429.6M
Average Volume 10 Days
343.6K
EPS TTM
$0.40
Shares Outstanding
50.3M
EX-Date
05/19/15
P/E TM
21.4x
Dividend
$0.08
Dividend Yield
0.94%
Current Stock Chart for MEADOWBROOK INSURANCE GROUP (MIG)

meadowbrook insurance group (MIG) Related Businessweek News

No Related Businessweek News Found

meadowbrook insurance group (MIG) Details

Meadowbrook Insurance Group, Inc. operates as a commercial insurance underwriter and insurance administration services company in the United States. The company markets and underwrites specialty property and casualty insurance programs and products on an admitted and non-admitted basis. It offers admitted programs that provide coverage for the food service industry, educators, physicians, agricultural businesses, and public entities; workers’ compensation insurance; and excess and surplus lines insurance for restaurants, bars/taverns, apartments, hotels/motels, and contractors’ liability. The company also provides non-admitted programs for pet-sitters, oil and gas contractors, and professional liability; and insurance programs for excess workers’ compensation, environmental, and marine markets. In addition, it offers program and product design, underwriting risk selection and policy issuance, claims administration and handling, and loss prevention and control services. Further, the company provides risk-bearing entities formation and administration services for clients and agents; and operates retail property and casualty insurance agencies that offer commercial, personal lines, life, and accident and health insurance, as well as reinsurance services to other insurers. Meadowbrook Insurance Group, Inc. offers its products through a network of independent retail agents, wholesalers, program administrators, and general agents. The company was formerly known as Meadowbrook Insurance Agency. Meadowbrook Insurance Group, Inc. was founded in 1955 and is headquartered in Southfield, Michigan.

904 Employees
Last Reported Date: 03/2/15
Founded in 1955

meadowbrook insurance group (MIG) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $1.1M
Chief Financial Officer, Chief Accounting Off...
Total Annual Compensation: $445.0K
Executive Vice President and President of Cen...
Total Annual Compensation: $490.0K
Senior Vice President, General Counsel and Se...
Total Annual Compensation: $475.0K
Senior Vice President of Field Operations
Total Annual Compensation: $425.0K
Compensation as of Fiscal Year 2014.

meadowbrook insurance group (MIG) Key Developments

Meadowbrook Insurance Group Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015; Declares Quarterly Dividend, Payable on June 1, 2015

Meadowbrook Insurance Group Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. The company reported first quarter net income of $8.3 million, or $0.17 per diluted share, compared to net income of $10.4 million, or $0.21 per dilutive share, for the comparable period of 2014. The 2015 results include $0.9 million, or $0.02 per diluted share, of after-tax realized gains, compared to $2.0 million, or $0.04 per diluted share, for the same period in 2014. Total revenues were $171,354,000 compared to $188,872,000 a year ago. Net earned premiums were $147,619,000 compared to $162,539,000 for the same quarter a year ago. Income before income taxes and equity earnings of affiliates and unconsolidated was $9,973,000 compared to $11,907,000 a year ago. Net operating income was $7,461,000 or $0.15 per diluted share compared to $8,390,000 or $0.17 per diluted share a year ago. Net operating income and net operating income per share are non-GAAP measures that represent net income excluding net realized gains or losses, net of tax. Book value per common share was $9.34. Tangible book value per common share was $8.79. On May 5, 2015, the board of directors of the company declared a quarterly dividend of $0.02 per share payable on June 1, 2015 to shareholders of record as of May 21, 2015.

Meadowbrook Insurance Group Inc., Annual General Meeting, Apr 27, 2015

Meadowbrook Insurance Group Inc., Annual General Meeting, Apr 27, 2015., at 14:00 US Eastern Standard Time. Location: 26255 American Drive. Agenda: To consider and vote on a proposal to adopt and approve the agreement and plan of merger and as amended from time to time, by and among the company, Miracle Nova II (US), LLC and Miracle Nova III (US), Inc.,; to consider and vote on a proposal to approve, by a non-binding advisory vote, the compensation that may be paid or become payable to the company's named executive officers that is based on or otherwise relates to the merger; to elect Robert S. Cubbin, Robert F. Fix and Douglas A. Gaudet for a three-year term expiring in 2018 and elect Florine Mark for a one-year term expiring in 2016; to ratify the appointment of Ernst & Young LLP as the company's independent registered public accounting firm; to consider an advisory vote to approve the company's 2014 executive compensation; and to transact any other business that is properly submitted before the annual meeting or any adjournments of the annual meeting.

Meadowbrook Insurance Group Inc. Declares Quarterly Dividend, Payable on March 30, 2015; Reports Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

On February 27, 2015, the Board of Directors of Meadowbrook Insurance Group Inc. declared a quarterly dividend of $0.02 per share payable on March 30, 2015 to shareholders of record as of March 16, 2015. The company reported unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, the company reported net written premiums of $135,336,000 compared to $144,409,000 a year ago. Gross written premiums were $163,986,000 compared to $185,232,000 a year ago. Total revenues were $177,956,000 compared to $196,652,000 a year ago. Income before income taxes and equity earnings of affiliates and unconsolidated subsidiaries was $6,460,000 compared to loss before income taxes and equity earnings of affiliates and unconsolidated subsidiaries of $27,323,000 a year ago. Net income was $7,569,000 or $0.15 per share diluted compared to net loss of $11,850,000 or $0.24 per share diluted a year ago. Net operating income was $6,473,000 or $0.13 per share diluted compared to net operating loss of $14,772,000 or $0.30 per share diluted a year ago. For the year, the company reported net written premiums of $601,237,000 compared to $691,637,000 a year ago. Gross written premiums were $742,464,000 compared to $944,011,000 a year ago. Total revenues were $742,525,000 compared to $791,171,000 a year ago. Income before income taxes and equity earnings of affiliates and unconsolidated subsidiaries was $29,133,000 compared to loss before income taxes and equity earnings of affiliates and unconsolidated subsidiaries of $145,746,000 a year ago. Net income was $28,657,000 or $0.57 per share diluted compared to net loss of $112,310,000 or $2.25 per share diluted a year ago. Net operating income was $21,547,000 or $0.43 per share diluted compared to net operating loss of $117,908,000 or $2.36 per share diluted a year ago. Book value per common share was $9.14 against $8.29 a year ago. Tangible book value per common share was $8.56 against $7.68 a year ago.

 

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Industry Analysis

MIG

Industry Average

Valuation MIG Industry Range
Price/Earnings 16.1x
Price/Sales 0.6x
Price/Book 0.9x
Price/Cash Flow 14.0x
TEV/Sales 0.1x
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