Shares of Meadowbrook Insurance (MIG -9.8%) lose ground after the firm takes on a downgrade from...

|About: Meadowbrook Insurance Gro... (MIG)|By:, SA News Editor

Shares of Meadowbrook Insurance (MIG -9.8%) lose ground after the firm takes on a downgrade from Keefe, Bruyette & Woods to Market Perform from Outperform. Analysts with the firm cite a Q4 reserve charge the insurance concern is taking and their estimate for lower FY11 and FY12 earnings.