FBR raises its rating on alternative risk insurance company Meadowbrook Insurance (MIG +6.5%) to...

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

FBR raises its rating on alternative risk insurance company Meadowbrook Insurance (MIG +6.5%) to Outperform from Market Perform with a $10 price target, citing lower reserve charges. Although MIG has been the worst-performing stock in FBR's insurance coverage, it now thinks the risk/reward going forward sets up well.