MIGP up big today

On news that an activist hedge fund has taken a 5% stake. I bought this company a couple months ago at book value. I continue to believe that there is little risk in buying good insurance companies near book value as long as they do not have large exposure to catastrophes.

Disclosure: I hold shares of MIGP. See the disclosure policy. I own other insurers as well, including RTWI, BRK.B, and the preferred stock of QNTA, QNTAP.

Leave a Reply

Your email address will not be published. Required fields are marked *

Please complete the formula below to prove that you are human * Time limit is exhausted. Please reload CAPTCHA.

This site uses Akismet to reduce spam. Learn how your comment data is processed.