Increased dividend to $0.03 from $0.02 for shareholders of record on 11/13.

From Barron's 7-2-07:

Outperform - Price 10.20 on June 26
by Friedman Billings Ramsey
"Upgraded from Market Perform. MIG shares are down 17% from 52-week high in October '06. At 1.4 times [book value], we believe the shares are attractive, particularly given the 28% upside to our new price target and the [rating upgrade] from A.M. Best, a [credit-rating organization focused on financial-services, including banking and insurance]...In addition to [book value] growth, we believe there's room for multiple expansion...as top-line growth increases. In 1Q07, gross and net premiums grew...0.6% and 3.7%, respectively. Despite slow growth, management maintained its '07 full-year premium forecast during 1Q07 earnings call, implying premium volume will accelerate for remainder of '07, with mid-teens growth rate...[and] expand further in '08, as A.M. Best upgrade benefits...are realized. Potential acquisitions of fee income-generating businesses and [managing general agents] should lead to earnings growth...Our new 13 target is based on a 1.86 times peer-group average multiple to book value of $7.02."

Upgraded by Friedman Billings from Mkt Perform to Outperform

growth

forming a cup and handle

Dividends

Upgraded by Ferris Baker Watts from Neutral to Buy