Meadowbrook Insurance Group is a holding company. Through its subsidiaries, Co. markets and underwrites specialty property and casualty insurance programs and products on both an admitted and non-admitted basis through a network of independent retail agents, wholesalers, program administrators and general agents. Co.'s agencies in Michigan, California, Massachusetts, and Florida produce commercial, personal lines, life and accident and health insurance, which are placed primarily with unaffiliated insurance carriers. Co. has four product categories: admitted programs and standard market products; main street excess and surplus lines; non-admitted programs; and specialty market products. We show 12 historical shares outstanding datapoints in our MIG shares outstanding history coverage, used to compute MIG market cap on those dates.
Understanding the changing numbers of shares outstanding, the changing
share price, and the resulting changing MIG market cap history over the course of time is important for investors
interested in comparing MIG's market cap history versus its peers.
Many "beginner" or "novice" investors will look at one stock trading at a price of $10 per share and another trading at
a price of $20 per share and think the latter company is worth twice as much. Of course, that is a completely meaningless comparison without also knowing how many shares outstanding there are for each of the two companies,
and then calculating their respective market caps. Comparing the share price of MIG versus a peer is one thing; comparing
MIG market cap versus a peer is a completely different story.
Furthermore, via fluctuation both in per-share price and in the number of shares outstanding (via issuance of new shares over time, the repurchase of existing shares),
the market cap for a company like MIG can fluctuate over the course of history.
With this page we aim to empower investors researching MIG by allowing them to research the MIG market cap history. |
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Video: The Importance of Market Cap
