Trean Insurance Group (NASDAQ:TIG) Receives New Coverage from Analysts at StockNews.com

Posted by on Apr 11th, 2023

Analysts at StockNews.com initiated coverage on shares of Trean Insurance Group (NASDAQ:TIG – Get Rating) in a research report issued to clients and investors on Tuesday. The firm set a “hold” rating on the stock.

Separately, JMP Securities downgraded Trean Insurance Group from an “outperform” rating to a “market perform” rating in a report on Tuesday, January 17th.

Trean Insurance Group Trading Up 0.2 %

NASDAQ:TIG opened at $6.13 on Tuesday. The firm has a market cap of $314.10 million, a P/E ratio of -4.79 and a beta of -0.35. The company has a debt-to-equity ratio of 0.24, a quick ratio of 0.73 and a current ratio of 0.73. Trean Insurance Group has a 52 week low of $2.12 and a 52 week high of $7.34. The firm’s fifty day moving average is $6.10 and its 200-day moving average is $4.79.

Trean Insurance Group (NASDAQ:TIG – Get Rating) last posted its quarterly earnings results on Thursday, March 9th. The company reported ($0.22) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.29). Trean Insurance Group had a positive return on equity of 2.04% and a negative net margin of 21.75%. The company had revenue of $89.11 million during the quarter, compared to analyst estimates of $69.49 million. Equities analysts expect that Trean Insurance Group will post 0.54 earnings per share for the current year.

Institutional Trading of Trean Insurance Group

A number of hedge funds and other institutional investors have recently made changes to their positions in TIG. Natixis Advisors L.P. boosted its stake in Trean Insurance Group by 10.2% during the first quarter. Natixis Advisors L.P. now owns 182,946 shares of the company’s stock valued at $858,000 after buying an additional 16,993 shares during the period. Blair William & Co. IL raised its stake in Trean Insurance Group by 5.3% in the first quarter. Blair William & Co. IL now owns 762,007 shares of the company’s stock valued at $3,574,000 after purchasing an additional 38,044 shares in the last quarter. Renaissance Technologies LLC lifted its position in Trean Insurance Group by 92.7% during the first quarter. Renaissance Technologies LLC now owns 29,100 shares of the company’s stock valued at $136,000 after purchasing an additional 14,000 shares during the last quarter. UBS Group AG grew its stake in Trean Insurance Group by 26.7% in the 1st quarter. UBS Group AG now owns 8,250 shares of the company’s stock worth $39,000 after buying an additional 1,738 shares in the last quarter. Finally, Invesco Ltd. bought a new position in shares of Trean Insurance Group in the 1st quarter worth $214,000. 28.13% of the stock is currently owned by institutional investors.

About Trean Insurance Group

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Trean Insurance Group, Inc underwrites specialty casualty insurance products in the United States. The company underwrites business, predominantly workers' compensation, accident and health, and medical professional liability products. It also offers a variety of services, including issuing carrier, claims administration, and reinsurance brokerage services.

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