Trean Insurance Group (NASDAQ:TIG) Now Covered by StockNews.com

Posted by on Apr 27th, 2023

Research analysts at StockNews.com assumed coverage on shares of Trean Insurance Group (NASDAQ:TIG – Get Rating) in a report issued on Thursday. The firm set a “hold” rating on the stock.

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

Trean Insurance Group Stock Performance

Shares of TIG opened at $6.16 on Thursday. Trean Insurance Group has a 12 month low of $2.12 and a 12 month high of $7.34. The stock has a fifty day moving average price of $6.11 and a 200-day moving average price of $5.01. The company has a current ratio of 0.73, a quick ratio of 0.73 and a debt-to-equity ratio of 0.24. The firm has a market cap of $315.64 million, a PE ratio of -4.81 and a beta of -0.35.

Trean Insurance Group (NASDAQ:TIG – Get Rating) last announced its quarterly earnings results on Thursday, March 9th. The company reported ($0.22) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.29). The company had revenue of $89.11 million for the quarter, compared to analyst estimates of $69.49 million. Trean Insurance Group had a positive return on equity of 2.04% and a negative net margin of 21.75%. Equities research analysts predict that Trean Insurance Group will post 0.53 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Trean Insurance Group

Several hedge funds have recently made changes to their positions in the business. Allspring Global Investments Holdings LLC raised its holdings in shares of Trean Insurance Group by 4,528.0% in the third quarter. Allspring Global Investments Holdings LLC now owns 8,099 shares of the company’s stock worth $27,000 after acquiring an additional 7,924 shares during the last quarter. FNY Investment Advisers LLC purchased a new stake in Trean Insurance Group during the fourth quarter valued at about $33,000. Public Employees Retirement System of Ohio purchased a new stake in Trean Insurance Group during the third quarter valued at about $36,000. UBS Group AG grew its position in Trean Insurance Group by 26.7% during the first quarter. UBS Group AG now owns 8,250 shares of the company’s stock valued at $39,000 after acquiring an additional 1,738 shares during the period. Finally, Quadrature Capital Ltd purchased a new stake in Trean Insurance Group during the third quarter valued at about $49,000. Institutional investors and hedge funds own 28.13% of the company’s stock.

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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