Trean Insurance Group (NASDAQ:TIG) Upgraded to “Buy” by StockNews.com

StockNews.com upgraded shares of Trean Insurance Group (NASDAQ:TIGGet Rating) from a hold rating to a buy rating in a report released on Tuesday.

Trean Insurance Group Stock Performance

Shares of NASDAQ TIG opened at $4.90 on Tuesday. Trean Insurance Group has a one year low of $3.19 and a one year high of $14.24. The business’s 50-day moving average price is $6.16 and its two-hundred day moving average price is $6.06. The company has a debt-to-equity ratio of 0.07, a current ratio of 0.76 and a quick ratio of 0.76. The company has a market capitalization of $250.84 million, a P/E ratio of 9.88 and a beta of 0.37.

Trean Insurance Group (NASDAQ:TIGGet Rating) last announced its quarterly earnings results on Wednesday, May 4th. The company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16. Trean Insurance Group had a net margin of 10.00% and a return on equity of 5.61%. The company had revenue of $69.95 million for the quarter, compared to analyst estimates of $65.62 million. During the same quarter in the prior year, the business posted $0.16 EPS. Analysts anticipate that Trean Insurance Group will post 0.56 earnings per share for the current fiscal year.

Insider Transactions at Trean Insurance Group

In other news, Director Steven B. Lee bought 5,000 shares of the company’s stock in a transaction that occurred on Thursday, May 19th. The shares were purchased at an average price of $6.25 per share, for a total transaction of $31,250.00. Following the acquisition, the director now directly owns 906,016 shares of the company’s stock, valued at approximately $5,662,600. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 9.30% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Trean Insurance Group

Several hedge funds have recently modified their holdings of the business. Royce & Associates LP raised its stake in shares of Trean Insurance Group by 17.1% in the 1st quarter. Royce & Associates LP now owns 4,760,062 shares of the company’s stock valued at $22,325,000 after buying an additional 694,537 shares in the last quarter. Blair William & Co. IL increased its position in shares of Trean Insurance Group by 5.3% during the 1st quarter. Blair William & Co. IL now owns 762,007 shares of the company’s stock worth $3,574,000 after purchasing an additional 38,044 shares in the last quarter. State Street Corp lifted its holdings in Trean Insurance Group by 2.6% during the 1st quarter. State Street Corp now owns 256,144 shares of the company’s stock valued at $1,201,000 after purchasing an additional 6,563 shares during the last quarter. Victory Capital Management Inc. boosted its position in Trean Insurance Group by 5.2% in the fourth quarter. Victory Capital Management Inc. now owns 252,506 shares of the company’s stock valued at $2,250,000 after buying an additional 12,410 shares in the last quarter. Finally, Natixis Advisors L.P. increased its holdings in shares of Trean Insurance Group by 10.2% during the first quarter. Natixis Advisors L.P. now owns 182,946 shares of the company’s stock worth $858,000 after buying an additional 16,993 shares in the last quarter. 87.55% of the stock is owned by institutional investors.

Trean Insurance Group Company Profile

(Get Rating)

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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