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

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

Trean Insurance Group Trading Up 2.8 %

Shares of Trean Insurance Group stock opened at $5.42 on Tuesday. Trean Insurance Group has a 12-month low of $3.19 and a 12-month high of $14.24. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.07. The stock has a market cap of $277.45 million, a PE ratio of 12.60 and a beta of 0.38. The company has a 50-day moving average of $6.27 and a two-hundred day moving average of $6.09.

Trean Insurance Group (NASDAQ:TIGGet Rating) last issued its earnings results on Wednesday, May 4th. The company reported $0.16 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.16. The company had revenue of $69.95 million during the quarter, compared to analysts’ expectations of $65.62 million. Trean Insurance Group had a net margin of 9.32% and a return on equity of 5.32%. During the same period last year, the company posted $0.16 earnings per share. On average, research analysts anticipate that Trean Insurance Group will post 0.56 EPS for the current fiscal year.

Insider Activity

In other Trean Insurance Group news, Director Steven B. Lee purchased 5,000 shares of the stock in a transaction dated Thursday, May 19th. The shares were acquired at an average cost of $6.25 per share, for a total transaction of $31,250.00. Following the completion of the transaction, the director now directly owns 906,016 shares of the company’s stock, valued at $5,662,600. The purchase was disclosed in a filing with the SEC, which is available at this link. Company insiders own 9.30% of the company’s stock.

Institutional Trading of Trean Insurance Group

Hedge funds have recently bought and sold shares of the company. Royce & Associates LP boosted its position in Trean Insurance Group by 17.1% during the first quarter. Royce & Associates LP now owns 4,760,062 shares of the company’s stock worth $22,325,000 after acquiring an additional 694,537 shares during the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in Trean Insurance Group during the fourth quarter worth approximately $69,000. Nisa Investment Advisors LLC acquired a new stake in Trean Insurance Group during the fourth quarter worth approximately $32,000. Bank of America Corp DE boosted its position in Trean Insurance Group by 135.3% during the first quarter. Bank of America Corp DE now owns 27,257 shares of the company’s stock worth $128,000 after acquiring an additional 15,673 shares during the last quarter. Finally, UBS Group AG boosted 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 worth $39,000 after acquiring an additional 1,738 shares during the last quarter. Institutional investors and hedge funds own 87.55% of the company’s stock.

About Trean Insurance Group

(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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