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Trean Insurance Group (NASDAQ:TIG) Rating Increased to Buy at StockNews.com

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Trean Insurance Group (NASDAQ: TIGGet a rating) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note published on Monday.

Separately, JPMorgan Chase & Co. in a report on Tuesday, March 29, downgraded Trean Insurance Group shares from an “overweight” rating to “neutral” and lowered the target share price from $ 9.00 to $ 6.00.

Promotions NASDAQ TIG rose $ 0.19 during trading on Monday, reaching $ 6.50. The company’s 313,739 shares are traded by hand, compared to an average of 193,543. Trean Insurance Group has a minimum of fifty-two weeks at $ 3.19 and a maximum of fifty-two weeks at $ 15.63. The company has a debt to equity ratio of 0.07, a current ratio of 0.76 and a fast ratio of 0.76. The firm’s market capitalization is $ 332.75 million, a PE ratio of 15.12 and a beta of 0.54. The stock has a simple fifty-day moving average of $ 6.26 and a 200-day simple moving average of $ 6.56.

Trean Insurance Group (NASDAQ: TIGGet a rating) last published its quarterly earnings data on Wednesday, May 4th. The company reported $ 0.16 EPS for the quarter, in line with analysts ’consensus estimates of $ 0.16. Trean Insurance Group had a net margin of 9.32% and a return on equity of 5.32%. Business profit for the quarter was $ 69.95 million compared to analysts’ estimates of $ 65.62 million. In the same quarter last year, the company’s earnings were $ 0.16 per share. As a group, analysts predict that Trean Insurance Group will publish 0.61 EPS for the current fiscal year.

In other news Trean Insurance Group, director Stephen B. Lee acquired 5,000 shares of the company in a deal 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 owns 906,016 shares of the company worth $ 5,662,600. The acquisition was disclosed in a document submitted to the Securities and Exchange Commission, which is available through this hyperlink. The company’s insiders own 9.30% of the company’s shares.

Institutional investors have recently added or reduced their stakes in the company. Geode Capital Management Ltd. increased its stake in Trean Insurance Group by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 277,073 shares of the company worth $ 2,867,000 after acquiring an additional 2,247 shares during that period. Janus Henderson Group PLC increased its stakes in Trean Insurance Group by 62.2% in the 3rd quarter. Janus Henderson Group PLC now owns 1,940,493 shares of the company worth $ 20,084,000 after acquiring an additional 743,949 shares during that period. Vaughan Nelson Investment Management LP increased its stakes in Trean Insurance Group by 2.9% in the 4th quarter. Vaughan Nelson Investment Management LP now owns 1,544,980 shares of the company worth $ 13,766,000 after acquiring an additional 43,655 shares during that period. CAPROCK Group Inc. increased its stake in Trean Insurance Group by 66.7% in the 4th quarter. Now CAPROCK Group Inc. owns 25,000 shares of the company worth $ 223,000 after acquiring an additional 10,000 shares during that period. Finally, Allspring Global Investments Holdings LLC bought a new position in Trean Insurance Group in the 4th quarter for $ 69,000. Institutional investors and hedge funds own 87.55% of the company.

Company profile Trean Insurance Group (Get a rating)

Trean Insurance Group, Inc. provides special accident insurance products in the United States. The company provides businesses with mainly employee compensation, accident and health, and products for medical liability. It also offers a variety of services, including carrier issuance, claims administration and reinsurance brokerage services.

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