Trean Insurance Group, Inc. (NASDAQ:TIG) Insider Acquires $84,694.00 in Stock

Trean Insurance Group, Inc. (NASDAQ:TIG) insider Julie A. Baron bought 9,400 shares of the stock in a transaction that occurred on Thursday, November 18th. The shares were purchased at an average price of $9.01 per share, with a total value of $84,694.00. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Shares of TIG stock opened at $9.63 on Thursday. The firm has a market cap of $492.82 million, a price-to-earnings ratio of 20.94 and a beta of 1.29. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.79 and a current ratio of 0.79. Trean Insurance Group, Inc. has a 1-year low of $7.60 and a 1-year high of $19.57. The business’s fifty day moving average is $10.01.

Trean Insurance Group (NASDAQ:TIG) last announced its quarterly earnings data on Wednesday, November 10th. The company reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.20 by ($0.05). Trean Insurance Group had a return on equity of 7.55% and a net margin of 12.08%. During the same quarter last year, the business earned $0.21 EPS. Equities research analysts predict that Trean Insurance Group, Inc. will post 0.8 earnings per share for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in TIG. Bank of New York Mellon Corp grew its stake in shares of Trean Insurance Group by 6.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 58,841 shares of the company’s stock worth $609,000 after acquiring an additional 3,817 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Trean Insurance Group by 62.2% during the 3rd quarter. Janus Henderson Group PLC now owns 1,940,493 shares of the company’s stock valued at $20,084,000 after purchasing an additional 743,949 shares during the last quarter. Citadel Advisors LLC lifted its holdings in Trean Insurance Group by 227.0% during the 3rd quarter. Citadel Advisors LLC now owns 69,153 shares of the company’s stock valued at $716,000 after purchasing an additional 48,005 shares during the last quarter. Point72 Asset Management L.P. acquired a new stake in Trean Insurance Group during the 3rd quarter valued at $403,000. Finally, Royal Bank of Canada lifted its holdings in shares of Trean Insurance Group by 113.0% during the third quarter. Royal Bank of Canada now owns 2,586 shares of the company’s stock worth $26,000 after buying an additional 1,372 shares in the last quarter. Institutional investors own 34.19% of the company’s stock.

TIG has been the subject of a number of research reports. William Blair cut shares of Trean Insurance Group from an “outperform” rating to a “market perform” rating in a report on Thursday, August 12th. JMP Securities lowered their target price on shares of Trean Insurance Group from $21.00 to $18.00 and set a “market outperform” rating on the stock in a research report on Thursday, November 11th. Zacks Investment Research downgraded shares of Trean Insurance Group from a “hold” rating to a “sell” rating in a research note on Tuesday, November 16th. Finally, JPMorgan Chase & Co. raised shares of Trean Insurance Group from a “neutral” rating to an “overweight” rating and cut their price target for the stock from $18.00 to $15.00 in a research note on Friday, August 13th.

Trean Insurance Group Company Profile

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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