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.
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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