StockNews.com started coverage on shares of Trean Insurance Group (NASDAQ:TIG – Get Rating) in a report released on Saturday morning. The firm issued a hold rating on the stock.
Separately, JMP Securities lowered shares of Trean Insurance Group from an outperform rating to a market perform rating in a report on Tuesday, January 17th.
Trean Insurance Group Stock Performance
TIG stock traded up $0.03 during mid-day trading on Friday, hitting $6.09. The stock had a trading volume of 461,986 shares, compared to its average volume of 104,478. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.72 and a quick ratio of 0.72. Trean Insurance Group has a 52 week low of $2.12 and a 52 week high of $7.34. The firm has a fifty day simple moving average of $6.08 and a 200 day simple moving average of $4.54.
Institutional Investors Weigh In On Trean Insurance Group
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Royce & Associates LP grew its holdings in shares of Trean Insurance Group by 0.6% during the 3rd quarter. Royce & Associates LP now owns 3,891,173 shares of the company’s stock valued at $13,230,000 after purchasing an additional 23,271 shares during the last quarter. Federated Hermes Inc. bought a new stake in shares of Trean Insurance Group during the 3rd quarter valued at approximately $949,000. Kellner Capital LLC bought a new stake in shares of Trean Insurance Group during the 4th quarter valued at approximately $1,149,000. Denali Advisors LLC grew its holdings in shares of Trean Insurance Group by 59.7% during the 4th quarter. Denali Advisors LLC now owns 23,000 shares of the company’s stock valued at $138,000 after purchasing an additional 8,600 shares during the last quarter. Finally, Wolverine Asset Management LLC bought a new stake in shares of Trean Insurance Group during the 4th quarter valued at approximately $176,000. 28.13% of the stock is owned by institutional investors.
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.
- Get a free copy of the StockNews.com research report on Trean Insurance Group (TIG)
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