Trean Insurance Group (NASDAQ:TIG) Now Covered by Analysts at StockNews.com

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.

Trean Insurance Group (NASDAQ:TIG – Get Rating) last released its earnings results on Thursday, March 9th. The company reported ($0.22) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.29). Trean Insurance Group had a negative net margin of 21.75% and a positive return on equity of 1.92%. The firm had revenue of $89.11 million during the quarter, compared to the consensus estimate of $69.49 million. On average, equities research analysts expect that Trean Insurance Group will post 0.54 EPS for the current fiscal year.

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

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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.