Trean Insurance Group, Inc. (NASDAQ:TIG – Get Rating) – Research analysts at William Blair increased their Q3 2022 earnings per share estimates for shares of Trean Insurance Group in a note issued to investors on Thursday, August 4th. William Blair analyst A. Klauber now expects that the company will earn $0.08 per share for the quarter, up from their previous estimate of $0.07. The consensus estimate for Trean Insurance Group’s current full-year earnings is $0.60 per share. William Blair also issued estimates for Trean Insurance Group’s Q1 2023 earnings at $0.16 EPS, Q2 2023 earnings at $0.11 EPS, Q3 2023 earnings at $0.13 EPS and FY2023 earnings at $0.55 EPS.
Separately, StockNews.com upgraded Trean Insurance Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 2nd.
Trean Insurance Group Price Performance
Shares of TIG stock opened at $4.90 on Monday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $250.84 million, a price-to-earnings ratio of 9.80 and a beta of 0.37. Trean Insurance Group has a twelve month low of $3.19 and a twelve month high of $14.24. The stock has a fifty day simple moving average of $6.11 and a two-hundred day simple moving average of $6.02.
Insider Buying and Selling
In other Trean Insurance Group news, Director Steven B. Lee acquired 5,000 shares of the company’s stock in a transaction on Thursday, May 19th. The shares were bought at an average cost of $6.25 per share, with a total value of $31,250.00. Following the completion of the acquisition, the director now owns 906,016 shares in the company, valued at $5,662,600. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 9.30% of the stock is owned by corporate insiders.
Hedge Funds Weigh In On Trean Insurance Group
Several hedge funds and other institutional investors have recently made changes to their positions in TIG. Nisa Investment Advisors LLC purchased a new position in Trean Insurance Group during the second quarter worth approximately $27,000. Assenagon Asset Management S.A. acquired a new position in Trean Insurance Group during the 2nd quarter worth $340,000. Strs Ohio acquired a new position in Trean Insurance Group during the 2nd quarter worth $156,000. Denali Advisors LLC acquired a new position in Trean Insurance Group during the 2nd quarter worth $90,000. Finally, Bank of America Corp DE grew its stake in Trean Insurance Group by 135.3% during the 1st quarter. Bank of America Corp DE now owns 27,257 shares of the company’s stock worth $128,000 after purchasing an additional 15,673 shares in the last quarter. Hedge funds and other institutional investors own 87.55% of the company’s stock.
About Trean Insurance Group
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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.
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