Trean Insurance coverage Group, Inc. (NASDAQ:TIG – Get Ranking) was the goal of a giant development briefly curiosity in March. As of March thirty first, there was brief curiosity totalling 407,500 shares, a development of 56.3% from the March fifteenth whole of 260,800 shares. At present, 2.3% of the shares of the inventory are brief bought. Based mostly on a median buying and selling quantity of 225,300 shares, the short-interest ratio is at present 1.8 days.
NASDAQ:TIG opened at $4.70 on Friday. The inventory’s fifty day shifting common is $5.59 and its 200 day shifting common is $7.78. Trean Insurance coverage Group has a fifty-two week low of $3.19 and a fifty-two week excessive of $18.45. The agency has a market capitalization of $240.55 million, a PE ratio of 14.69 and a beta of 1.17. The corporate has a debt-to-equity ratio of 0.07, a fast ratio of 0.78 and a present ratio of 0.78.
Trean Insurance coverage Group (NASDAQ:TIG – Get Ranking) final launched its quarterly earnings outcomes on Wednesday, March ninth. The corporate reported $0.04 earnings per share for the quarter, lacking the Thomson Reuters’ consensus estimate of $0.10 by ($0.06). Trean Insurance coverage Group had a internet margin of seven.69% and a return on fairness of 5.27%. Throughout the identical interval within the earlier 12 months, the enterprise posted $0.22 EPS. Equities analysts forecast that Trean Insurance coverage Group will publish 0.63 EPS for the present 12 months.
TIG has been the subject of a number of current analysis stories. JMP Securities decreased their worth goal on Trean Insurance coverage Group from $18.00 to $14.00 and set a “market outperform” ranking on the inventory in a report on Friday, January 14th. JPMorgan Chase & Co. lower Trean Insurance coverage Group from an “obese” ranking to a “impartial” ranking and decreased their worth goal for the inventory from $9.00 to $6.00 in a report on Tuesday, March twenty ninth. Zacks Funding Analysis raised Trean Insurance coverage Group from a “promote” ranking to a “maintain” ranking in a report on Wednesday, March ninth. Lastly, StockNews.com initiated protection on Trean Insurance coverage Group in a report on Thursday, March thirty first. They set a “maintain” ranking on the inventory. 4 analysis analysts have rated the inventory with a maintain ranking and one has assigned a purchase ranking to the corporate’s inventory. Based on MarketBeat.com, the corporate has a consensus ranking of “Maintain” and a median worth goal of $13.00.
Quite a few massive buyers have lately added to or decreased their stakes in TIG. Janus Henderson Group PLC elevated its stake in Trean Insurance coverage Group by 62.2% within the third quarter. Janus Henderson Group PLC now owns 1,940,493 shares of the corporate’s inventory price $20,084,000 after buying a further 743,949 shares through the interval. Brandywine World Funding Administration LLC bought a brand new stake in Trean Insurance coverage Group within the third quarter price $5,814,000. BlackRock Inc. elevated its stake in Trean Insurance coverage Group by 7.8% within the fourth quarter. BlackRock Inc. now owns 1,076,402 shares of the corporate’s inventory price $9,591,000 after buying a further 77,895 shares through the interval. Geode Capital Administration LLC elevated its stake in Trean Insurance coverage Group by 23.6% within the fourth quarter. Geode Capital Administration LLC now owns 342,586 shares of the corporate’s inventory price $3,052,000 after buying a further 65,513 shares through the interval. Lastly, Victory Capital Administration Inc. elevated its stake in Trean Insurance coverage Group by 25.1% within the third quarter. Victory Capital Administration Inc. now owns 240,096 shares of the corporate’s inventory price $2,485,000 after buying a further 48,098 shares through the interval. Institutional buyers personal 87.62% of the corporate’s inventory.
Trean Insurance coverage Group Firm Profile (Get Ranking)
Trean Insurance coverage Group, Inc underwrites specialty casualty insurance coverage merchandise in the US. The corporate underwrites enterprise, predominantly employees’ compensation, accident and well being, and medical skilled legal responsibility merchandise. It additionally presents quite a lot of providers, together with issuing service, claims administration, and reinsurance brokerage providers.
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