Opinions of the company Train Insurance Group, Inc. (NASDAQ:TIG – Get Votes) – William Blair raised their Q3 2022 estimates for Trean Insurance Group in a note issued to investors on Thursday, August 4. William Blair analyst A. Klauber now expects that the company will post earnings of $0.08 per share for the quarter, up from their previous forecast of $0.08. $0.07. Trean Insurance Group’s stock price 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.
alone, StockNews.com raised shares of Trean Insurance Group from a “hold” rating to a “buy” rating in a research note on Tuesday, August 2nd.
Company recommendations Trean Insurance Group Price Performance
Shares of TIG stock opened at $4.90 on Monday. The company’s 50-day moving average is $6.11 and its 200-day moving average is $6.02. Trean Insurance Group has a one year low of $3.19 and a one year high of $14.24. The company has a market capitalization of $250.84 million, a price-to-earnings ratio of 9.80 and a beta of 0.37. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt ratio of 0.07.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently weighed in on TIG. Royce & Associates LP grew its stake in Trean Insurance Group by 17.1% in the first quarter. Royce & Associates LP now owns 4,760,062 shares of the company’s stock valued at $22,325,000 after buying an additional 694,537 shares in the last quarter. Blair William & Co. IL boosted its holdings in shares of Trean Insurance Group by 5.3% in the 1st quarter. Blair William & Co. IL now owns 762,007 shares of the company’s stock valued at $3,574,000 after purchasing an additional 38,044 shares during the last quarter. State Street Corp boosted its holdings in shares of Trean Insurance Group by 2.6% in the first quarter. State Street Corp now owns 256,144 shares of the company’s stock valued at $1,201,000 after purchasing an additional 6,563 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in Trean Insurance Group by 5.2% in the fourth quarter. Victory Capital Management Inc. now owns 252,506 shares of the company’s stock valued at $2,250,000 after buying an additional 12,410 shares in the last quarter. Finally, Natixis Advisors LP raised its stake in Trean Insurance Group by 10.2% in the first quarter. Natixis Advisors LP now owns 182,946 shares of the company’s stock valued at $858,000 after buying an additional 16,993 shares during the last quarter. Institutional investors and hedge funds own 87.55% of the company’s stock.
Insider Buying and Selling at Trean Insurance Group
In related news, Director Steven B. Lee purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, May 19th. The shares were bought at an average price of $6.25 per share, with a total value of $31,250.00. Following the purchase, the director now owns 906,016 shares of the company’s stock, valued at approximately $5,662,600. The transaction was disclosed in a filing with the Securities & Exchange Commission, available through This hyperlink. Insiders own 9.30% of the company’s stock.
More about Trean Insurance Group
Trean Insurance Group, Inc specializes in personal injury insurance in the United States. The company underwrites businesses, primarily workers’ compensation, accident and health, and medical professional services. They also provide a variety of services, including carrier provision, claims management, and reinsurance brokerage services.
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