Nisa Investment Advisors LLC Acquires Shares of 4,300 Trean Insurance Group, Inc. (NASDAQ:TIG)

Nisa Investment Advisors LLC purchased a new position in shares of Trean Insurance Group, Inc. (NASDAQ:TIGGet Rating) in the 2nd quarter, according to the company in its most recent filing with the SEC. The fund purchased 4,300 shares of the company’s stock, valued at approximately $27,000.

Several other institutional investors also recently modified their holdings of the business. UBS Group AG grew its position in shares of Trean Insurance Group by 26.7% during the 1st quarter. UBS Group AG now owns 8,250 shares of the company’s stock worth $39,000 after buying an additional 1,738 shares during the period. Goldman Sachs Group Inc. boosted its stake in Trean Insurance Group by 9.6% during the 1st quarter. Goldman Sachs Group Inc. now owns 32,001 shares of the company’s stock worth $150,000 after acquiring an additional 2,809 shares during the last quarter. State Street Corp boosted its stake in Trean Insurance Group by 2.6% during the 1st quarter. State Street Corp now owns 256,144 shares of the company’s stock worth $1,201,000 after acquiring an additional 6,563 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Trean Insurance Group by 92.7% during the 1st quarter. Renaissance Technologies LLC now owns 29,100 shares of the company’s stock worth $136,000 after acquiring an additional 14,000 shares during the last quarter. Finally, Denali Advisors LLC bought a new position in Trean Insurance Group during the 2nd quarter worth approximately $90,000. Institutional investors and hedge funds own 29.01% of the company’s stock.

Trean Insurance Group Stock Performance

Shares of TIG opened at $2.65 on Friday. The company has a debt-to-equity ratio of 0.07, a quick ratio of 0.75 and a current ratio of 0.75. Trean Insurance Group, Inc. has a twelve month low of $2.38 and a twelve month high of $10.10. The firm’s 50 day moving average price is $3.47 and its two-hundred day moving average price is $5.00. The firm has a market cap of $135.73 million, a P/E ratio of 5.12 and a beta of 0.71.

Wall Street Analysts Forecast Growth

TIG has been the topic of several recent analyst reports. StockNews.com initiated coverage on shares of Trean Insurance Group in a research note on Wednesday, October 12th. They set a “buy” rating on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Trean Insurance Group from $6.00 to $5.50 and set a “neutral” rating on the stock in a research note on Thursday, November 3rd.

Trean Insurance Group Profile

(Get Rating)

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.

Further Reading

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Institutional Ownership by Quarter for Trean Insurance Group (NASDAQ:TIG)

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