Investing in Trean Insurance Group Inc. (TIG) Is Getting More Attractive


Trean Insurance Group Inc.’s recent filing unveils that its Director Lee Steven B. acquired Company’s shares for reported $31250.0 on May 19. In the deal valued at $6.25 per share,5,000 shares were bought. As a result of this transaction, Lee Steven B. now holds 906,016 shares worth roughly $ 2.55 million.

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Then, Lee Steven B. bought 10,000 shares, generating $35,000 in total proceeds. Upon buying the shares at $3.50, the Director now owns 901,016 shares.

Before that, Spencer Matthew James bought 5,000 shares. Trean Insurance Group Inc. shares valued at $18,100 were divested by the insider at a price of $3.62 per share. As a result of the transaction, Spencer Matthew James now holds 20,734 shares, worth roughly $58469.88.

Evercore ISI downgraded its Trean Insurance Group Inc. [TIG] rating to an In-line from a an Outperform in a research note published on Monday, March 31, 2022; the price target was decreased to $5.50 from $6.50. PT values the company’s stock at a premium of 48.73 to its Monday closing price. A number of analysts have revised their coverage, including JP Morgan’s analysts, who decreased its forecast for the stock in late March from “an Overweight” to “a Neutral”. JP Morgan also remained covering TIG and has increased its forecast on August 13, 2021 with a “an Overweight” recommendation from previously “Neutral” rating. William Blair revised its rating on August 12, 2021. It rated TIG as “a Mkt perform” which previously was an “an Outperform”.

Price Performance Review of TIG

On Monday, Trean Insurance Group Inc. [NASDAQ:TIG] saw its stock fall -2.08% to $2.82. On the same session, the stock had its day’s lowest price of $2.73, but rose to a high of $2.94. Over the last five days, the stock has lost -23.16%. Trean Insurance Group Inc. shares have fallen nearly -68.35% since the year began. Nevertheless, the stocks have fallen -73.64% over the past one year. While a 52-week high of $10.87 was reached on 01/03/22, a 52-week low of $2.84 was recorded on 11/07/22. SMA at 50 days reached $3.60, while 200 days put it at $5.31. A total of 0.51 million shares were traded, compared to the trading of 0.12 million shares in the previous session.

Levels Of Support And Resistance For TIG Stock

The 24-hour chart illustrates a support level at 2.72, which if violated will result in even more drops to 2.62. On the upside, there is a resistance level at 2.93. A further resistance level may holdings at 3.04. The Relative Strength Index (RSI) on the 14-day chart is 30.68, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.42, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 92.91%. Stochastics %K at 8.68% indicates the stock is a buying.

How much short interest is there in Trean Insurance Group Inc.?

A steep rise in short interest was recorded in Trean Insurance Group Inc. stocks on Jul 14, 2022, dropping by 29790.0 shares to a total of 0.34 million shares. Yahoo Finance data shows the prior-month short interest on Jun 14, 2022 was 0.37 million shares. There was a decline of -8.84%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 1.50% of the overall stock float, the days-to-cover ratio (short ratio) fell to 1.83.

Trean Insurance Group Inc. [TIG] – Who Are The Largest Shareholders?

In filings from Royce & Associates LP, it is revealed that the company now owns 3,891,173 shares, or roughly 7.60% of the outstanding TIG shares. In other words, the investor’s shares have risen by 23,271 from its previous 13-F filing of 3867902.0. Additionally, Vaughan Nelson Investment Managem decreased -0.10% of its stake after which the total value it holdings stand at $4,702,489, while Janus Henderson Investors US LLC reduced -26.59% of its stake to hold $4.42 million in the firm. Over the last quarter, BlackRock Fund Advisors purchased 104,759 shares of Trean Insurance Group Inc., while The Vanguard Group, Inc. bought 193,541 shares. At present, William Blair Investment Manageme is holding 662,137 shares valued at $2.25 million. Brandywine Global Investment Mana owned 586,200 shares of the company at the time of its most recent 13F filing, worth $1.99 million.

According to FactSet, Trean Insurance Group Inc.’s share price will average $6.33 in the next year, based on opinions of analysts polled by the firm. This is up nearly 90.97 percent from its previous closing price of $2.88. Analysts expect Trean Insurance Group Inc. stock to reach the higher price of $8.00, while the lowest price estimate is $5.50. However, 4 analysts have rated TIG stock as a Hold in their predictions for 2022. The most recent change occurred on August 14, 2020 when William Blair began covering the stock and recommended ‘”an Outperform”‘ rating.


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