Trean Insurance Group, Inc. (NASDAQ:TIG) Shares Sold by Zimmer Partners LP

Zimmer Partners LP lowered its position in Trean Insurance Group, Inc. (NASDAQ:TIG) by 11.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 721,948 shares of the company’s stock after selling 92,257 shares during the quarter. Zimmer Partners LP’s holdings in Trean Insurance Group were worth $11,659,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently made changes to their positions in the business. Penn Capital Management Co. Inc. acquired a new stake in shares of Trean Insurance Group in the first quarter valued at approximately $624,000. Blair William & Co. IL boosted its holdings in shares of Trean Insurance Group by 315.0% in the first quarter. Blair William & Co. IL now owns 895,705 shares of the company’s stock valued at $14,466,000 after acquiring an additional 679,888 shares in the last quarter. Geode Capital Management LLC boosted its holdings in shares of Trean Insurance Group by 15.3% in the first quarter. Geode Capital Management LLC now owns 192,586 shares of the company’s stock valued at $3,110,000 after acquiring an additional 25,532 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of Trean Insurance Group by 1.7% in the first quarter. JPMorgan Chase & Co. now owns 36,857 shares of the company’s stock valued at $595,000 after acquiring an additional 612 shares in the last quarter. Finally, Sei Investments Co. boosted its holdings in shares of Trean Insurance Group by 17.0% in the first quarter. Sei Investments Co. now owns 11,838 shares of the company’s stock valued at $191,000 after acquiring an additional 1,722 shares in the last quarter. Institutional investors own 25.82% of the company’s stock.

Separately, Zacks Investment Research upgraded shares of Trean Insurance Group from a “sell” rating to a “hold” rating in a report on Wednesday, July 14th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $19.25.

Trean Insurance Group stock traded up $0.08 during midday trading on Thursday, reaching $14.52. The stock had a trading volume of 61,092 shares, compared to its average volume of 103,233. The firm has a fifty day moving average of $15.42. Trean Insurance Group, Inc. has a twelve month low of $9.90 and a twelve month high of $19.57. The company has a debt-to-equity ratio of 0.08, a quick ratio of 0.84 and a current ratio of 0.84.

Trean Insurance Group (NASDAQ:TIG) last posted its quarterly earnings data on Wednesday, May 12th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.13 by $0.03. Trean Insurance Group had a net margin of 40.69% and a return on equity of 9.80%. The firm had revenue of $47.38 million during the quarter, compared to analyst estimates of $49.52 million. Equities analysts forecast that Trean Insurance Group, Inc. will post 0.92 earnings per share for the current fiscal year.

In other Trean Insurance Group news, Director Altaris Partners, Llc sold 4,250,498 shares of the stock in a transaction that occurred on Monday, May 24th. The shares were sold at an average price of $13.30, for a total value of $56,531,623.40. Following the completion of the sale, the director now owns 92,083 shares in the company, valued at approximately $1,224,703.90. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Andrew O’brien sold 616,438 shares of the stock in a transaction that occurred on Monday, May 24th. The stock was sold at an average price of $13.30, for a total transaction of $8,198,625.40. The disclosure for this sale can be found here. Company insiders own 10.54% of the company’s stock.

Trean Insurance Group Company Profile

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

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