Trean Insurance Group (TIG) Stock Price, News & Analysis

Trean Insurance Group, Inc. (NASDAQ:TIG) posted its earnings results on Wednesday, November, 10th. The company reported $0.15 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.20 by $0.05. The firm earned $56.94 million during the quarter, compared to analyst estimates of $59.64 million. Trean Insurance Group had a negative net margin of 21.75% and a positive trailing twelve-month return on equity of 2.04%. During the same quarter in the prior year, the firm earned $0.21 earnings per share.

42 employees have rated Trean Insurance Group Chief Executive Officer Tim Griffiths on Glassdoor.com. Tim Griffiths has an approval rating of 45% among the company's employees. This puts Tim Griffiths in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Trean Insurance Group investors own include Editas Medicine (EDIT), Agenus (AGEN), Pharming Group (PHGUF), Galapagos (GLPG), NewLink Genetics (NLNK), ING Groep (ING), Cytori Therapeutics (CYTX), Hemispherx BioPharma (HEB), Teva Pharmaceutical Industries (TEVA) and Ultra Clean (UCTT).

Trean Insurance Group (TIG) raised $150 million in an initial public offering (IPO) on Thursday, July 16th 2020. The company issued 10,700,000 shares at a price of $13.00-$15.00 per share. J.P. Morgan, Evercore ISI and William Blair acted as the underwriters for the IPO and JMP Securities was co-manager.