Trean Insurance Group downgraded by JP Morgan with a new price target
$TIG
JP Morgan downgraded Trean Insurance Group from Overweight to Neutral and set a new price target of $6.00 from $9.00 previously
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/31/2022 | $6.50 → $5.50 | Outperform → In-line | Evercore ISI |
| 3/29/2022 | $9.00 → $6.00 | Overweight → Neutral | JP Morgan |
| 1/14/2022 | $18.00 → $14.00 | Market Outperform | JMP Securities |
| 11/11/2021 | $21.00 → $18.00 | Market Outperform | JMP Securities |
| 8/13/2021 | $18.00 → $15.00 | Neutral → Overweight | JP Morgan |
| 8/12/2021 | Outperform → Market Perform | William Blair |
15-12G - Trean Insurance Group, Inc. (0001801754) (Filer)
S-8 POS - Trean Insurance Group, Inc. (0001801754) (Filer)
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WAYZATA, Minn. and NEW YORK, April 21, 2023 (GLOBE NEWSWIRE) -- Trean Insurance Group, Inc. ("Trean" or the "Company"), a leading provider of products and services to the specialty insurance market, today announced the completion of the acquisition of the Company by funds managed by Altaris, LLC (collectively with its affiliates, "Altaris") for $6.15 per share in cash. The transaction was announced on December 16, 2022 and received approval from stockholders on April 18, 2023. As a result, Trean's common stock ceased trading and will no longer be listed on Nasdaq. "We are thrilled to begin the next chapter of Trean's successful partnership with Altaris, which will continue to enhance our
WAYZATA, Minn. and NEW YORK, April 18, 2023 (GLOBE NEWSWIRE) -- Trean Insurance Group, Inc. (NASDAQ:TIG) ("Trean" or the "Company"), a leading provider of products and services to the specialty insurance market, announced that at the Special Meeting of Stockholders (the "Special Meeting") held earlier today, the Company's stockholders approved the Agreement and Plan of Merger entered into by the Company with affiliates of Altaris, LLC (collectively with its affiliates, "Altaris") (the "Merger Agreement") providing for the proposed merger of the Company with an affiliate of funds managed by Altaris (the "Merger"). The proposal to adopt the Merger Agreement and approve the Merger was suppor
WAYZATA, Minn., April 12, 2023 (GLOBE NEWSWIRE) -- Trean Insurance Group, Inc. (NASDAQ:TIG) ("Trean" or the "Company"), a leading provider of products and services to the specialty insurance market, would like to remind stockholders that its Special Meeting of Stockholders (the "Special Meeting") to consider and vote on the adoption of the Agreement and Plan of Merger entered into by the Company with affiliates of Altaris, LLC (collectively with its affiliates, "Altaris") (the "Merger Agreement") providing for the proposed merger of the Company with an affiliate of funds managed by Altaris (the "Merger") and the approval of the Merger will be held on April 18, 2023 at 10:00 am Central Time
Evercore ISI downgraded Trean Insurance Group from Outperform to In-line and set a new price target of $5.50 from $6.50 previously
JP Morgan downgraded Trean Insurance Group from Overweight to Neutral and set a new price target of $6.00 from $9.00 previously
JMP Securities reiterated coverage of Trean Insurance Group with a rating of Market Outperform and set a new price target of $14.00 from $18.00 previously
4 - Trean Insurance Group, Inc. (0001801754) (Issuer)
4 - Trean Insurance Group, Inc. (0001801754) (Issuer)
4 - Trean Insurance Group, Inc. (0001801754) (Issuer)
WAYZATA, Minn., March 10, 2022 (GLOBE NEWSWIRE) -- Trean Insurance Group, Inc. (NASDAQ:TIG) ("Trean" or the "Company"), a leading provider of products and services to the specialty insurance market, announced today that its Board of Directors has appointed a new independent director, Philip I. Smith, to its Board of Directors, effective immediately. Mr. Smith brings to the Board over 25 years of experience in finance and executive management. He is currently a managing director of Duff & Phelps, an investment banking firm that provides valuation, corporate finance and other services, where he provides mergers and acquisitions advisory services. His appointment increases the size of th
WAYZATA, Minn., March 09, 2023 (GLOBE NEWSWIRE) -- Trean Insurance Group, Inc. (NASDAQ:TIG) ("Trean" or the "Company"), a leading provider of products and services to the specialty insurance market, today reported results for the fourth quarter and full year ended December 31, 2022. Fourth Quarter and Full Year 2022 Highlights Announced definitive merger agreement with affiliates of Altaris, LLC (collectively with its affiliates, "Altaris"), which currently owns approximately 47% of Trean's outstanding common stock. The transaction is expected to close during the first half of 2023, subject to certain closing conditions, including obtaining approval of a majority of the outstanding share
AM Best has commented that the Credit Ratings (ratings) of the members of Benchmark Insurance Group (BIG) and its ultimate parent, Trean Insurance Group, Inc. (Delaware) (Trean Insurance) (NASDAQ:TIG), remain unchanged following an announced merger agreement with affiliates of Altaris, LLC. (Altaris). BIG is comprised of Benchmark Insurance Company (headquartered in Wayzata, MN), Benchmark Specialty Insurance Company (Little Rock, AR), American Liberty Insurance Company (Provo, UT) and 7710 Insurance Company (Summerton, SC). Altaris currently owns approximately 47% of Trean's outstanding common stock. Under the terms of the merger agreement, Altaris will acquire the remaining common stock
Net Income of $7.6 Million and Adjusted Net Income of $5.5 Million Diluted Earnings per Share of $0.15 and Adjusted Diluted Earnings per Share of $0.11 Updates Full Year 2022 Outlook WAYZATA, Minn., Nov. 02, 2022 (GLOBE NEWSWIRE) -- Trean Insurance Group, Inc. (NASDAQ:TIG) ("Trean" or the "Company"), a leading provider of products and services to the specialty insurance market, today reported results for the third quarter ended September 30, 2022. Third Quarter 2022 Highlights Gross written premiums were $162.2 million, a $15.4 million, or 8.7%, decline compared to the same prior-year period.Net earned premiums were $71.4 million, a $19.4 million, or 37.4%, increase compared
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SC 13G/A - Trean Insurance Group, Inc. (0001801754) (Subject)