Trisura Group (TSE:TSU) Stock Rating Reaffirmed by Desjardins

Desjardins reiterated their buy rating on shares of Trisura Group (TSE:TSU) in a research report sent to investors on Monday morning, Zacks.com reports. Desjardins also issued estimates for Trisura Group’s Q1 2024 earnings at $0.63 EPS, Q2 2024 earnings at $0.69 EPS, Q3 2024 earnings at $0.72 EPS, Q4 2024 earnings at $0.64 EPS, FY2024 earnings at $2.68 EPS and FY2025 earnings at $3.12 EPS.

Several other brokerages have also recently weighed in on TSU. CIBC raised their target price on Trisura Group from C$50.00 to C$55.00 and gave the company an outperform rating in a research note on Monday, February 12th. BMO Capital Markets increased their price target on Trisura Group from C$49.00 to C$52.00 and gave the company an outperform rating in a research report on Monday, February 12th. National Bankshares increased their price target on Trisura Group from C$64.00 to C$65.00 and gave the company an outperform rating in a research report on Monday, February 12th. Cormark increased their price target on Trisura Group from C$51.00 to C$52.00 and gave the company a buy rating in a research report on Monday, February 12th. Finally, Raymond James increased their price target on Trisura Group from C$54.00 to C$64.00 and gave the company an outperform rating in a research report on Monday, February 12th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of Buy and an average target price of C$55.63.

Trisura Group Trading Up 1.2 %

Shares of TSU stock opened at C$43.04 on Monday. The stock has a 50-day simple moving average of C$42.34 and a 200 day simple moving average of C$36.67. Trisura Group has a fifty-two week low of C$29.05 and a fifty-two week high of C$44.83. The stock has a market capitalization of C$2.04 billion, a P/E ratio of 286.93 and a beta of 0.82. The company has a quick ratio of 0.22, a current ratio of 2.46 and a debt-to-equity ratio of 13.67.

Trisura Group (TSE:TSU) last announced its earnings results on Thursday, February 8th. The company reported C$0.54 earnings per share for the quarter, beating the consensus estimate of C$0.49 by C$0.05. Trisura Group had a return on equity of 12.03% and a net margin of 2.36%. The business had revenue of C$754.95 million during the quarter. On average, sell-side analysts expect that Trisura Group will post 2.7177792 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Michael Beasley sold 38,822 shares of the stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of C$43.28, for a total value of C$1,680,022.05. In other news, Director Chris Yoshio Sekine sold 55,518 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of C$43.23, for a total transaction of C$2,399,837.72. Also, Director Michael Beasley sold 38,822 shares of the firm’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of C$43.28, for a total value of C$1,680,022.05. In the last ninety days, insiders sold 94,825 shares of company stock valued at $4,100,283. Corporate insiders own 1.62% of the company’s stock.

Trisura Group Company Profile

Trisura Group Ltd., a specialty insurance company, operates in the surety, risk solutions, corporate insurance, and reinsurance businesses in Canada, the United States, and internationally. The company operates through Trisura Canada and Trisura the United States segments. It also offers risk solutions, fronting, and insurance products, as well as provides business underwriting services.