Trisura Group (TSE:TSU) Trading Down 2.2% – Time to Sell?

Trisura Group Ltd. (TSE:TSU) shares were down 2.2% during trading on Monday . The company traded as low as C$38.70 and last traded at C$38.87. Approximately 44,359 shares were traded during mid-day trading, a decline of 50% from the average daily volume of 88,102 shares. The stock had previously closed at C$39.75.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on TSU shares. Desjardins set a C$54.00 price target on Trisura Group and gave the company a “buy” rating in a research report on Friday, October 24th. Royal Bank Of Canada raised their price objective on Trisura Group from C$55.00 to C$57.00 in a research report on Monday, November 10th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Trisura Group currently has a consensus rating of “Buy” and a consensus target price of C$53.71.

Trisura Group Stock Performance

The stock has a 50-day moving average of C$38.83 and a two-hundred day moving average of C$40.54. The company has a market cap of C$1.91 billion, a P/E ratio of 15.65 and a beta of 0.08.

Trisura Group (TSE:TSU) last released its earnings results on Thursday, November 6th. The company reported C$0.71 EPS for the quarter. Trisura Group had a return on equity of 16.30% and a net margin of 3.76%.The firm had revenue of C$799.34 million for the quarter. Research analysts predict that Trisura Group Ltd. will post 3.1349036 EPS for the current year.

Insider Buying and Selling

In other news, insider Cibc Asset Management Inc. acquired 64,700 shares of Trisura Group stock in a transaction on Tuesday, October 21st. The stock was acquired at an average cost of C$37.78 per share, for a total transaction of C$2,444,366.00. Following the purchase, the insider owned 5,479,427 shares in the company, valued at C$207,012,752.06. This trade represents a 1.19% increase in their ownership of the stock. Company insiders own 1.09% of the company’s stock.

Trisura Group Company Profile

Trisura Group Ltd is a Canadian based company engages in the provision of specialty insurance. The company’s operations currently include specialty property and casualty insurance (Surety, Risk Solutions, and Corporate Insurance business lines), underwritten predominantly in Canada. The operating business segments are Trisura Guarantee, Trisura Specialty, and Trisura International.