Trisura Group (TSE:TSU) Stock Gets Price Target Cut from Raymond James Financial

Trisura Group (TSE:TSU) had its target price cut by Raymond James Financial from C$58.50 to C$57.50 in a research report report published on Friday morning,BayStreet reports. They currently have an outperform rating on the stock.

Other analysts also recently issued research reports about the company. ATB Cormark Capital Markets decreased their target price on Trisura Group from C$55.00 to C$51.00 and set an “outperform” rating for the company in a research note on Tuesday, July 28th. National Bank Financial raised their target price on Trisura Group from C$59.00 to C$60.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Finally, RBC Dominion Securities dropped their price target on Trisura Group from C$60.00 to C$54.00 and set an “outperform” rating on the stock in a research report on Thursday. Six equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Trisura Group has an average rating of “Moderate Buy” and a consensus target price of C$56.31.

Trisura Group Price Performance

TSU stock opened at C$41.17 on Friday. The stock has a market capitalization of C$1.94 billion, a price-to-earnings ratio of 12.75 and a beta of 0.49. The company has a 50-day moving average of C$41.55 and a two-hundred day moving average of C$42.65. Trisura Group has a 52-week low of C$36.02 and a 52-week high of C$51.00.

Trisura Group (TSE:TSU) last posted its quarterly earnings data on Thursday, August 6th. The company reported C$0.76 EPS for the quarter. Trisura Group had a return on equity of 16.54% and a net margin of 4.80%. The business had revenue of C$198.42 million for the quarter. Equities analysts expect that Trisura Group will post 3.13 EPS for the current fiscal year.

Insider Buying and Selling

In other Trisura Group news, Director Eileen Marie Sweeney sold 13,900 shares of the stock in a transaction on Friday, August 28th. The shares were sold at an average price of C$42.19, for a total value of C$586,441.00. Following the completion of the sale, the director directly owned 139,710 shares of the company’s stock, valued at C$5,894,364.90. This represents a 9.05% decrease in their position. In the last ninety days, insiders have sold 34,800 shares of company stock worth $1,457,139. 1.09% of the stock is owned by corporate insiders.

About Trisura Group

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. The Trisura Guarantee segment generates maximum revenue, which offers Surety, Risk Solutions and Corporate Insurance products underwritten in Canada as well as the operations of Trisura Warranty.