Trisura Group (TSE:TSU) Downgraded by National Bank Financial to Sector Perform

Trisura Group (TSE:TSU) was downgraded by investment analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating in a report released on Monday, BayStreet reports. They currently have a C$35.00 price target on the stock, down from their previous price target of C$60.00. National Bank Financial‘s target price points to a potential upside of 18.93% from the company’s previous close.

Several other research analysts also recently weighed in on TSU. Scotia lowered their price objective on shares of Trisura Group from C$53.00 to C$52.00 and set a “sector perform” rating on the stock in a report on Monday, October 19th. Royal Bank Of Canada decreased their target price on shares of Trisura Group from C$54.00 to C$42.00 and set an “outperform” rating for the company in a research report on Monday. Raymond James Financial lowered their target price on shares of Trisura Group from C$58.50 to C$57.50 and set an “outperform” rating on the stock in a report on Friday, October 16th. Desjardins lowered their target price on shares of Trisura Group from C$60.00 to C$56.00 and set a “buy” rating on the stock in a report on Thursday, October 29th. Finally, ATB Cormark Capital Markets dropped their price target on shares of Trisura Group from C$55.00 to C$51.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 28th. Six equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Trisura Group currently has a consensus rating of “Moderate Buy” and a consensus price target of C$50.94.

Trisura Group Stock Performance

Shares of TSE TSU traded down C$0.15 during midday trading on Monday, hitting C$29.43. 643,681 shares of the stock traded hands, compared to its average volume of 105,664. Trisura Group has a one year low of C$28.85 and a one year high of C$51.00. The business has a 50 day moving average price of C$41.27 and a two-hundred day moving average price of C$42.91. The company has a market cap of C$1.39 billion, a PE ratio of 9.11 and a beta of 0.52.

Trisura Group (TSE:TSU) last posted its quarterly earnings results on Thursday, November 5th. The company reported C$0.73 earnings per share (EPS) for the quarter. Trisura Group had a net margin of 4.80% and a return on equity of 16.54%. The business had revenue of C$832.50 million during the quarter. As a group, equities research analysts forecast that Trisura Group will post 3.13 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Eileen Marie Sweeney sold 2,500 shares of Trisura Group stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of C$42.03, for a total transaction of C$105,075.00. Following the sale, the director directly owned 139,710 shares in the company, valued at C$5,872,011.30. The trade was a 1.76% decrease in their position. Insiders sold 34,800 shares of company stock worth $1,457,139 in the last 90 days. Company insiders own 1.09% of the company’s stock.

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.