Trisura Group (TSE:TSU) Stock Moved Down to Hold by TD Securities

TD Securities cut shares of Trisura Group (TSE:TSU) from a strong-buy rating to a hold rating in a research note issued to investors on Monday morning,Zacks reports.

TSU has been the subject of several other research reports. RBC Dominion Securities reduced their price target on shares of Trisura Group from C$60.00 to C$54.00 and set an “outperform” rating for the company in a research report on Thursday, October 15th. Desjardins decreased their price target on shares of Trisura Group from C$60.00 to C$56.00 and set a “buy” rating on the stock in a research note on Thursday, October 29th. Royal Bank Of Canada lowered their price objective on Trisura Group from C$54.00 to C$42.00 and set an “outperform” rating on the stock in a report on Monday. Scotia cut their price objective on Trisura Group from C$53.00 to C$52.00 and set a “sector perform” rating for the company in a research note on Monday, October 19th. Finally, ATB Cormark Capital Markets reduced their target price on Trisura Group from C$55.00 to C$51.00 and set an “outperform” rating for the company in a report on Tuesday, July 28th. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of C$50.94.

Trisura Group Stock Performance

Trisura Group stock opened at C$29.46 on Monday. The company’s fifty day moving average price is C$41.02 and its 200 day moving average price is C$42.84. Trisura Group has a 1 year low of C$28.85 and a 1 year high of C$51.00. The stock has a market capitalization of C$1.39 billion, a P/E ratio of 9.12 and a beta of 0.52.

Trisura Group (TSE:TSU) last posted its quarterly earnings data 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 for the quarter. Sell-side analysts predict that Trisura Group will post 3.13 EPS for the current year.

Insider Transactions at Trisura Group

In other news, Director Eileen Marie Sweeney sold 2,500 shares of the company’s stock in a transaction on Wednesday, September 2nd. The shares were sold at an average price of C$42.03, for a total transaction of C$105,075.00. Following the completion of the sale, the director owned 139,710 shares of the company’s stock, valued at C$5,872,011.30. This represents a 1.76% decrease in their ownership of the stock. Over the last 90 days, insiders have sold 34,800 shares of company stock worth $1,457,139. 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.