Insider Selling: Trisura Group (TSE:TSU) Director Sells 34,800 Shares of Stock

Trisura Group Ltd. (TSE:TSU) Director Eileen Marie Sweeney sold 34,800 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of C$40.84, for a total transaction of C$1,421,232.00. Following the completion of the transaction, the director owned 139,710 shares of the company’s stock, valued at C$5,705,756.40. This trade represents a 19.94% decrease in their position.

Trisura Group Price Performance

Shares of Trisura Group stock traded up C$0.13 on Wednesday, hitting C$40.75. The company had a trading volume of 34,249 shares, compared to its average volume of 111,136. The firm has a market capitalization of C$1.92 billion, a P/E ratio of 13.15 and a beta of 0.42. Trisura Group Ltd. has a twelve month low of C$36.02 and a twelve month high of C$51.00. The stock has a 50-day moving average of C$43.32 and a 200-day moving average of C$43.25.

Trisura Group (TSE:TSU) last released its quarterly earnings results on Thursday, May 7th. The company reported C$0.78 earnings per share for the quarter. The company had revenue of C$804.85 million during the quarter. Trisura Group had a net margin of 4.72% and a return on equity of 16.65%. Equities analysts predict that Trisura Group Ltd. will post 3.1349036 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently weighed in on TSU shares. Scotiabank cut shares of Trisura Group from a “sector outperform” rating to a “sector perform” rating and set a C$52.00 price target for the company. in a report on Tuesday, April 28th. ATB Cormark Capital Markets boosted their price objective on shares of Trisura Group from C$46.75 to C$52.00 and gave the stock an “outperform” rating in a research report on Friday, February 13th. Raymond James Financial boosted their price objective on shares of Trisura Group from C$57.00 to C$57.25 and gave the stock an “outperform” rating in a research report on Friday, May 8th. Canadian Imperial Bank of Commerce set a C$59.00 price objective on shares of Trisura Group and gave the stock an “outperform” rating in a research report on Friday, February 27th. Finally, Desjardins set a C$60.00 price objective on shares of Trisura Group and gave the stock a “buy” rating in a research report on Monday, April 27th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of C$56.66.

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. 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.