Trisura Group (TSE:TSU) Announces Earnings Results

Trisura Group (TSE:TSU) released its earnings results on Thursday. The company reported C$0.76 earnings per share for the quarter, FiscalAI reports. The business had revenue of C$198.42 million for the quarter. Trisura Group had a return on equity of 16.65% and a net margin of 4.72%.

Trisura Group Trading Down 0.7%

TSU stock opened at C$42.06 on Friday. Trisura Group has a fifty-two week low of C$36.02 and a fifty-two week high of C$51.00. The stock has a market capitalization of C$1.99 billion, a price-to-earnings ratio of 13.57 and a beta of 0.58. The company has a debt-to-equity ratio of 23.38, a current ratio of 23.58 and a quick ratio of 0.22. The business has a fifty day moving average price of C$43.10 and a 200 day moving average price of C$43.72.

Wall Street Analyst Weigh In

TSU has been the subject of a number of recent research reports. ATB Cormark Capital Markets cut 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. Scotiabank cut shares of Trisura Group from a “sector outperform” rating to a “sector perform” rating and set a C$52.00 price objective for the company. in a research note on Tuesday, April 28th. Desjardins set a C$60.00 price objective on shares of Trisura Group and gave the stock a “buy” rating in a report on Monday, April 27th. National Bank Financial upped their target price on shares of Trisura Group from C$59.00 to C$60.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. Finally, Raymond James Financial increased their price target 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. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, Trisura Group currently has a consensus rating of “Moderate Buy” and a consensus target price of C$56.66.

Insider Activity

In related news, Director Eileen Marie Sweeney sold 34,800 shares of the company’s stock in a transaction dated 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 transaction, the director owned 139,710 shares in the company, valued at C$5,705,756.40. This represents a 19.94% decrease in their position. 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.