Trisura Group (TSE:TSU) Stock Gets Price Target Trim from RBC Dominion Securities

Trisura Group (TSE:TSU) had its price objective reduced by RBC Dominion Securities from C$60.00 to C$54.00 in a research note published on Thursday morning,BayStreet reports. They currently have an outperform rating on the stock.

A number of other research firms have also recently weighed in on TSU. ATB Cormark Capital Markets lowered 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 note on Tuesday, July 28th. National Bank Financial increased their price target on shares of Trisura Group from C$59.00 to C$60.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of C$56.31.

Trisura Group Trading Down 0.3%

Shares of TSU stock opened at C$41.17 on Thursday. The firm has a fifty day moving average price of C$41.55 and a 200 day moving average price of C$42.65. Trisura Group has a 12 month low of C$36.02 and a 12 month high of C$51.00. The company has a market cap of C$1.94 billion, a P/E ratio of 12.75 and a beta of 0.49.

Trisura Group (TSE:TSU) last released its quarterly earnings data on Thursday, August 6th. The company reported C$0.76 earnings per share (EPS) for the quarter. Trisura Group had a return on equity of 16.54% and a net margin of 4.80%. The firm had revenue of C$198.42 million during the quarter. On average, equities analysts forecast that Trisura Group will post 3.13 EPS for the current year.

Insider Activity

In other news, Director Eileen Marie Sweeney sold 2,500 shares of the business’s stock in a transaction that occurred 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 owned 139,710 shares of the company’s stock, valued at C$5,872,011.30. The trade was a 1.76% decrease in their position. In the last three months, insiders have sold 34,800 shares of company stock worth $1,457,139. 1.09% of the stock is currently owned by company insiders.

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.