Trisura Group Ltd. (TSE:TSU) Stock Has Consensus Price Target of C$55.39

Trisura Group Ltd. (TSE:TSU) has been assigned an average rating of “Moderate Buy” from the ten research firms that are covering the firm, Marketbeat reports. Five equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is C$48.72.

A number of analysts have weighed in on the stock. Desjardins lowered shares of Trisura Group from a “buy” rating to a “hold” rating and cut their target price for the company from C$56.00 to C$36.00 in a research report on Tuesday. National Bank Financial cut Trisura Group from an “outperform” rating to a “hold” rating and reduced their price objective for the company from C$60.00 to C$35.00 in a research note on Monday. Scotia cut 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. TD Securities lowered shares of Trisura Group from a “strong-buy” rating to a “hold” rating in a research report on Monday. Finally, RBC Dominion Securities reduced their price objective on shares of Trisura Group from C$60.00 to C$54.00 and set an “outperform” rating for the company in a research note on Thursday, October 15th.

Key Headlines Impacting Trisura Group

Here are the key news stories impacting Trisura Group this week:

• Neutral Sentiment: RBC lowered its price target to C$42 from C$54 but kept an “outperform” rating, signaling continued optimism alongside a more conservative valuation. RBC analyst update
• Negative Sentiment: Desjardins downgraded TSU to “hold” from “buy” and cut its target to C$36 from C$56. Desjardins analyst update
• Negative Sentiment: TD Securities moved its rating to “hold” from “strong buy” and lowered its target to C$45. TD Securities analyst update
• Negative Sentiment: National Bank Financial downgraded the stock to “hold” from “outperform” and reduced its target to C$35 from C$60. National Bank Financial analyst update

Insider Transactions at Trisura Group

In other Trisura Group news, Director Eileen Marie Sweeney sold 13,900 shares of the firm’s stock in a transaction dated Friday, August 28th. The stock was sold at an average price of C$42.19, for a total transaction of C$586,441.00. Following the sale, the director owned 139,710 shares in the company, valued at C$5,894,364.90. This trade represents a 9.05% decrease in their ownership of the stock. Insiders have sold 34,800 shares of company stock valued at $1,457,139 in the last ninety days. 1.09% of the stock is currently owned by insiders.

Trisura Group Stock Up 4.8%

Shares of Trisura Group stock opened at C$30.88 on Wednesday. Trisura Group has a twelve month low of C$28.85 and a twelve month high of C$51.00. The company has a 50-day simple moving average of C$40.80 and a two-hundred day simple moving average of C$42.77. The stock has a market capitalization of C$1.46 billion, a price-to-earnings ratio of 9.56 and a beta of 0.52.

Trisura Group (TSE:TSU) last issued its quarterly earnings results on Thursday, November 5th. The company reported C$0.73 earnings per share (EPS) for the quarter. The business had revenue of C$832.50 million for the quarter. Trisura Group had a return on equity of 16.54% and a net margin of 4.80%. On average, sell-side analysts anticipate that Trisura Group will post 3.13 earnings per share for the current fiscal year.

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.