Trisura Group (TSE:TSU) Stock Gets Price Target Trim from Royal Bank Of Canada

Trisura Group (TSE:TSU) had its target price decreased by Royal Bank Of Canada from C$54.00 to C$42.00 in a research note released on Monday,BayStreet reports. Royal Bank Of Canada currently has an outperform rating on the stock.

Other analysts have also recently issued research reports about the stock. Scotia decreased their price target on shares of 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. RBC Dominion Securities lowered their price objective on shares of Trisura Group from C$60.00 to C$54.00 and set an “outperform” rating on the stock in a research report on Thursday, October 15th. Raymond James Financial dropped their price objective on shares of Trisura Group from C$58.50 to C$57.50 and set an “outperform” rating on the stock in a research note on Friday, October 16th. Desjardins reduced their target price on shares of Trisura Group from C$60.00 to C$56.00 and set a “buy” rating for the company in a report on Thursday, October 29th. Finally, National Bank Financial increased their target price on shares of Trisura Group from C$59.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Monday, July 27th. Five equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$48.72.

Trisura Group Stock Up 1.7%

TSU opened at C$31.41 on Monday. The firm has a market cap of C$1.48 billion, a price-to-earnings ratio of 10.54 and a beta of 0.52. Trisura Group has a 52 week low of C$28.85 and a 52 week high of C$51.00. The business’s 50 day moving average is C$40.60 and its two-hundred day moving average is C$42.71.

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

Insider Buying and Selling at Trisura Group

In other news, Director Eileen Marie Sweeney sold 13,900 shares of the business’s stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of C$42.19, for a total value of C$586,441.00. Following the transaction, the director owned 139,710 shares of the company’s stock, valued at approximately C$5,894,364.90. The trade was a 9.05% decrease in their ownership of the stock. In the last quarter, insiders sold 34,800 shares of company stock valued at $1,457,139. Company 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.