Trisura Group Ltd. (TSE:TSU) Stock Now Rated “Moderate Buy” by Wall Street Analysts

Trisura Group Ltd. (TSE:TSU) has been given an average rating of “Moderate Buy” by the eight analysts that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is C$55.39.

TSU has been the topic of a number of recent analyst reports. National Bank Financial increased their price target 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. Scotia dropped their price objective on Trisura Group from C$53.00 to C$52.00 and set a “sector perform” rating for the company in a report on Monday, October 19th. ATB Cormark Capital Markets dropped their price objective on Trisura Group from C$55.00 to C$51.00 and set an “outperform” rating for the company in a report on Tuesday, July 28th. Desjardins cut their target price on Trisura Group from C$60.00 to C$56.00 and set a “buy” rating on the stock in a research report on Thursday, October 29th. Finally, RBC Dominion Securities reduced their target price on Trisura Group from C$60.00 to C$54.00 and set an “outperform” rating on the stock in a report on Thursday, October 15th.

Trisura Group Price Performance

TSU opened at C$41.50 on Wednesday. The stock has a market capitalization of C$1.96 billion, a price-to-earnings ratio of 12.85 and a beta of 0.49. The business has a 50-day moving average of C$41.48 and a two-hundred day moving average of C$43.02. Trisura Group has a 12 month low of C$36.61 and a 12 month high of C$51.00.

Trisura Group (TSE:TSU) last announced its quarterly earnings data on Thursday, August 6th. The company reported C$0.76 earnings per share for the quarter. Trisura Group had a net margin of 4.80% and a return on equity of 16.54%. The business had revenue of C$198.42 million for the quarter. Equities research analysts anticipate that Trisura Group will post 3.13 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Eileen Marie Sweeney sold 2,500 shares of the firm’s stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of C$42.03, for a total value of C$105,075.00. Following the transaction, the director directly owned 139,710 shares in the company, valued at C$5,872,011.30. This trade represents a 1.76% decrease in their position. Insiders sold 34,800 shares of company stock worth $1,457,139 in the last ninety days. Corporate 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.