Trisura Group (TSE:TSU) Director Sells C$1,421,232.00 in Stock

Trisura Group Ltd. (TSE:TSU) Director Eileen Marie Sweeney sold 34,800 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of C$40.84, for a total value of C$1,421,232.00. Following the sale, the director directly owned 139,710 shares in the company, valued at C$5,705,756.40. This represents a 19.94% decrease in their position.

Trisura Group Price Performance

Shares of TSE:TSU opened at C$42.30 on Friday. The company has a market capitalization of C$2.00 billion, a P/E ratio of 13.65 and a beta of 0.64. Trisura Group Ltd. has a 1 year low of C$36.02 and a 1 year high of C$51.00. The business’s 50 day simple moving average is C$43.13 and its 200 day simple moving average is C$43.27.

Trisura Group (TSE:TSU) last issued its quarterly earnings results on Thursday, May 7th. The company reported C$0.78 earnings per share (EPS) for the quarter. The business had revenue of C$804.85 million for the quarter. Trisura Group had a return on equity of 16.65% and a net margin of 4.72%. On average, sell-side analysts anticipate that Trisura Group Ltd. will post 3.1349036 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on TSU shares. ATB Cormark Capital Markets increased their price target on Trisura Group from C$46.75 to C$52.00 and gave the company an “outperform” rating in a research note on Friday, February 13th. Desjardins set a C$60.00 price target on Trisura Group and gave the company a “buy” rating in a research note on Monday, April 27th. Canadian Imperial Bank of Commerce set a C$59.00 price target on Trisura Group and gave the company an “outperform” rating in a research note on Friday, February 27th. Scotiabank cut Trisura Group from a “sector outperform” rating to a “sector perform” rating and set a C$52.00 price target for the company. in a research note on Tuesday, April 28th. Finally, Raymond James Financial increased their price target on Trisura Group from C$57.00 to C$57.25 and gave the company an “outperform” rating in a research note on Friday, May 8th. Six research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of C$56.66.

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.