Trisura Group (TSE:TSU) Shares Pass Below 50 Day Moving Average – Time to Sell?

Trisura Group Ltd. (TSE:TSU)’s share price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$43.10 and traded as low as C$41.77. Trisura Group shares last traded at C$42.06, with a volume of 58,016 shares.

Analysts Set New Price Targets

Several analysts recently issued reports on the company. Scotiabank cut Trisura Group from a “sector outperform” rating to a “sector perform” rating and set a C$52.00 target price on the stock. in a research note on Tuesday, April 28th. Raymond James Financial upped their price target on Trisura Group from C$57.00 to C$57.25 and gave the company an “outperform” rating in a research report on Friday, May 8th. National Bank Financial increased their price objective on Trisura Group from C$59.00 to C$60.00 and gave the stock an “outperform” rating in a report on Monday, July 27th. Desjardins set a C$60.00 price objective on Trisura Group and gave the stock a “buy” rating in a research report on Monday, April 27th. Finally, ATB Cormark Capital Markets cut their price objective on Trisura Group from C$55.00 to C$51.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 28th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of C$56.66.

Trisura Group Stock Down 0.7%

The company’s fifty day moving average price is C$43.10 and its 200-day moving average price is C$43.72. The stock has a market capitalization of C$1.99 billion, a PE ratio of 13.57 and a beta of 0.58. The company has a quick ratio of 0.22, a current ratio of 23.58 and a debt-to-equity ratio of 23.38.

Trisura Group (TSE:TSU) last issued its quarterly earnings results on Thursday, August 6th. The company reported C$0.76 EPS for the quarter. The firm had revenue of C$198.42 million for the quarter. Trisura Group had a return on equity of 16.65% and a net margin of 4.72%. Analysts forecast that Trisura Group Ltd. will post 3.1349036 earnings per share for the current year.

Insider Transactions at Trisura Group

In other Trisura Group news, Director Eileen Marie Sweeney sold 34,800 shares of the business’s stock in a transaction 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 of the company’s stock, valued at approximately C$5,705,756.40. The trade was a 19.94% decrease in their ownership of the stock. 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.