Trisura Group (TSE:TSU) Announces Quarterly Earnings Results

Trisura Group (TSE:TSU) posted its quarterly earnings results on Thursday. The company reported C$0.76 earnings per share (EPS) for the quarter, FiscalAI reports. Trisura Group had a return on equity of 16.65% and a net margin of 4.72%.The business had revenue of C$198.42 million for the quarter.

Trisura Group Stock Down 1.1%

Shares of TSE TSU traded down C$0.46 during trading hours on Friday, hitting C$41.60. The stock had a trading volume of 103,535 shares, compared to its average volume of 102,138. The company has a debt-to-equity ratio of 23.38, a quick ratio of 0.22 and a current ratio of 23.58. The company has a market capitalization of C$1.97 billion, a P/E ratio of 13.42 and a beta of 0.58. The firm’s 50-day moving average price is C$43.11 and its two-hundred day moving average price is C$43.71. Trisura Group has a 52 week low of C$36.02 and a 52 week high of C$51.00.

Insider Activity

In related news, Director Eileen Marie Sweeney sold 34,800 shares of the company’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of C$40.84, for a total value of C$1,421,232.00. Following the completion of the sale, the director directly owned 139,710 shares in the company, valued at approximately C$5,705,756.40. This represents a 19.94% decrease in their ownership of the stock. Insiders own 1.09% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on TSU shares. Raymond James Financial increased their price objective on shares of Trisura Group from C$57.00 to C$57.25 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Desjardins set a C$60.00 target price on shares of Trisura Group and gave the company a “buy” rating in a research report on Monday, April 27th. National Bank Financial boosted their price objective on 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. Scotiabank downgraded shares of 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 report on Tuesday, April 28th. Finally, ATB Cormark Capital Markets reduced their target price 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. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of C$56.66.

Trisura Group Company Profile

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.