Trisura Group (TSE:TSU) Shares Pass Below 50 Day Moving Average – Here’s Why

Trisura Group Ltd. (TSE:TSU) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of C$43.16 and traded as low as C$41.26. Trisura Group shares last traded at C$41.39, with a volume of 78,058 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. ATB Cormark Capital Markets dropped their price objective on shares of Trisura Group from C$55.00 to C$51.00 and set an “outperform” rating on the stock in a report on Tuesday, July 28th. Desjardins set a C$60.00 target price on shares of Trisura Group and gave the company a “buy” rating in a report on Monday, April 27th. Raymond James Financial increased their price target on shares of Trisura Group from C$57.00 to C$57.25 and gave the stock an “outperform” rating in a research report on Friday, May 8th. National Bank Financial lifted 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. Finally, Scotiabank downgraded shares of Trisura Group from a “sector outperform” rating to a “sector perform” rating and set a C$52.00 price objective for the company. in a research report on Tuesday, April 28th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Trisura Group presently has an average rating of “Moderate Buy” and an average target price of C$56.61.

Trisura Group Stock Down 2.5%

The firm has a market cap of C$1.92 billion, a PE ratio of 12.56 and a beta of 0.58. The firm’s fifty day simple moving average is C$43.14 and its two-hundred day simple moving average is C$43.61.

Trisura Group (TSE:TSU) last announced its quarterly earnings data on Thursday, August 6th. The company reported C$0.76 EPS for the quarter. Trisura Group had a net margin of 4.80% and a return on equity of 16.54%. The firm had revenue of C$198.42 million for the quarter. As a group, analysts anticipate that Trisura Group Ltd. will post 3.1349036 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Trisura Group news, Director Eileen Marie Sweeney sold 34,800 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of C$40.84, for a total transaction of C$1,421,232.00. Following the sale, the director directly owned 139,710 shares of the company’s stock, valued at C$5,705,756.40. This trade represents a 19.94% decrease in their ownership of the stock. 1.09% of the stock is currently owned by corporate insiders.

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.