Trisura Group (TSE:TSU) Cut to Hold at National Bank Financial

Key Points

• National Bank Financial downgraded Trisura Group to Hold from Outperform and cut its price target from C$60 to C$35, implying 18.81% upside from the prior close.
• Analyst sentiment remains positive overall: six analysts rate the stock Buy and four Hold, for a consensus “Moderate Buy” rating and C$50.94 average price target.
• Trisura shares opened at C$29.46; the insurer reported quarterly earnings of C$0.73 per share on C$832.5 million in revenue.

Trisura Group (TSE:TSU - Get Free Report) was downgraded by investment analysts at National Bank Financial from an "outperform" rating to a "hold" rating in a research note issued to investors on Monday, Marketbeat reports. They currently have a C$35.00 target price on the stock, down from their prior target price of C$60.00. National Bank Financial's price objective indicates a potential upside of 18.81% from the company's previous close.

A number of other equities analysts have also recently weighed in on the stock. RBC Dominion Securities lowered their price objective on shares of Trisura Group from C$60.00 to C$54.00 and set an "outperform" rating for the company in a research report on Thursday, October 15th. 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. Raymond James Financial decreased their price target on Trisura Group from C$58.50 to C$57.50 and set an "outperform" rating on the stock in a research note on Friday, October 16th. ATB Cormark Capital Markets decreased their target price on Trisura Group from C$55.00 to C$51.00 and set an "outperform" rating on the stock in a research note on Tuesday, July 28th. Finally, Royal Bank Of Canada lowered their target price on Trisura Group from C$54.00 to C$42.00 and set an "outperform" rating for the company in a report on Monday. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of C$50.94.

Trisura Group Price Performance

TSE TSU opened at C$29.46 on Monday. The stock has a market capitalization of C$1.39 billion, a P/E ratio of 9.12 and a beta of 0.52. The firm's 50-day moving average is C$41.02 and its two-hundred day moving average is C$42.84. Trisura Group has a 12 month low of C$28.85 and a 12 month high of C$51.00.

Trisura Group (TSE:TSU - Get Free Report) last announced its quarterly earnings results on Thursday, November 5th. The company reported C$0.73 earnings per share for the quarter. The business had revenue of C$832.50 million during the quarter. Trisura Group had a net margin of 4.80% and a return on equity of 16.54%. As a group, analysts anticipate that Trisura Group will post 3.13 EPS for the current year.

Insider Buying and Selling at Trisura Group

In related news, Director Eileen Marie Sweeney sold 2,500 shares of the firm's stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of C$42.03, for a total value of C$105,075.00. Following the sale, the director owned 139,710 shares of the company's stock, valued at C$5,872,011.30. This trade represents a 1.76% decrease in their ownership of the stock. Insiders have sold 34,800 shares of company stock worth $1,457,139 in the last 90 days. 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.