Trisura Group (TSE:TSU) Given New C$57.50 Price Target at Raymond James Financial

Key Points

• Raymond James lowered Trisura Group’s price target to C$57.50 from C$58.50 while maintaining an “outperform” rating, implying approximately 40.86% upside from the prior close.
• Analyst sentiment remains favorable, with six Buy ratings and one Hold rating; the consensus is “Moderate Buy” with an average target price of C$56.31.
• Trisura shares fell 1.2% to C$40.82, while the company reported quarterly EPS of C$0.76 and C$198.42 million in revenue. Insiders sold 34,800 shares worth about C$1.46 million over the past three months.

Trisura Group (TSE:TSU - Get Free Report) had its price objective reduced by equities researchers at Raymond James Financial from C$58.50 to C$57.50 in a report issued on Friday, BayStreet reports. The firm presently has an "outperform" rating on the stock. Raymond James Financial's price objective points to a potential upside of 40.86% from the stock's previous close.

TSU has been the subject of a number of other reports. National Bank Financial boosted their price objective on Trisura Group from C$59.00 to C$60.00 and gave the company an "outperform" rating in a research note on Monday, July 27th. RBC Dominion Securities decreased their target price on shares of Trisura Group from C$60.00 to C$54.00 and set an "outperform" rating on the stock in a research note on Thursday. Finally, ATB Cormark Capital Markets lowered their price target 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. Six research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Trisura Group has an average rating of "Moderate Buy" and an average target price of C$56.31.

Trisura Group Trading Down 1.2%

TSE TSU traded down C$0.49 during trading hours on Friday, hitting C$40.82. 31,497 shares of the company's stock traded hands, compared to its average volume of 97,354. The firm has a market capitalization of C$1.93 billion, a P/E ratio of 12.64 and a beta of 0.49. The business's fifty day moving average price is C$41.56 and its two-hundred day moving average price is C$42.66. Trisura Group has a 52 week low of C$36.02 and a 52 week high of C$51.00.

Trisura Group (TSE:TSU - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The company reported C$0.76 EPS for the quarter. Trisura Group had a return on equity of 16.54% and a net margin of 4.80%. The business had revenue of C$198.42 million during the quarter. On average, sell-side analysts expect that Trisura Group will post 3.13 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Eileen Marie Sweeney sold 13,900 shares of the stock in a transaction that occurred on Friday, August 28th. The stock was sold at an average price of C$42.19, for a total transaction of C$586,441.00. Following the completion of the transaction, the director directly owned 139,710 shares of the company's stock, valued at approximately C$5,894,364.90. This represents a 9.05% decrease in their ownership of the stock. Insiders sold 34,800 shares of company stock worth $1,457,139 over the last three months. 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.

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