Trisura Group (TSE:TSU) Stock Rating Lowered by TD Securities

Key Points

• TD Securities downgraded Trisura Group from “strong buy” to “hold.” Other analysts also trimmed price targets, though six rate the stock Buy and four Hold; the consensus rating is “Moderate Buy” with a C$50.94 target.
• Trisura shares opened at C$29.46, near their one-year low of C$28.85, and were well below their 50-day and 200-day moving averages.
• The company reported quarterly earnings of C$0.73 per share on C$832.5 million in revenue; analysts forecast C$3.13 in EPS for the current fiscal year.

Trisura Group (TSE:TSU - Get Free Report) was downgraded by stock analysts at TD Securities from a "strong-buy" rating to a "hold" rating in a research report issued on Monday, Zacks reports.

Other research analysts also recently issued reports about the company. ATB Cormark Capital Markets lowered their target price on Trisura Group from C$55.00 to C$51.00 and set an "outperform" rating for the company in a research report on Tuesday, July 28th. Desjardins decreased their price target on shares of Trisura Group from C$60.00 to C$56.00 and set a "buy" rating on the stock in a research note on Thursday, October 29th. 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. Royal Bank Of Canada dropped their price objective on shares of Trisura Group from C$54.00 to C$42.00 and set an "outperform" rating for the company in a research note on Monday. Finally, National Bank Financial cut shares of Trisura Group from an "outperform" rating to a "sector perform" rating and dropped their price objective for the stock from C$60.00 to C$35.00 in a research note on Monday. Six investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Trisura Group has an average rating of "Moderate Buy" and a consensus price target of C$50.94.

Trisura Group Stock Performance

TSU stock opened at C$29.46 on Monday. Trisura Group has a one year low of C$28.85 and a one year high of C$51.00. The company's fifty day moving average price is C$41.02 and its 200-day moving average price is C$42.84. The company has a market capitalization of C$1.39 billion, a PE ratio of 9.12 and a beta of 0.52.

Trisura Group (TSE:TSU - Get Free Report) last released its quarterly earnings results on Thursday, November 5th. The company reported C$0.73 earnings per share 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$832.50 million during the quarter. On average, research analysts predict that Trisura Group will post 3.13 EPS for the current fiscal year.

Insider Activity

In related news, Director Eileen Marie Sweeney sold 2,500 shares of the stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of C$42.03, for a total value of C$105,075.00. Following the transaction, the director owned 139,710 shares of the company's stock, valued at C$5,872,011.30. This represents a 1.76% decrease in their ownership of the stock. Insiders sold a total of 34,800 shares of company stock valued at $1,457,139 in the last ninety days. 1.09% of the stock is currently owned by 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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