Trisura Group Ltd. (TSE:TSU) Stock Has Average Price Target of C$56.61 According to Brokerages

Key Points

• Analyst sentiment is moderately bullish: Five of six analysts rate Trisura Group a “buy,” while one recommends holding. The average 12-month price target is C$56.61.
• Recent target-price changes were mixed: ATB Cormark lowered its target to C$51.00, while National Bank Financial raised its target to C$60.00; both maintained “outperform” ratings.
• Trisura reported quarterly earnings of C$0.76 per share on C$198.42 million in revenue. Its shares opened at C$40.76, while insiders have sold 34,800 shares worth approximately C$1.46 million over the past 90 days.

Shares of Trisura Group Ltd. (TSE:TSU - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the six analysts that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is C$56.61.

A number of brokerages have recently commented on TSU. ATB Cormark Capital Markets cut their target price 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. National Bank Financial increased their price objective on Trisura Group from C$59.00 to C$60.00 and gave the stock an "outperform" rating in a research report on Monday, July 27th.

Trisura Group Stock Performance

Shares of TSU stock opened at C$40.76 on Friday. The stock's 50-day moving average is C$41.65 and its two-hundred day moving average is C$42.73. The firm has a market cap of C$1.92 billion, a price-to-earnings ratio of 12.62 and a beta of 0.49. Trisura Group has a 1 year low of C$36.02 and a 1 year high of C$51.00.

Trisura Group (TSE:TSU - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported C$0.76 earnings per share for the quarter. The business had revenue of C$198.42 million during the quarter. Trisura Group had a return on equity of 16.54% and a net margin of 4.80%. As a group, research analysts predict that Trisura Group will post 3.13 EPS for the current year.

Insiders Place Their Bets

In other news, Director Eileen Marie Sweeney sold 13,900 shares of Trisura Group stock in a transaction dated Friday, August 28th. The shares were sold at an average price of C$42.19, for a total value of C$586,441.00. Following the sale, the director owned 139,710 shares of the company's stock, valued at C$5,894,364.90. The trade was a 9.05% decrease in their ownership of the stock. In the last 90 days, insiders have sold 34,800 shares of company stock valued at $1,457,139. Company insiders own 1.09% of the company's stock.

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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