Insider Selling: Trisura Group (TSE:TSU) Director Sells C$328,403.00 in Stock

Key Points

• Director Eileen Marie Sweeney sold 7,900 Trisura Group shares at an average price of C$41.57, generating C$328,403 and reducing her holdings by 5.35% to 139,710 shares. She also sold 24,400 shares in two transactions during the preceding days.
• Trisura shares rose 0.3% to C$41.73, below their 50-day and 200-day moving averages, with a market capitalization of approximately C$1.97 billion.
• Analysts maintain a generally positive outlook, with five Buy ratings and one Hold rating. The consensus price target is C$56.61, while the company most recently reported quarterly EPS of C$0.76 on revenue of C$198.42 million.

Trisura Group Ltd. (TSE:TSU - Get Free Report) Director Eileen Marie Sweeney sold 7,900 shares of the firm's stock in a transaction that occurred on Tuesday, September 1st. The stock was sold at an average price of C$41.57, for a total transaction of C$328,403.00. Following the sale, the director owned 139,710 shares of the company's stock, valued at approximately C$5,807,744.70. This represents a 5.35% decrease in their ownership of the stock.

Eileen Marie Sweeney also recently made the following trade(s):

• On Friday, August 28th, Eileen Marie Sweeney sold 13,900 shares of Trisura Group stock. The shares were sold at an average price of C$42.19, for a total transaction of C$586,441.00.
• On Monday, August 31st, Eileen Marie Sweeney sold 10,500 shares of Trisura Group stock. The stock was sold at an average price of C$41.64, for a total transaction of C$437,220.00.

Trisura Group Trading Up 0.3%

TSU stock traded up C$0.12 during midday trading on Wednesday, reaching C$41.73. The company had a trading volume of 33,178 shares, compared to its average volume of 101,426. The company has a 50 day moving average of C$42.91 and a two-hundred day moving average of C$43.48. The company has a market capitalization of C$1.97 billion, a P/E ratio of 12.92 and a beta of 0.58. Trisura Group Ltd. 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 quarterly earnings results on Thursday, August 6th. The company reported C$0.76 earnings per share for the quarter. Trisura Group had a net margin of 4.80% and a return on equity of 16.54%. The business had revenue of C$198.42 million for the quarter. On average, sell-side analysts anticipate that Trisura Group Ltd. will post 3.1349036 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have weighed in on TSU shares. ATB Cormark Capital Markets dropped 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 report on Tuesday, July 28th. Raymond James Financial boosted their price target on Trisura Group from C$57.00 to C$57.25 and gave the company an "outperform" rating in a research note on Friday, May 8th. Finally, 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 report on Monday, July 27th. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of C$56.61.

Trisura Group Company Profile

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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