Insider Selling: Trisura Group (TSE:TSU) Director Sells C$586,441.00 in Stock

Key Points

• Director Eileen Marie Sweeney sold 13,900 Trisura Group shares for C$586,441 at an average price of C$42.19, reducing her direct stake by 9.05% to 139,710 shares. She also sold additional shares in two subsequent transactions totaling C$765,623.
• Trisura shares recently traded at C$41.73, below their 50-day and 200-day moving averages, with a market capitalization of approximately C$1.97 billion.
• Analysts remain broadly positive, with five Buy ratings and one Hold rating, producing a “Moderate Buy” consensus and an average price target of C$56.61.

Trisura Group Ltd. (TSE:TSU - Get Free Report) Director Eileen Marie Sweeney sold 13,900 shares of the firm's stock in a transaction dated Friday, August 28th. The shares were 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 in the company, valued at approximately C$5,894,364.90. The trade was a 9.05% decrease in their position.

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

• 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 value of C$437,220.00.
• On Tuesday, September 1st, Eileen Marie Sweeney sold 7,900 shares of Trisura Group stock. The stock was sold at an average price of C$41.57, for a total value of C$328,403.00.

Trisura Group Price Performance

Shares of TSU stock traded up C$0.12 during trading hours on Wednesday, reaching C$41.73. The company had a trading volume of 33,178 shares, compared to its average volume of 101,426. Trisura Group Ltd. has a 12 month low of C$36.02 and a 12 month high of C$51.00. The business has a fifty day simple moving average of C$42.91 and a 200-day simple moving average of C$43.48. The company has a market cap of C$1.97 billion, a price-to-earnings ratio of 12.92 and a beta of 0.58.

Trisura Group (TSE:TSU - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The company reported C$0.76 earnings per share (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, equities research analysts expect that Trisura Group Ltd. will post 3.1349036 earnings per share for the current year.

Analyst Ratings Changes

TSU has been the topic of a number of recent analyst reports. Raymond James Financial raised their price target on shares of Trisura Group from C$57.00 to C$57.25 and gave the company an "outperform" rating in a research report on Friday, May 8th. National Bank Financial lifted their target price on shares of 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. Finally, ATB Cormark Capital Markets cut 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. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average 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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