Trisura Group (TSE:TSU) Director Eileen Marie Sweeney Sells 10,500 Shares

Key Points

• Director Eileen Marie Sweeney sold 10,500 Trisura Group shares at an average C$41.64, generating C$437,220 and reducing her direct ownership by 6.99% to 139,710 shares. She also sold 13,900 shares on August 28 and 7,900 shares on September 1.
• Trisura shares rose 0.3% to C$41.73 during mid-day trading, below the consensus analyst target of C$56.61. Analysts maintain a “Moderate Buy” consensus, with five Buy ratings and one Hold rating.
• The company reported quarterly earnings of C$0.76 per share on revenue of C$198.42 million, alongside a 16.54% return on equity and a 4.80% net margin.

Trisura Group Ltd. (TSE:TSU - Get Free Report) Director Eileen Marie Sweeney sold 10,500 shares of the company's stock in a transaction on Monday, August 31st. The shares were sold at an average price of C$41.64, for a total transaction of C$437,220.00. Following the completion of the sale, the director directly owned 139,710 shares in the company, valued at approximately C$5,817,524.40. The trade was a 6.99% 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 value of C$586,441.00.
• On Tuesday, September 1st, Eileen Marie Sweeney sold 7,900 shares of Trisura Group stock. The shares were sold at an average price of C$41.57, for a total value of C$328,403.00.

Trisura Group Stock Up 0.3%

Shares of TSU traded up C$0.12 during mid-day 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. Trisura Group Ltd. has a 52-week low of C$36.02 and a 52-week high of C$51.00. The stock has a market capitalization of C$1.97 billion, a P/E ratio of 12.92 and a beta of 0.58. The stock has a 50 day moving average of C$42.91 and a two-hundred day moving average of C$43.48.

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 for the quarter. The company 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%. On average, sell-side analysts expect that Trisura Group Ltd. will post 3.1349036 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on TSU shares. 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 for the company in a report on Tuesday, July 28th. Raymond James Financial increased their price target on shares of Trisura Group from C$57.00 to C$57.25 and gave the stock an "outperform" rating in a report on Friday, May 8th. Finally, National Bank Financial raised their price target on shares of Trisura Group from C$59.00 to C$60.00 and gave the company an "outperform" rating in a research report on Monday, July 27th. Five investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus 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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