Trisura Group (TSE:TSU) Hits New 52-Week Low - Here's Why

Key Points

• Trisura Group shares hit a new 52-week low, trading as low as C$31.36 and last at C$32.13, down sharply from the prior close of C$42.21.
• Analysts lowered several price targets, but coverage remains positive overall: MarketBeat reports a “Moderate Buy” consensus and an average target of C$55.39.
• For its latest reported quarter, Trisura posted earnings of C$0.73 per share and revenue of C$832.5 million; insiders sold 34,800 shares worth about C$1.46 million over the past 90 days.

Trisura Group Ltd. (TSE:TSU - Get Free Report)'s stock price hit a new 52-week low during trading on Friday. The company traded as low as C$31.36 and last traded at C$32.13, with a volume of 218,614 shares traded. The stock had previously closed at C$42.21.

Analysts Set New Price Targets

Several analysts have recently weighed in on TSU shares. Raymond James Financial decreased their price target on shares of Trisura Group from C$58.50 to C$57.50 and set an "outperform" rating for the company in a research note on Friday, October 16th. Scotia dropped their price objective on Trisura Group from C$53.00 to C$52.00 and set a "sector perform" rating on the stock in a research note on Monday, October 19th. ATB Cormark Capital Markets dropped their price objective 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. RBC Dominion Securities reduced their price objective on Trisura Group from C$60.00 to C$54.00 and set an "outperform" rating on the stock in a report on Thursday, October 15th. Finally, Desjardins decreased their target price on Trisura Group from C$60.00 to C$56.00 and set a "buy" rating for the company in a research report on Thursday, October 29th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of C$55.39.

Trisura Group Stock Performance

The firm's fifty day moving average price is C$41.50 and its 200 day moving average price is C$42.99. The firm has a market cap of C$1.43 billion, a P/E ratio of 9.41 and a beta of 0.52.

Trisura Group (TSE:TSU - Get Free Report) last released its quarterly earnings data on Thursday, November 5th. The company reported C$0.73 earnings per share (EPS) for the quarter. The firm had revenue of C$832.50 million for the quarter. Trisura Group had a net margin of 4.80% and a return on equity of 16.54%. As a group, analysts expect that Trisura Group Ltd. will post 3.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

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