Trisura Group (TSE:TSU) Stock Crosses Above Fifty Day Moving Average - Should You Sell?

Key Points

• Trisura shares moved above their 50-day moving average, trading as high as C$41.83 and last at C$41.50. The 50-day average is C$41.48, while the 200-day average is C$43.02.
• Analysts maintain a “Moderate Buy” consensus—six Buy ratings and two Holds—with an average target of C$55.39. Several firms cut their price targets, though most retained Outperform ratings.
• Trisura reported quarterly EPS of C$0.76 on C$198.42 million in revenue. Insiders sold 34,800 shares over the past 90 days, and company insiders own 1.09% of its stock.

Trisura Group Ltd. (TSE:TSU - Get Free Report)'s stock price passed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of C$41.48 and traded as high as C$41.83. Trisura Group shares last traded at C$41.50, with a volume of 76,727 shares trading hands.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. ATB Cormark Capital Markets dropped their price target on shares of 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 shares of Trisura Group from C$60.00 to C$54.00 and set an "outperform" rating for the company in a research report on Thursday, October 15th. Scotia reduced their price objective on shares of Trisura Group from C$53.00 to C$52.00 and set a "sector perform" rating for the company in a research report on Monday, October 19th. Raymond James Financial lowered their price objective on Trisura Group from C$58.50 to C$57.50 and set an "outperform" rating on the stock in a report on Friday, October 16th. Finally, National Bank Financial boosted their target price 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. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Trisura Group currently has an average rating of "Moderate Buy" and an average target price of C$55.39.

Trisura Group Price Performance

The company has a 50-day simple moving average of C$41.48 and a 200-day simple moving average of C$43.02. The stock has a market cap of C$1.96 billion, a PE ratio of 12.85 and a beta of 0.49.

Trisura Group (TSE:TSU - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported C$0.76 EPS 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, equities analysts expect that Trisura Group Ltd. will post 3.13 EPS for the current fiscal year.

Insider Activity

In related news, 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 value of C$586,441.00. Following the completion of the sale, the director owned 139,710 shares in the company, valued at C$5,894,364.90. This trade represents a 9.05% decrease in their ownership of the stock. In the last ninety 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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