Trisura Group (TSE:TSU) Stock Jumps 0.4% - Should You Buy?

Key Points

• Trisura Group shares rose 0.4% to C$40.94 in mid-day trading, with volume below its average. The company has a market capitalization of approximately C$1.93 billion and a P/E ratio of 12.67.
• Analyst sentiment remains positive, with five Buy ratings and one Hold rating contributing to a “Moderate Buy” consensus and an average price target of C$56.61. Recent target changes ranged from C$51.00 to C$60.00.
• Trisura reported quarterly EPS of C$0.76 on revenue of C$198.42 million, while insiders sold 34,800 shares worth about C$1.46 million during the last quarter.

Trisura Group Ltd. (TSE:TSU - Get Free Report)'s share price shot up 0.4% during mid-day trading on Tuesday. The company traded as high as C$41.05 and last traded at C$40.94. Approximately 71,443 shares traded hands during mid-day trading, a decline of 27% from the average daily volume of 98,505 shares. The stock had previously closed at C$40.79.

Analyst Ratings Changes

TSU has been the topic of several recent analyst reports. ATB Cormark Capital Markets cut their price objective on shares of 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. National Bank Financial upped 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 note on Monday, July 27th. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of C$56.61.

Trisura Group Trading Up 0.4%

The firm has a market capitalization of C$1.93 billion, a PE ratio of 12.67 and a beta of 0.49. The firm has a 50 day simple moving average of C$41.75 and a 200 day simple moving average of C$42.78.

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 firm had revenue of C$198.42 million for the quarter. Research analysts forecast that Trisura Group Ltd. will post 3.1349036 earnings per share for the current year.

Insider Transactions at Trisura Group

In other Trisura Group news, Director Eileen Marie Sweeney sold 13,900 shares of the company'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 transaction, the director owned 139,710 shares in the company, valued at approximately C$5,894,364.90. This represents a 9.05% decrease in their position. In the last quarter, insiders have sold 34,800 shares of company stock worth $1,457,139. 1.09% of the stock is currently owned by corporate insiders.

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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