Trisura Group Ltd. (TSE:TSU) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Trisura Group holds a “Moderate Buy” consensus rating from six analysts, with five buys and one hold. The average 12-month price target is C$56.61, well above the reported C$40.47 share price.
• Analyst views were mixed: Raymond James and National Bank raised their targets, while Scotiabank downgraded the stock to “sector perform” and ATB Cormark lowered its target to C$51.00.
• Director Eileen Marie Sweeney sold 34,800 shares for approximately C$1.42 million, reducing her stake by 19.94%. Trisura reported quarterly EPS of C$0.76 on revenue of C$198.42 million.

Trisura Group Ltd. (TSE:TSU - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the six analysts that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$56.61.

A number of research analysts have recently weighed in on the stock. Raymond James Financial raised their price objective on shares of Trisura Group from C$57.00 to C$57.25 and gave the stock an "outperform" rating in a research note on Friday, May 8th. National Bank Financial upped their target price on Trisura Group from C$59.00 to C$60.00 and gave the company an "outperform" rating in a research note on Monday, July 27th. Scotiabank cut Trisura Group from a "sector outperform" rating to a "sector perform" rating and set a C$52.00 target price on the stock. in a report on Tuesday, April 28th. Desjardins set a C$60.00 price target on Trisura Group and gave the stock a "buy" rating in a research report on Monday, April 27th. Finally, ATB Cormark Capital Markets cut their price target on 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.

Insider Activity at Trisura Group

In related news, Director Eileen Marie Sweeney sold 34,800 shares of Trisura Group stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of C$40.84, for a total transaction of C$1,421,232.00. Following the completion of the sale, the director owned 139,710 shares in the company, valued at approximately C$5,705,756.40. This trade represents a 19.94% decrease in their position. 1.09% of the stock is currently owned by insiders.

Trisura Group Stock Down 0.4%

Trisura Group stock opened at C$40.47 on Friday. The firm has a market capitalization of C$1.91 billion, a PE ratio of 12.53 and a beta of 0.58. Trisura Group has a 52 week low of C$36.02 and a 52 week high of C$51.00. The firm's 50-day simple moving average is C$43.06 and its 200 day simple moving average is C$43.60.

Trisura Group (TSE:TSU - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported C$0.76 earnings per share for the quarter. Trisura Group had a net margin of 4.80% and a return on equity of 16.54%. The firm had revenue of C$198.42 million during the quarter. On average, research analysts expect that Trisura Group will post 3.1349036 EPS for the current fiscal year.

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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