Trisura Group (TSE:TSU) Shares Pass Below 50 Day Moving Average - Time to Sell?

Key Points

• Trisura Group shares fell below their 50-day moving average, trading as low as C$41.77 before closing at C$42.06. The stock’s 50-day and 200-day moving averages were C$43.10 and C$43.72, respectively.
• Analysts remain broadly positive, with six Buy ratings and one Hold rating producing a “Moderate Buy” consensus and an average price target of C$56.66.
• The company reported quarterly EPS of C$0.76 on revenue of C$198.42 million, while director Eileen Marie Sweeney sold 34,800 shares worth approximately C$1.42 million.

Trisura Group Ltd. (TSE:TSU - Get Free Report) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$43.10 and traded as low as C$41.77. Trisura Group shares last traded at C$42.06, with a volume of 58,016 shares.

Wall Street Analyst Weigh In

Several brokerages have commented on TSU. Desjardins set a C$60.00 price target on shares of Trisura Group and gave the company a "buy" rating in a report on Monday, April 27th. National Bank Financial upped their price target on shares of Trisura Group from C$59.00 to C$60.00 and gave the stock an "outperform" rating in a report on Monday, July 27th. Scotiabank downgraded Trisura Group from a "sector outperform" rating to a "sector perform" rating and set a C$52.00 price objective on the stock. in a research report on Tuesday, April 28th. Raymond James Financial lifted their price objective on Trisura Group from C$57.00 to C$57.25 and gave the company an "outperform" rating in a research note on Friday, May 8th. Finally, ATB Cormark Capital Markets reduced their target price on Trisura Group from C$55.00 to C$51.00 and set an "outperform" rating for the company in a research report on Tuesday, July 28th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, Trisura Group currently has an average rating of "Moderate Buy" and a consensus price target of C$56.66.

Trisura Group Trading Down 0.7%

The firm's 50-day simple moving average is C$43.10 and its 200-day simple moving average is C$43.72. The company has a quick ratio of 0.22, a current ratio of 23.58 and a debt-to-equity ratio of 23.38. The firm has a market capitalization of C$1.99 billion, a PE ratio of 13.57 and a beta of 0.58.

Trisura Group (TSE:TSU - Get Free Report) last released its quarterly earnings data on Thursday, August 6th. The company reported C$0.76 EPS for the quarter. Trisura Group had a return on equity of 16.65% and a net margin of 4.72%.The firm had revenue of C$198.42 million for the quarter. Equities analysts expect that Trisura Group Ltd. will post 3.1349036 earnings per share for the current year.

Insider Buying and Selling at Trisura Group

In other news, Director Eileen Marie Sweeney sold 34,800 shares of the firm's stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of C$40.84, for a total value of C$1,421,232.00. Following the transaction, 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 ownership of the stock. 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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