Trisura Group (TSE:TSU) Given Buy Rating at Desjardins

Desjardins restated their buy rating on shares of Trisura Group (TSE:TSU - Free Report) in a research report report published on Monday, Zacks.com reports. Desjardins also issued estimates for Trisura Group's Q1 2024 earnings at $0.63 EPS, Q2 2024 earnings at $0.69 EPS, Q3 2024 earnings at $0.72 EPS, Q4 2024 earnings at $0.64 EPS, FY2024 earnings at $2.68 EPS and FY2025 earnings at $3.12 EPS.

A number of other equities research analysts also recently commented on TSU. BMO Capital Markets increased their price objective on shares of Trisura Group from C$49.00 to C$52.00 and gave the company an outperform rating in a research report on Monday, February 12th. CIBC increased their target price on shares of Trisura Group from C$50.00 to C$55.00 and gave the company an outperform rating in a research report on Monday, February 12th. Scotiabank increased their target price on shares of Trisura Group from C$54.00 to C$56.00 and gave the company an outperform rating in a research report on Friday, February 9th. Cormark increased their target price on shares of Trisura Group from C$51.00 to C$52.00 and gave the company a buy rating in a research report on Monday, February 12th. Finally, Raymond James increased their target price on shares of Trisura Group from C$54.00 to C$64.00 and gave the company an outperform rating in a research report on Monday, February 12th. Nine analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has an average rating of Buy and an average target price of C$55.63.

Trisura Group Stock Up 1.1 %

TSU traded up C$0.46 during trading hours on Monday, hitting C$43.50. 36,897 shares of the company's stock were exchanged, compared to its average volume of 88,096. Trisura Group has a 12-month low of C$29.05 and a 12-month high of C$44.83. The firm has a 50 day moving average of C$42.38 and a 200 day moving average of C$36.72. The firm has a market cap of C$2.06 billion, a P/E ratio of 286.60 and a beta of 0.82. The company has a current ratio of 2.46, a quick ratio of 0.22 and a debt-to-equity ratio of 13.67.

Trisura Group (TSE:TSU - Get Free Report) last announced its earnings results on Thursday, February 8th. The company reported C$0.54 earnings per share for the quarter, topping the consensus estimate of C$0.49 by C$0.05. Trisura Group had a net margin of 2.36% and a return on equity of 12.03%. The firm had revenue of C$754.95 million for the quarter. Analysts predict that Trisura Group will post 2.7177792 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Chris Yoshio Sekine sold 55,518 shares of the stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of C$43.23, for a total transaction of C$2,399,837.72. In related news, Director Michael Beasley sold 38,822 shares of the firm's stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of C$43.28, for a total value of C$1,680,022.05. Also, Director Chris Yoshio Sekine sold 55,518 shares of the firm's stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of C$43.23, for a total transaction of C$2,399,837.72. Insiders sold a total of 94,825 shares of company stock worth $4,100,283 in the last 90 days. Company insiders own 1.62% of the company's stock.

Trisura Group Company Profile

Trisura Group Ltd., a specialty insurance company, operates in the surety, risk solutions, corporate insurance, and reinsurance businesses in Canada, the United States, and internationally. The company operates through Trisura Canada and Trisura the United States segments. It also offers risk solutions, fronting, and insurance products, as well as provides business underwriting services.