Trisura Group - TSU Stock Forecast, Price & News

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 offers contract surety bonds, such as performance, and labor and material payment bonds primarily for the construction industry; commercial surety bonds, including license and permit, tax and excise, and fiduciary bonds to governments, regulatory bodies, or courts to guarantee compliance with legal or fiduciary obligations; and developer surety bonds comprising bonds to secure real estate developers' legislated deposit and warranty obligations on residential projects. It provides risk solutions, including warranty programs to program administrators, managing general agents, captive insurance companies, affinity groups, and reinsurers. The company also offers corporate insurance products that comprise directors' and officers' insurance for public, private, and non-profit enterprises; errors and omissions liability insurance for enterprises and professionals; business office package insurance for enterprises and professionals; and fidelity insurance for commercial and financial institutions. Trisura Group Ltd. was incorporated in 2017 and is headquartered in Toronto, Canada.

Trisura Group Stock Performance

TSE:TSU traded down C$0.24 during trading hours on Wednesday, reaching C$41.36. The company's stock had a trading volume of 90,275 shares, compared to its average volume of 142,321. The business has a 50-day simple moving average of C$34.69 and a 200 day simple moving average of C$34.87. The stock has a market cap of C$1.89 billion and a PE ratio of 24.77. The company has a current ratio of 0.83, a quick ratio of 0.25 and a debt-to-equity ratio of 32.90. Trisura Group has a 52 week low of C$29.12 and a 52 week high of C$49.25.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TSU. Cormark lifted their price target on Trisura Group from C$50.00 to C$58.00 and gave the stock a "market perform" rating in a research note on Monday, July 18th. CIBC lifted their price target on Trisura Group from C$50.00 to C$55.00 and gave the stock an "outperform" rating in a research note on Friday, August 5th. BMO Capital Markets reiterated a "buy" rating and issued a C$54.00 price target (up from C$50.00) on shares of Trisura Group in a research note on Friday, July 15th. TD Securities set a C$55.00 price target on Trisura Group and gave the stock a "buy" rating in a research note on Thursday, July 14th. Finally, National Bankshares raised their target price on shares of Trisura Group from C$60.00 to C$62.00 and gave the stock an "outperform" rating in a report on Friday, August 5th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of C$56.00.

Insider Activity

In other news, Director David James Clare sold 55,000 shares of Trisura Group stock in a transaction that occurred on Friday, June 24th. The stock was sold at an average price of C$33.41, for a total transaction of C$1,837,786.50. Following the sale, the director now owns 148,876 shares of the company's stock, valued at C$4,974,587.33.