Trisura Group (TSE:TSU) Stock Price Down 2% – Here’s Why

Trisura Group Ltd. (TSE:TSU)’s share price dropped 2% on Thursday . The stock traded as low as C$41.59 and last traded at C$42.14. 75,086 shares changed hands during trading, a decline of 27% from the average daily volume of 102,580 shares. The stock had previously closed at C$42.99.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on TSU. Desjardins set a C$60.00 price target on Trisura Group and gave the stock a “buy” rating in a report on Monday, April 27th. Raymond James Financial increased 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, Scotiabank cut Trisura Group from a “sector outperform” rating to a “sector perform” rating and set a C$52.00 price objective for the company. in a research report on Tuesday, April 28th. Six equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Trisura Group presently has a consensus rating of “Moderate Buy” and an average price target of C$56.66.

Trisura Group Stock Up 1.6%

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 cap of C$2.02 billion, a PE ratio of 13.81 and a beta of 0.55. The firm’s 50 day moving average is C$42.81 and its 200-day moving average is C$43.89.

Trisura Group (TSE:TSU) last announced its earnings results on Thursday, May 7th. The company reported C$0.78 earnings per share (EPS) for the quarter. The firm had revenue of C$804.85 million for the quarter. Trisura Group had a net margin of 4.72% and a return on equity of 16.65%. As a group, equities research analysts expect that Trisura Group Ltd. will post 3.1349036 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Eileen Marie Sweeney sold 34,800 shares of the firm’s stock in a transaction on 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 sale, the director owned 139,710 shares in the company, valued at C$5,705,756.40. This trade represents a 19.94% decrease in their ownership of the stock. 1.09% of the stock is owned by company 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.