Trisura Group (TSE:TSU) Stock Crosses Above Fifty Day Moving Average – Should You Sell?

Trisura Group Ltd. (TSE:TSU)’s stock price crossed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of C$41.48 and traded as high as C$41.83. Trisura Group shares last traded at C$41.50, with a volume of 76,727 shares traded.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on TSU shares. RBC Dominion Securities lowered their price target on Trisura Group from C$60.00 to C$54.00 and set an “outperform” rating on the stock in a report on Thursday, October 15th. Desjardins reduced their price objective on Trisura Group from C$60.00 to C$56.00 and set a “buy” rating for the company in a report on Thursday, October 29th. Raymond James Financial reduced their price objective on Trisura Group from C$58.50 to C$57.50 and set an “outperform” rating for the company in a report on Friday, October 16th. National Bank Financial boosted their target price on Trisura Group from C$59.00 to C$60.00 and gave the stock an “outperform” rating in a research report on Monday, July 27th. Finally, Scotia lowered their target price on Trisura Group from C$53.00 to C$52.00 and set a “sector perform” rating on the stock in a report on Monday, October 19th. Six equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat, Trisura Group presently has a consensus rating of “Moderate Buy” and an average price target of C$55.39.

Trisura Group Price Performance

The business’s 50-day simple moving average is C$41.48 and its 200-day simple moving average is C$43.02. The company has a market cap of C$1.96 billion, a price-to-earnings ratio of 12.85 and a beta of 0.49.

Trisura Group (TSE:TSU) last announced its earnings results on Thursday, August 6th. The company reported C$0.76 EPS for the quarter. The firm had revenue of C$198.42 million for the quarter. Trisura Group had a return on equity of 16.54% and a net margin of 4.80%. As a group, sell-side analysts forecast that Trisura Group Ltd. will post 3.13 EPS for the current year.

Insiders Place Their Bets

In other Trisura Group news, Director Eileen Marie Sweeney sold 13,900 shares of the company’s stock in a transaction dated Friday, August 28th. The shares were sold at an average price of C$42.19, for a total value of C$586,441.00. Following the transaction, the director directly owned 139,710 shares in the company, valued at approximately C$5,894,364.90. This represents a 9.05% decrease in their position. Over the last three months, insiders have sold 34,800 shares of company stock valued at $1,457,139. 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.