Trisura Group (TSE:TSU) Releases Quarterly Earnings Results

Trisura Group (TSE:TSU) announced its quarterly earnings data on Thursday. The company reported C$0.73 earnings per share (EPS) for the quarter, FiscalAI reports. Trisura Group had a return on equity of 16.54% and a net margin of 4.80%. The firm had revenue of C$832.50 million during the quarter.

Trisura Group Stock Down 29.9%

Shares of TSU traded down C$12.63 during mid-day trading on Friday, reaching C$29.58. The company had a trading volume of 1,400,076 shares, compared to its average volume of 103,251. Trisura Group has a 52-week low of C$29.00 and a 52-week high of C$51.00. The stock has a market capitalization of C$1.40 billion, a P/E ratio of 9.16 and a beta of 0.52. The stock has a 50 day moving average of C$41.27 and a two-hundred day moving average of C$42.91.

Analyst Ratings Changes

TSU has been the topic of several research reports. ATB Cormark Capital Markets cut their price target on shares of Trisura Group from C$55.00 to C$51.00 and set an “outperform” rating on the stock in a report on Tuesday, July 28th. Raymond James Financial decreased their price objective on shares of Trisura Group from C$58.50 to C$57.50 and set an “outperform” rating for the company in a research note on Friday, October 16th. RBC Dominion Securities decreased their price objective on shares of Trisura Group from C$60.00 to C$54.00 and set an “outperform” rating for the company in a research note on Thursday, October 15th. Scotia dropped their price objective on shares of 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. Finally, Desjardins cut their price objective on shares of Trisura Group from C$60.00 to C$56.00 and set a “buy” rating on the stock in a research note on Thursday, October 29th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, Trisura Group currently has a consensus rating of “Moderate Buy” and a consensus price target of C$55.39.

Insider Buying and Selling

In related news, Director Eileen Marie Sweeney sold 2,500 shares of Trisura Group stock in a transaction that occurred on Wednesday, September 2nd. The stock was sold at an average price of C$42.03, for a total transaction of C$105,075.00. Following the completion of the transaction, the director directly owned 139,710 shares in the company, valued at approximately C$5,872,011.30. This trade represents a 1.76% decrease in their ownership of the stock. Insiders sold 34,800 shares of company stock worth $1,457,139 over the last quarter. 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.