Trisura Group (TSE:TSU) Cut to “Hold” at Desjardins

Desjardins downgraded shares of Trisura Group (TSE:TSU) from a buy rating to a hold rating in a report issued on Tuesday,BayStreet reports. Desjardins currently has C$36.00 price target on the stock, down from their prior price target of C$56.00.

Other research analysts also recently issued research reports about the company. RBC Dominion Securities cut their target price on 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 decreased their price target on Trisura Group from C$53.00 to C$52.00 and set a “sector perform” rating on the stock in a research report on Monday, October 19th. TD Securities cut Trisura Group from a “strong-buy” rating to a “hold” rating in a research report on Monday. Royal Bank Of Canada lowered their price target on shares of Trisura Group from C$54.00 to C$42.00 and set an “outperform” rating on the stock in a report on Monday. Finally, ATB Cormark Capital Markets decreased their target price on Trisura Group from C$55.00 to C$51.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 28th. Five equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of C$48.72.

Trisura Group Stock Performance

TSE TSU opened at C$31.86 on Tuesday. Trisura Group has a 52-week low of C$28.85 and a 52-week high of C$51.00. The company has a 50-day simple moving average of C$40.40 and a 200 day simple moving average of C$42.66. The company has a debt-to-equity ratio of 23.44, a quick ratio of 0.22 and a current ratio of 30.56. The company has a market capitalization of C$1.50 billion, a PE ratio of 10.69 and a beta of 0.52.

Trisura Group (TSE:TSU) last announced its quarterly earnings data on Thursday, November 5th. The company reported C$0.73 earnings per share for the quarter. The company had revenue of C$832.50 million during the quarter. Trisura Group had a return on equity of 14.89% and a net margin of 4.44%. On average, research analysts predict that Trisura Group will post 3.13 EPS for the current year.

Insiders Place Their Bets

In other Trisura Group news, Director Eileen Marie Sweeney sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were 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 owned 139,710 shares of the company’s stock, valued at approximately C$5,872,011.30. This trade represents a 1.76% decrease in their ownership of the stock. Insiders have sold a total of 34,800 shares of company stock valued at $1,457,139 in the last 90 days. 1.09% of the stock is currently owned by corporate 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.