Trisura Group (TSE:TSU) Stock Gets Price Target Trim from Desjardins

Trisura Group (TSE:TSU) had its target price trimmed by Desjardins from C$60.00 to C$56.00 in a research report sent to investors on Thursday,BayStreet reports. The firm currently has a buy rating on the stock.

A number of other research firms have also issued reports on TSU. 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. RBC Dominion Securities reduced their price target on shares of Trisura Group from C$60.00 to C$54.00 and set an “outperform” rating for the company in a research report on Thursday, October 15th. Scotia decreased their price objective on shares of Trisura Group from C$53.00 to C$52.00 and set a “sector perform” rating for the company in a research note on Monday, October 19th. 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. Finally, National Bank Financial lifted their price objective on shares of 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. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of C$55.39.

Trisura Group Trading Up 0.2%

Shares of Trisura Group stock opened at C$40.86 on Thursday. Trisura Group has a 52 week low of C$36.61 and a 52 week high of C$51.00. The stock has a market cap of C$1.93 billion, a PE ratio of 12.65 and a beta of 0.49. The company’s 50-day moving average price is C$41.45 and its two-hundred day moving average price is C$43.05.

Trisura Group (TSE:TSU) last released its quarterly earnings data on Thursday, August 6th. The company reported C$0.76 earnings per share for the quarter. Trisura Group had a return on equity of 16.54% and a net margin of 4.80%. The business had revenue of C$198.42 million during the quarter. On average, equities analysts predict that Trisura Group will post 3.13 EPS for the current fiscal year.

Insider Activity

In related news, Director Eileen Marie Sweeney sold 2,500 shares of the stock in a transaction 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 sale, 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 in the last ninety days. 1.09% of the stock is currently 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.