Insider Buying: Trisura Group Ltd (TSU) Insider Acquires 15,700 Shares of Stock

Trisura Group Ltd (TSE:TSU) insider Partners Value Investments Lp purchased 15,700 shares of Trisura Group stock in a transaction that occurred on Thursday, September 27th. The shares were purchased at an average cost of C$27.20 per share, with a total value of C$427,040.00.

Partners Value Investments Lp also recently made the following trade(s):

  • On Monday, September 17th, Partners Value Investments Lp purchased 25,000 shares of Trisura Group stock. The shares were purchased at an average cost of C$27.20 per share, with a total value of C$680,000.00.
  • On Wednesday, September 12th, Partners Value Investments Lp purchased 25,000 shares of Trisura Group stock. The shares were purchased at an average cost of C$27.69 per share, with a total value of C$692,250.00.

TSU stock traded down C$0.05 on Thursday, hitting C$27.38. The company had a trading volume of 7,266 shares, compared to its average volume of 8,294. Trisura Group Ltd has a 12-month low of C$24.00 and a 12-month high of C$29.49.

Trisura Group (TSE:TSU) last issued its earnings results on Thursday, August 9th. The company reported C$0.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.22 by C($0.08). Trisura Group had a negative return on equity of 0.27% and a negative net margin of 0.39%. The company had revenue of C$21.69 million during the quarter, compared to analysts’ expectations of C$23.20 million.

Several equities research analysts recently weighed in on TSU shares. BMO Capital Markets raised their price target on shares of Trisura Group from C$30.00 to C$31.00 in a research report on Monday, August 13th. Cormark set a C$33.00 price target on shares of Trisura Group in a research report on Friday, August 10th.

Trisura Group Company Profile

Trisura Group Ltd., a specialty insurance provider, operates in the surety, risk solutions, corporate insurance, and reinsurance businesses in Canada and the United States. The company offers contract surety bonds, such as performance, and labor and material payment bonds, primarily for the construction industry; commercial surety bonds, including license and permit, tax and excise, and fiduciary bonds to governments, regulatory bodies, or courts to guarantee compliance with legal or fiduciary obligations; and developer surety bonds comprising bonds to secure real estate developers' legislated deposit and warranty obligations on residential projects.

Read More: What is a Leveraged Buyout (LBO)?

Insider Buying and Selling by Quarter for Trisura Group (TSE:TSU)

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