Trisura Group (TSE:TSU) Insider Buys C$2,444,366.00 in Stock

Trisura Group Ltd. (TSE:TSU) insider Cibc Asset Management Inc. acquired 64,700 shares of the stock in a transaction that occurred on Tuesday, October 21st. The shares were bought at an average price of C$37.78 per share, with a total value of C$2,444,366.00. Following the completion of the purchase, the insider owned 5,479,427 shares in the company, valued at C$207,012,752.06. The trade was a 1.19% increase in their ownership of the stock.

Trisura Group Stock Performance

TSU stock opened at C$40.32 on Tuesday. Trisura Group Ltd. has a 1 year low of C$30.77 and a 1 year high of C$44.99. The stock has a market capitalization of C$1.92 billion, a price-to-earnings ratio of 15.75 and a beta of 0.14. The stock’s fifty day moving average is C$38.68 and its two-hundred day moving average is C$40.32.

Trisura Group (TSE:TSU) last released its quarterly earnings data on Thursday, November 6th. The company reported C$0.79 earnings per share for the quarter. The business had revenue of C$799.34 million for the quarter. Trisura Group had a net margin of 3.76% and a return on equity of 16.30%. As a group, analysts predict that Trisura Group Ltd. will post 3.1349036 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

TSU has been the topic of a number of recent analyst reports. Desjardins set a C$54.00 price target on Trisura Group and gave the company a “buy” rating in a report on Friday, October 24th. Royal Bank Of Canada lifted their target price on Trisura Group from C$55.00 to C$57.00 in a research note on Monday, November 10th. Cormark boosted their price target on Trisura Group from C$54.00 to C$57.00 in a research report on Monday, August 11th. Finally, Scotiabank increased their price target on Trisura Group from C$50.00 to C$51.00 in a research note on Wednesday, July 23rd. Four research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, Trisura Group presently has a consensus rating of “Buy” and a consensus price target of C$53.71.

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.