Insider Selling: Trisura Group (TSE:TSU) Director Sells 13,900 Shares

Trisura Group Ltd. (TSE:TSU) Director Eileen Marie Sweeney sold 13,900 shares of Trisura Group stock in a transaction on Friday, August 28th. The shares were sold at an average price of C$42.19, for a total value of C$586,441.00. Following the completion of the transaction, the director owned 139,710 shares of the company’s stock, valued at approximately C$5,894,364.90. This trade represents a 9.05% decrease in their ownership of the stock.

Eileen Marie Sweeney also recently made the following trade(s):

• On Monday, August 31st, Eileen Marie Sweeney sold 10,500 shares of Trisura Group stock. The shares were sold at an average price of C$41.64, for a total value of C$437,220.00.
• On Tuesday, September 1st, Eileen Marie Sweeney sold 7,900 shares of Trisura Group stock. The stock was sold at an average price of C$41.57, for a total value of C$328,403.00.

Trisura Group Stock Performance

TSE TSU traded up C$0.12 during trading hours on Wednesday, hitting C$41.73. The company had a trading volume of 33,178 shares, compared to its average volume of 101,426. The firm has a 50 day simple moving average of C$42.91 and a 200 day simple moving average of C$43.48. Trisura Group Ltd. has a 52 week low of C$36.02 and a 52 week high of C$51.00. The firm has a market capitalization of C$1.97 billion, a price-to-earnings ratio of 12.92 and a beta of 0.58.

Trisura Group (TSE:TSU) last issued its quarterly earnings data on Thursday, August 6th. The company reported C$0.76 EPS for the quarter. The company had revenue of C$198.42 million during the quarter. Trisura Group had a return on equity of 16.54% and a net margin of 4.80%. On average, research analysts forecast that Trisura Group Ltd. will post 3.1349036 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Raymond James Financial boosted their price target on shares of Trisura Group from C$57.00 to C$57.25 and gave the stock an “outperform” rating in a research note on Friday, May 8th. National Bank Financial raised their price objective on shares of Trisura Group from C$59.00 to C$60.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. Finally, ATB Cormark Capital Markets dropped their price objective on shares of Trisura Group from C$55.00 to C$51.00 and set an “outperform” rating for the company in a report on Tuesday, July 28th. Five research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of C$56.61.

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.