Trisura Group (TSE:TSU) Stock Jumps 0.4% – Time to Buy?

Trisura Group Ltd. (TSE:TSU)’s share price was up 0.4% during mid-day trading on Tuesday. The company traded as high as C$41.05 and last traded at C$40.94. Approximately 71,443 shares traded hands during trading, a decline of 27% from the average session volume of 98,505 shares. The stock had previously closed at C$40.79.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. ATB Cormark Capital Markets reduced their price objective 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. National Bank Financial lifted their price target on shares of Trisura Group from C$59.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Monday, July 27th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Trisura Group has a consensus rating of “Moderate Buy” and an average price target of C$56.61.

Trisura Group Trading Down 0.3%

The firm has a market cap of C$1.91 billion, a PE ratio of 12.52 and a beta of 0.49. The company has a 50 day moving average price of C$41.70 and a 200 day moving average price of C$42.76.

Trisura Group (TSE:TSU) last announced its quarterly earnings results on Thursday, August 6th. The company reported C$0.76 earnings per share for the quarter. The company had revenue of C$198.42 million for the quarter. Trisura Group had a net margin of 4.80% and a return on equity of 16.54%. As a group, equities research analysts anticipate that Trisura Group Ltd. will post 3.1349036 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Eileen Marie Sweeney sold 13,900 shares of the stock in a transaction dated Friday, August 28th. The shares were sold at an average price of C$42.19, for a total transaction of C$586,441.00. Following the sale, the director owned 139,710 shares in the company, valued at C$5,894,364.90. This represents a 9.05% decrease in their ownership of the stock. In the last 90 days, insiders have sold 34,800 shares of company stock valued at $1,457,139. Company insiders own 1.09% of the company’s stock.

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.