Trisura Group (TSE:TSU) Stock Gets Price Target Reduction from RBC Dominion Securities

Trisura Group (TSE:TSU) had its target price cut by analysts at RBC Dominion Securities from C$60.00 to C$54.00 in a research note issued on Thursday, BayStreet reports. The brokerage currently has an “outperform” rating on the stock. RBC Dominion Securities’ price target suggests a potential upside of 30.91% from the stock’s current price.

Other research analysts have also issued reports about the company. ATB Cormark Capital Markets reduced their target price on Trisura Group from C$55.00 to C$51.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 28th. National Bank Financial increased their price target on Trisura Group from C$59.00 to C$60.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. Six investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$56.28.

Trisura Group Trading Up 1.6%

Shares of TSU stock traded up C$0.63 during trading hours on Thursday, reaching C$41.25. 98,788 shares of the company’s stock were exchanged, compared to its average volume of 97,575. Trisura Group has a fifty-two week low of C$36.02 and a fifty-two week high of C$51.00. The stock’s 50 day moving average is C$41.57 and its 200-day moving average is C$42.67. The company has a market cap of C$1.95 billion, a price-to-earnings ratio of 12.77 and a beta of 0.49.

Trisura Group (TSE:TSU) last posted its quarterly earnings data on Thursday, August 6th. The company reported C$0.76 earnings per share for the quarter. The firm 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%. Equities analysts anticipate that Trisura Group will post 3.13 EPS for the current year.

Insiders Place Their Bets

In other news, Director Eileen Marie Sweeney sold 2,500 shares of the stock in a transaction dated Wednesday, September 2nd. The stock was sold at an average price of C$42.03, for a total value of C$105,075.00. Following the transaction, the director directly owned 139,710 shares of the company’s stock, valued at approximately C$5,872,011.30. This represents a 1.76% decrease in their ownership of the stock. In the last quarter, insiders sold 34,800 shares of company stock worth $1,457,139. 1.09% of the stock is currently owned by 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.