Trisura Group (TSE:TSU) Issues Earnings Results

Trisura Group (TSE:TSU) posted its quarterly earnings data on Thursday. The company reported C$0.73 earnings per share (EPS) for the quarter, FiscalAI reports. The business had revenue of C$832.50 million during the quarter. Trisura Group had a net margin of 4.80% and a return on equity of 16.54%.

Trisura Group Price Performance

TSU stock traded down C$0.68 during mid-day trading on Thursday, reaching C$42.21. 121,815 shares of the company traded hands, compared to its average volume of 97,163. The company has a fifty day moving average price of C$41.49 and a 200-day moving average price of C$43.00. Trisura Group has a 52-week low of C$36.61 and a 52-week high of C$51.00. The company has a market capitalization of C$1.99 billion, a P/E ratio of 13.07 and a beta of 0.52.

Analysts Set New Price Targets

TSU has been the topic of a number of research analyst reports. RBC Dominion Securities dropped their target price on shares of Trisura Group from C$60.00 to C$54.00 and set an “outperform” rating on the stock in a research note on Thursday, October 15th. ATB Cormark Capital Markets lowered their price target on shares of Trisura Group from C$55.00 to C$51.00 and set an “outperform” rating on the stock in a report 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 report on Monday, July 27th. Raymond James Financial dropped their price objective on Trisura Group from C$58.50 to C$57.50 and set an “outperform” rating on the stock in a research note on Friday, October 16th. Finally, Desjardins reduced their price objective on Trisura Group from C$60.00 to C$56.00 and set a “buy” rating for the company in a report on Thursday, October 29th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Trisura Group currently has an average rating of “Moderate Buy” and an average target price of C$55.39.

Insider Activity

In other news, Director Eileen Marie Sweeney sold 2,500 shares of the firm’s stock in a transaction that occurred on Wednesday, September 2nd. The shares were sold at an average price of C$42.03, for a total value of C$105,075.00. Following the completion of the transaction, the director directly owned 139,710 shares in the company, valued at approximately C$5,872,011.30. This trade represents a 1.76% decrease in their ownership of the stock. Insiders have sold 34,800 shares of company stock valued at $1,457,139 over the last quarter. Corporate insiders own 1.09% of the company’s stock.

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. 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.