Trisura Group (TSE:TSU) Stock Rating Cut to “Hold” at Desjardins

Trisura Group (TSE:TSU) was downgraded by analysts at Desjardins from a “buy” rating to a “hold” rating in a report released on Tuesday, BayStreet reports. They presently have a C$36.00 price target on the stock, down from their previous price target of C$56.00. Desjardins‘s price objective points to a potential upside of 16.81% from the stock’s current price.

Several other research analysts have also recently weighed in on the company. Raymond James Financial cut 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 report on Friday, October 16th. ATB Cormark Capital Markets decreased their target price on Trisura Group from C$55.00 to C$51.00 and set an “outperform” rating for the company in a research report on Tuesday, July 28th. Scotia lowered their target price on Trisura Group from C$53.00 to C$52.00 and set a “sector perform” rating on the stock in a research note on Monday, October 19th. Royal Bank Of Canada cut their price target on shares of Trisura Group from C$54.00 to C$42.00 and set an “outperform” rating on the stock in a report on Monday. Finally, RBC Dominion Securities cut their price target on shares of Trisura Group from C$60.00 to C$54.00 and set an “outperform” rating on the stock in a report on Thursday, October 15th. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of C$48.72.

Trisura Group Stock Performance

Shares of Trisura Group stock traded up C$1.36 during mid-day trading on Tuesday, hitting C$30.82. 203,239 shares of the stock were exchanged, compared to its average volume of 106,925. Trisura Group has a 12 month low of C$28.85 and a 12 month high of C$51.00. The company has a 50-day simple moving average of C$41.02 and a 200 day simple moving average of C$42.84. The company has a market capitalization of C$1.46 billion, a P/E ratio of 9.54 and a beta of 0.52.

Trisura Group (TSE:TSU) last released its earnings results on Thursday, November 5th. The company reported C$0.73 earnings per share (EPS) for the quarter. The company had revenue of C$832.50 million during the quarter. Trisura Group had a return on equity of 16.54% and a net margin of 4.80%. Analysts predict that Trisura Group will post 3.13 EPS for the current year.

Insider Activity

In other news, Director Eileen Marie Sweeney sold 2,500 shares of the company’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of C$42.03, for a total transaction of C$105,075.00. Following the transaction, the director owned 139,710 shares of the company’s stock, valued at C$5,872,011.30. This represents a 1.76% decrease in their position. Insiders sold 34,800 shares of company stock valued at $1,457,139 in the last 90 days. 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.