Desjardins Reiterates Buy Rating for Trisura Group (TSE:TSU)

Trisura Group (TSE:TSU)‘s stock had its “buy” rating reiterated by investment analysts at Desjardins in a research report issued on Monday, Zacks.com reports. Desjardins also issued estimates for Trisura Group’s Q1 2024 earnings at $0.63 EPS, Q2 2024 earnings at $0.69 EPS, Q3 2024 earnings at $0.72 EPS, Q4 2024 earnings at $0.64 EPS, FY2024 earnings at $2.68 EPS and FY2025 earnings at $3.12 EPS.

Other equities analysts have also recently issued reports about the company. Cormark lifted their price target on Trisura Group from C$51.00 to C$52.00 and gave the stock a “buy” rating in a research note on Monday, February 12th. BMO Capital Markets boosted their target price on Trisura Group from C$49.00 to C$52.00 and gave the company an “outperform” rating in a research note on Monday, February 12th. CIBC boosted their target price on Trisura Group from C$50.00 to C$55.00 and gave the company an “outperform” rating in a research note on Monday, February 12th. Raymond James boosted their target price on Trisura Group from C$54.00 to C$64.00 and gave the company an “outperform” rating in a research note on Monday, February 12th. Finally, National Bankshares boosted their target price on Trisura Group from C$64.00 to C$65.00 and gave the company an “outperform” rating in a research note on Monday, February 12th. Nine equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of C$55.63.

Trisura Group Stock Performance

Shares of TSU opened at C$43.04 on Monday. The company has a current ratio of 2.46, a quick ratio of 0.22 and a debt-to-equity ratio of 13.67. The stock has a 50-day moving average price of C$42.34 and a 200-day moving average price of C$36.67. The company has a market cap of C$2.04 billion, a PE ratio of 286.93 and a beta of 0.82. Trisura Group has a 12-month low of C$29.05 and a 12-month high of C$44.83.

Trisura Group (TSE:TSU) last announced its quarterly earnings results on Thursday, February 8th. The company reported C$0.54 EPS for the quarter, topping analysts’ consensus estimates of C$0.49 by C$0.05. The business had revenue of C$754.95 million for the quarter. Trisura Group had a return on equity of 12.03% and a net margin of 2.36%. As a group, equities analysts forecast that Trisura Group will post 2.7177792 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Trisura Group news, Director Chris Yoshio Sekine sold 55,518 shares of the business’s stock in a transaction on Wednesday, March 20th. The stock was sold at an average price of C$43.23, for a total value of C$2,399,837.72. In other news, Director Michael Beasley sold 38,822 shares of the business’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of C$43.28, for a total value of C$1,680,022.05. Also, Director Chris Yoshio Sekine sold 55,518 shares of the company’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of C$43.23, for a total value of C$2,399,837.72. Over the last three months, insiders have sold 94,825 shares of company stock valued at $4,100,283. 1.62% of the stock is currently owned by corporate insiders.

Trisura Group Company Profile

Trisura Group Ltd., a specialty insurance company, operates in the surety, risk solutions, corporate insurance, and reinsurance businesses in Canada, the United States, and internationally. The company operates through Trisura Canada and Trisura the United States segments. It also offers risk solutions, fronting, and insurance products, as well as provides business underwriting services.