Trisura Group (TSE:TSU) Sets New 52-Week High – Here’s Why

Trisura Group Ltd. (TSE:TSU)’s share price reached a new 52-week high on Monday . The company traded as high as C$45.09 and last traded at C$45.06, with a volume of 66956 shares. The stock had previously closed at C$42.61.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on TSU shares. Royal Bank Of Canada lifted their price target on Trisura Group from C$55.00 to C$57.00 in a report on Monday, November 10th. Desjardins set a C$56.00 price objective on Trisura Group and gave the company a “buy” rating in a research report on Thursday, December 18th. Four research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of C$54.00.

Trisura Group Trading Up 4.7%

The company has a 50-day moving average of C$40.24 and a 200-day moving average of C$40.77. The company has a market capitalization of C$2.12 billion, a price-to-earnings ratio of 17.43 and a beta of 0.20.

Trisura Group (TSE:TSU) last issued its quarterly earnings results on Thursday, November 6th. The company reported C$0.71 earnings per share for the quarter. The business had revenue of C$799.34 million for the quarter. Trisura Group had a return on equity of 16.30% and a net margin of 3.76%. On average, research analysts expect that Trisura Group Ltd. will post 3.1349036 EPS for the current year.

Insider Transactions at Trisura Group

In related news, insider Cibc Asset Management Inc. purchased 64,700 shares of the firm’s stock in a transaction on Tuesday, October 21st. The stock was acquired at an average price of C$37.78 per share, with a total value of C$2,444,366.00. Following the completion of the acquisition, the insider owned 5,479,427 shares in the company, valued at approximately C$207,012,752.06. This represents a 1.19% increase in their position. 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.