Trisura Group (TSE:TSU) Issues Quarterly Earnings Results

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

Trisura Group Price Performance

Shares of TSU stock opened at C$42.21 on Friday. Trisura Group has a one year low of C$36.61 and a one year high of C$51.00. The company’s fifty day moving average price is C$41.50 and its 200-day moving average price is C$42.99. The company has a market capitalization of C$1.99 billion, a price-to-earnings ratio of 13.07 and a beta of 0.52.

Insiders Place Their Bets

In other Trisura Group news, Director Eileen Marie Sweeney sold 13,900 shares of the stock in a transaction on Friday, August 28th. The stock was sold at an average price of C$42.19, for a total value of C$586,441.00. Following the completion of the sale, the director owned 139,710 shares in the company, valued at approximately C$5,894,364.90. This represents a 9.05% decrease in their position. Over the last ninety days, insiders have sold 34,800 shares of company stock valued at $1,457,139. Corporate insiders own 1.09% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.