Trisura Group (TSE:TSU) Trading Down 0.8% – What’s Next?

Trisura Group Ltd. (TSE:TSU)’s stock price was down 0.8% during trading on Wednesday . The company traded as low as C$44.39 and last traded at C$44.60. Approximately 47,440 shares were traded during mid-day trading, a decline of 36% from the average daily volume of 74,021 shares. The stock had previously closed at C$44.97.

Wall Street Analyst Weigh In

A number of research firms have weighed in on TSU. TD Securities set a C$52.00 target price on Trisura Group and gave the stock a “buy” rating in a report on Thursday, September 19th. Scotiabank upped their price objective on Trisura Group from C$62.00 to C$63.00 and gave the stock an “outperform” rating in a research note on Friday, August 2nd. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, Trisura Group currently has an average rating of “Buy” and an average price target of C$57.44.

Trisura Group Stock Performance

The business has a 50-day moving average price of C$41.76 and a 200-day moving average price of C$42.17. The company has a quick ratio of 0.22, a current ratio of 76.83 and a debt-to-equity ratio of 15.83. The firm has a market capitalization of C$2.12 billion, a price-to-earnings ratio of 23.98 and a beta of 0.82.

Trisura Group (TSE:TSU) last announced its earnings results on Thursday, August 1st. The company reported C$0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.66 by C($0.01). The business had revenue of C$772.20 million for the quarter. Trisura Group had a net margin of 2.92% and a return on equity of 14.65%. As a group, sell-side analysts forecast that Trisura Group Ltd. will post 3.1349036 earnings per share for the current year.

Insider Activity at Trisura Group

In other Trisura Group news, Director Michael Beasley sold 33,176 shares of the business’s stock in a transaction that occurred on Wednesday, September 4th. The shares were sold at an average price of C$39.95, for a total transaction of C$1,325,530.49. In other news, Director David James Clare sold 2,907 shares of the stock in a transaction dated Friday, August 30th. The stock was sold at an average price of C$41.76, for a total value of C$121,396.32. Also, Director Michael Beasley sold 33,176 shares of Trisura Group stock in a transaction dated Wednesday, September 4th. The stock was sold at an average price of C$39.95, for a total value of C$1,325,530.49. 1.09% of the stock is currently owned by 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.