Insider Selling: Trisura Group (TSE:TSU) Director Sells 34,800 Shares of Stock

Trisura Group Ltd. (TSE:TSU) Director Eileen Marie Sweeney sold 34,800 shares of Trisura Group stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of C$40.84, for a total transaction of C$1,421,232.00. Following the transaction, the director directly owned 139,710 shares of the company’s stock, valued at C$5,705,756.40. This represents a 19.94% decrease in their ownership of the stock.

Trisura Group Trading Up 0.3%

TSU stock traded up C$0.13 during trading on Wednesday, hitting C$40.75. 34,249 shares of the stock traded hands, compared to its average volume of 111,136. Trisura Group Ltd. has a one year low of C$36.02 and a one year high of C$51.00. The stock has a market cap of C$1.92 billion, a price-to-earnings ratio of 13.15 and a beta of 0.42. The company has a 50 day simple moving average of C$43.32 and a 200 day simple moving average of C$43.25.

Trisura Group (TSE:TSU) last announced its quarterly earnings results on Thursday, May 7th. The company reported C$0.78 earnings per share (EPS) for the quarter. Trisura Group had a net margin of 4.72% and a return on equity of 16.65%. The firm had revenue of C$804.85 million during the quarter. As a group, analysts predict that Trisura Group Ltd. will post 3.1349036 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

TSU has been the subject of a number of research analyst reports. ATB Cormark Capital Markets boosted their target price on shares of Trisura Group from C$46.75 to C$52.00 and gave the stock an “outperform” rating in a research note on Friday, February 13th. Raymond James Financial boosted their target price on shares of Trisura Group from C$57.00 to C$57.25 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Desjardins set a C$60.00 target price on shares of Trisura Group and gave the stock a “buy” rating in a research note on Monday, April 27th. Scotiabank downgraded shares of Trisura Group from a “sector outperform” rating to a “sector perform” rating and set a C$52.00 target price for the company. in a research note on Tuesday, April 28th. Finally, National Bank Financial boosted their target price on shares of Trisura Group from C$57.00 to C$59.00 and gave the stock an “outperform” rating in a research note on Wednesday, February 4th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, Trisura Group has an average rating of “Moderate Buy” and an average target price of C$56.66.

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.