Trisura Group (TSE:TSU) Cut to “Hold” at National Bank Financial

National Bank Financial cut shares of Trisura Group (TSE:TSU) from an outperform rating to a hold rating in a research report released on Monday morning, Marketbeat Ratings reports. The brokerage currently has C$35.00 price objective on the stock, down from their previous price objective of C$60.00.

Several other equities analysts have also commented on the company. Raymond James Financial dropped their target price on Trisura Group from C$58.50 to C$57.50 and set an “outperform” rating for the company in a research note on Friday, October 16th. RBC Dominion Securities lowered their price target on Trisura Group from C$60.00 to C$54.00 and set an “outperform” rating for the company in a report on Thursday, October 15th. Scotia dropped their price objective on shares of Trisura Group from C$53.00 to C$52.00 and set a “sector perform” rating for the company in a research note on Monday, October 19th. ATB Cormark Capital Markets cut their price objective on shares of 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. Finally, Royal Bank Of Canada cut their price objective on shares of Trisura Group from C$54.00 to C$42.00 and set an “outperform” rating on the stock in a report on Monday. Five research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, Trisura Group currently has a consensus rating of “Moderate Buy” and an average target price of C$48.72.

Trisura Group Stock Performance

Shares of TSU opened at C$31.41 on Monday. Trisura Group has a fifty-two week low of C$28.85 and a fifty-two week high of C$51.00. The company has a market capitalization of C$1.48 billion, a PE ratio of 10.54 and a beta of 0.52. The stock has a fifty day moving average of C$40.60 and a two-hundred day moving average of C$42.71.

Trisura Group (TSE:TSU) last posted its quarterly earnings data on Thursday, November 5th. The company reported C$0.73 earnings per share (EPS) for the quarter. The business had revenue of C$832.50 million for the quarter. Trisura Group had a return on equity of 16.54% and a net margin of 4.80%. As a group, equities research analysts forecast that Trisura Group will post 3.13 earnings per share for the current fiscal year.

Insider Activity at Trisura Group

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

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.