Trisura Group (TSE:TSU) Hits New 1-Year High After Analyst Upgrade

Trisura Group Ltd. (TSE:TSU) shares reached a new 52-week high during mid-day trading on Friday after CIBC raised their price target on the stock from C$55.00 to C$60.00. CIBC currently has an outperform rating on the stock. Trisura Group traded as high as C$46.08 and last traded at C$45.87, with a volume of 30619 shares trading hands. The stock had previously closed at C$42.63.

Other equities analysts also recently issued research reports about the stock. Scotiabank raised their price objective on shares of Trisura Group from C$56.00 to C$59.00 in a report on Friday, April 26th. Raymond James boosted their price objective on shares of Trisura Group from C$54.00 to C$64.00 and gave the company an “outperform” rating in a research report on Monday, February 12th. National Bankshares raised their target price on Trisura Group from C$64.00 to C$65.00 and gave the stock an “outperform” rating in a report on Monday, February 12th. Royal Bank of Canada lifted their target price on Trisura Group from C$40.00 to C$44.00 and gave the company an “outperform” rating in a research report on Monday, February 12th. Finally, Desjardins restated a “buy” rating on shares of Trisura Group in a research report on Monday, April 22nd. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, Trisura Group has a consensus rating of “Buy” and an average price target of C$56.63.

Insiders Place Their Bets

In related news, Director Chris Yoshio Sekine sold 55,518 shares of the business’s stock in a transaction that occurred on Wednesday, March 20th. The stock was sold at an average price of C$43.23, for a total value of C$2,399,837.72. In other Trisura Group news, Director Chris Yoshio Sekine sold 55,518 shares of the business’s stock in a transaction on Wednesday, March 20th. The shares were sold at an average price of C$43.23, for a total value of C$2,399,837.72. Also, Director Michael Beasley sold 38,822 shares of the stock in a transaction dated Thursday, March 7th. The shares were sold at an average price of C$43.28, for a total transaction of C$1,680,022.05. In the last quarter, insiders sold 94,825 shares of company stock worth $4,100,283. Corporate insiders own 1.10% of the company’s stock.

Trisura Group Trading Up 5.3 %

The stock’s fifty day moving average is C$42.45 and its 200 day moving average is C$37.18. The company has a debt-to-equity ratio of 13.67, a quick ratio of 0.22 and a current ratio of 2.46. The stock has a market cap of C$2.13 billion, a P/E ratio of 31.60 and a beta of 0.81.

Trisura Group (TSE:TSU) last announced its earnings results on Thursday, February 8th. The company reported C$0.54 earnings per share for the quarter, beating the consensus estimate of C$0.49 by C$0.05. The business had revenue of C$754.95 million for the quarter. Trisura Group had a net margin of 2.36% and a return on equity of 12.03%. As a group, equities research analysts predict that Trisura Group Ltd. will post 2.7003195 earnings per share for the current fiscal year.

About Trisura Group

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.