Trisura Group (TSE:TSU – Get Free Report) issued its quarterly earnings results on Thursday. The company reported C$0.76 earnings per share for the quarter, FiscalAI reports. The firm had revenue of C$198.42 million during the quarter. Trisura Group had a net margin of 4.72% and a return on equity of 16.65%.
Trisura Group Price Performance
Shares of TSU stock traded down C$0.28 during trading hours on Thursday, hitting C$42.06. The company had a trading volume of 58,016 shares, compared to its average volume of 102,129. Trisura Group has a 12 month low of C$36.02 and a 12 month high of C$51.00. The company has a debt-to-equity ratio of 23.38, a quick ratio of 0.22 and a current ratio of 23.58. The firm’s fifty day moving average is C$43.07 and its 200 day moving average is C$43.74. The firm has a market capitalization of C$1.99 billion, a price-to-earnings ratio of 13.57 and a beta of 0.58.
Analysts Set New Price Targets
TSU has been the subject of a number of research analyst reports. Raymond James Financial upped their price objective on shares of Trisura Group from C$57.00 to C$57.25 and gave the company an “outperform” rating in a research report on Friday, May 8th. Scotiabank downgraded Trisura Group from a “sector outperform” rating to a “sector perform” rating and set a C$52.00 price objective for the company. in a research report on Tuesday, April 28th. ATB Cormark Capital Markets lowered their price objective on Trisura Group from C$55.00 to C$51.00 and set an “outperform” rating on the stock in a research report on Tuesday, July 28th. Desjardins set a C$60.00 target price on Trisura Group and gave the company a “buy” rating in a research note on Monday, April 27th. Finally, National Bank Financial lifted their price target on shares of Trisura Group from C$59.00 to C$60.00 and gave the stock an “outperform” rating in a research note on Monday, July 27th. Six investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of C$56.66.
Insider Activity at Trisura Group
In related news, Director Eileen Marie Sweeney sold 34,800 shares of the business’s stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of C$40.84, for a total value of C$1,421,232.00. Following the sale, the director owned 139,710 shares of the company’s stock, valued at C$5,705,756.40. The trade was a 19.94% decrease in their position. 1.09% of the stock is owned by company insiders.
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.
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