Trisura Group (TSE:TSU) Hits New 1-Year High – What’s Next?

Trisura Group Ltd. (TSE:TSU) shares hit a new 52-week high during trading on Monday . The company traded as high as C$45.09 and last traded at C$45.06, with a volume of 66956 shares traded. The stock had previously closed at C$42.61.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on TSU shares. Desjardins set a C$56.00 price objective on Trisura Group and gave the company a “buy” rating in a report on Thursday, December 18th. Royal Bank Of Canada upped their target price on Trisura Group from C$55.00 to C$57.00 in a research report on Monday, November 10th. Four equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$54.00.

Trisura Group Stock Performance

The firm has a market capitalization of C$2.12 billion, a PE ratio of 17.43 and a beta of 0.20. The firm’s 50 day moving average price is C$40.24 and its 200-day moving average price is C$40.77.

Trisura Group (TSE:TSU) last released its quarterly earnings results on Thursday, November 6th. The company reported C$0.71 earnings per share for the quarter. The company had revenue of C$799.34 million during the quarter. Trisura Group had a return on equity of 16.30% and a net margin of 3.76%. On average, equities research analysts expect that Trisura Group Ltd. will post 3.1349036 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Cibc Asset Management Inc. purchased 64,700 shares of the company’s stock in a transaction that occurred on Tuesday, October 21st. The shares were purchased at an average price of C$37.78 per share, with a total value of C$2,444,366.00. Following the purchase, the insider owned 5,479,427 shares of the company’s stock, valued at C$207,012,752.06. The trade was a 1.19% increase in their ownership of the stock. 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.