Trisura Group (TSE:TSU) Hits New 1-Year High – Should You Buy?

Shares of Trisura Group Ltd. (TSE:TSU) hit a new 52-week high on Monday . The stock traded as high as C$45.80 and last traded at C$45.69, with a volume of 118526 shares. The stock had previously closed at C$45.54.

Analyst Ratings Changes

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

Trisura Group Stock Up 0.3%

The firm has a market capitalization of C$2.17 billion, a P/E ratio of 17.85 and a beta of 0.20. The company has a fifty day simple moving average of C$41.08 and a 200 day simple moving average of C$40.86.

Trisura Group (TSE:TSU) last issued its quarterly earnings results on Thursday, November 6th. The company reported C$0.71 earnings per share for the quarter. The firm 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%. As a group, equities analysts expect that Trisura Group Ltd. will post 3.1349036 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, insider Cibc Asset Management Inc. bought 64,700 shares of the firm’s stock in a transaction on Tuesday, October 21st. The stock was acquired at an average cost of C$37.78 per share, with a total value of C$2,444,366.00. Following the completion of the acquisition, the insider owned 5,479,427 shares of the company’s stock, valued at approximately C$207,012,752.06. This represents a 1.19% increase in their ownership of the stock. Corporate insiders own 1.09% of the company’s stock.

About Trisura Group

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.