Trisura Group (TSE:TSU) Stock Passes Below 50-Day Moving Average – Time to Sell?

Trisura Group Ltd. (TSE:TSU) passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$43.10 and traded as low as C$41.77. Trisura Group shares last traded at C$42.06, with a volume of 58,016 shares trading hands.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on TSU. Scotiabank cut shares of Trisura Group from a “sector outperform” rating to a “sector perform” rating and set a C$52.00 target price for the company. in a research note on Tuesday, April 28th. National Bank Financial increased 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 report on Monday, July 27th. ATB Cormark Capital Markets reduced their price objective on shares of Trisura Group from C$55.00 to C$51.00 and set an “outperform” rating for the company in a research report on Tuesday, July 28th. Desjardins set a C$60.00 price target on Trisura Group and gave the company a “buy” rating in a research note on Monday, April 27th. Finally, Raymond James Financial upped their price target on shares of Trisura Group from C$57.00 to C$57.25 and gave the stock an “outperform” rating in a research note on Friday, May 8th. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Trisura Group currently has a consensus rating of “Moderate Buy” and a consensus price target of C$56.66.

Trisura Group Trading Down 1.1%

The firm’s 50 day simple moving average is C$43.11 and its 200-day simple moving average is C$43.71. The company has a quick ratio of 0.22, a current ratio of 23.58 and a debt-to-equity ratio of 23.38. The company has a market capitalization of C$1.97 billion, a PE ratio of 13.42 and a beta of 0.58.

Trisura Group (TSE:TSU) last released its earnings results on Thursday, August 6th. The company reported C$0.76 EPS for the quarter. The company had revenue of C$198.42 million during the quarter. Trisura Group had a return on equity of 16.65% and a net margin of 4.72%. As a group, equities research analysts anticipate that Trisura Group Ltd. will post 3.1349036 EPS for the current year.

Insider Activity at Trisura Group

In other Trisura Group news, Director Eileen Marie Sweeney sold 34,800 shares of Trisura Group stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of C$40.84, for a total transaction of C$1,421,232.00. Following the transaction, 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 currently owned by 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.