Trisura Group (TSE:TSU) Stock Rating Lowered by TD Securities

Trisura Group (TSE:TSU) was downgraded by investment analysts at TD Securities from a “strong-buy” rating to a “hold” rating in a research report issued on Monday, Zacks reports.

TSU has been the subject of a number of other reports. Raymond James Financial decreased their price objective on Trisura Group from C$58.50 to C$57.50 and set an “outperform” rating for the company in a research note on Friday, October 16th. ATB Cormark Capital Markets cut their target price on Trisura Group from C$55.00 to C$51.00 and set an “outperform” rating on the stock in a research note on Tuesday, July 28th. Scotia reduced their target price on shares of Trisura Group from C$53.00 to C$52.00 and set a “sector perform” rating for the company in a report on Monday, October 19th. Royal Bank Of Canada reduced their target price on shares of Trisura Group from C$54.00 to C$42.00 and set an “outperform” rating for the company in a report on Monday. Finally, Desjardins decreased their price target on shares of Trisura Group from C$60.00 to C$56.00 and set a “buy” rating for the company in a research report on Thursday, October 29th. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of C$50.94.

Trisura Group Stock Down 0.4%

Trisura Group stock opened at C$29.46 on Monday. The business has a fifty day moving average of C$41.02 and a two-hundred day moving average of C$42.84. The firm has a market cap of C$1.39 billion, a P/E ratio of 9.12 and a beta of 0.52. Trisura Group has a twelve month low of C$28.85 and a twelve month high of C$51.00.

Trisura Group (TSE:TSU) last announced its earnings results on Thursday, November 5th. The company reported C$0.73 earnings per share (EPS) for the quarter. Trisura Group had a return on equity of 16.54% and a net margin of 4.80%. The business had revenue of C$832.50 million for the quarter. Equities analysts expect that Trisura Group will post 3.13 earnings per share for the current year.

Insider Activity

In other news, Director Eileen Marie Sweeney sold 13,900 shares of Trisura Group stock in a transaction on Friday, August 28th. The shares were sold at an average price of C$42.19, for a total transaction of C$586,441.00. Following the completion of the sale, the director directly owned 139,710 shares in the company, valued at approximately C$5,894,364.90. The trade was a 9.05% decrease in their ownership of the stock. Insiders have sold a total of 34,800 shares of company stock valued at $1,457,139 over the last three months. Company insiders own 1.09% of the company’s stock.

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.