Trisura Group (TSE:TSU) Stock Price Down 2% – Here’s What Happened

Shares of Trisura Group Ltd. (TSE:TSU) fell 2% during trading on Thursday . The stock traded as low as C$41.59 and last traded at C$42.14. Approximately 75,086 shares changed hands during mid-day trading, a decline of 27% from the average daily volume of 102,580 shares. The stock had previously closed at C$42.99.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. 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 report on Friday, May 8th. Desjardins set a C$60.00 price objective on Trisura Group and gave the company a “buy” rating in a research note on Monday, April 27th. Finally, Scotiabank downgraded Trisura Group from a “sector outperform” rating to a “sector perform” rating and set a C$52.00 target price on the stock. in a report on Tuesday, April 28th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, Trisura Group has an average rating of “Moderate Buy” and an average price target of C$56.66.

Trisura Group Price Performance

The company has a current ratio of 23.58, a quick ratio of 0.22 and a debt-to-equity ratio of 23.38. The business has a 50-day moving average of C$42.77 and a 200 day moving average of C$43.90. The firm has a market capitalization of C$1.99 billion, a PE ratio of 13.59 and a beta of 0.55.

Trisura Group (TSE:TSU) last announced its quarterly earnings data on Thursday, May 7th. The company reported C$0.78 earnings per share (EPS) for the quarter. Trisura Group had a return on equity of 16.65% and a net margin of 4.72%.The firm had revenue of C$804.85 million during the quarter. As a group, research analysts anticipate that Trisura Group Ltd. will post 3.1349036 EPS for the current fiscal year.

Insider Activity

In related news, Director Eileen Marie Sweeney sold 34,800 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of C$40.84, for a total transaction of C$1,421,232.00. Following the sale, the director owned 139,710 shares of the company’s stock, valued at approximately C$5,705,756.40. This represents a 19.94% decrease in their position. 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.