Trisura Group (TSE:TSU) Hits New 52-Week Low – Here’s Why

Trisura Group Ltd. (TSE:TSU)’s stock price reached a new 52-week low on Friday. The company traded as low as C$31.36 and last traded at C$32.13, with a volume of 218,614 shares changing hands. The stock had previously closed at C$42.21.

Analysts Set New Price Targets

TSU has been the topic of a number of analyst reports. RBC Dominion Securities cut their price objective on shares of Trisura Group from C$60.00 to C$54.00 and set an “outperform” rating on the stock in a research report on Thursday, October 15th. Raymond James Financial decreased their target price on shares of Trisura Group from C$58.50 to C$57.50 and set an “outperform” rating for the company in a research report on Friday, October 16th. National Bank Financial increased their target price on shares of Trisura Group from C$59.00 to C$60.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. Scotia lowered 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 research note on Monday, October 19th. Finally, Desjardins cut their price target on shares of Trisura Group from C$60.00 to C$56.00 and set a “buy” rating on the stock in a report on Thursday, October 29th. Six investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of C$55.39.

Trisura Group Stock Performance

The company has a 50 day moving average of C$41.50 and a two-hundred day moving average of C$42.99. The stock has a market capitalization of C$1.43 billion, a PE ratio of 9.41 and a beta of 0.52.

Trisura Group (TSE:TSU) last released its quarterly earnings results on Thursday, November 5th. The company reported C$0.73 EPS for the quarter. The company had revenue of C$832.50 million during the quarter. Trisura Group had a return on equity of 16.54% and a net margin of 4.80%. As a group, research analysts predict that Trisura Group Ltd. will post 3.13 EPS for the current fiscal year.

Insider Activity

In other news, Director Eileen Marie Sweeney sold 13,900 shares of the company’s stock in a transaction dated 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 transaction, the director owned 139,710 shares in the company, valued at C$5,894,364.90. This represents a 9.05% decrease in their ownership of the stock. Insiders have sold a total of 34,800 shares of company stock worth $1,457,139 in the last 90 days. 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.