Trisura Group (TSE:TSU) Stock Gets Downgrade from National Bank Financial

Trisura Group (TSE:TSU) was downgraded by stock analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating in a research report issued to clients and investors on Monday, BayStreet reports. They currently have a C$35.00 price target on the stock, down from their prior price target of C$60.00. National Bank Financial‘s target price would indicate a potential upside of 18.93% from the stock’s current price.

Several other research analysts also recently commented on the stock. ATB Cormark Capital Markets decreased their price target on shares of 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. Royal Bank Of Canada cut their price objective on shares of Trisura Group from C$54.00 to C$42.00 and set an “outperform” rating for the company in a research note on Monday. RBC Dominion Securities reduced their target price on shares of Trisura Group from C$60.00 to C$54.00 and set an “outperform” rating on the stock in a report on Thursday, October 15th. Desjardins decreased their target price on shares of Trisura Group from C$60.00 to C$56.00 and set a “buy” rating on the stock in a research report on Thursday, October 29th. Finally, Raymond James Financial lowered their price target on shares of 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. Six analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of C$50.94.

Trisura Group Stock Down 0.5%

Shares of Trisura Group stock traded down C$0.15 during trading on Monday, hitting C$29.43. 643,681 shares of the stock traded hands, compared to its average volume of 105,664. The stock has a market cap of C$1.39 billion, a price-to-earnings ratio of 9.11 and a beta of 0.52. Trisura Group has a 52 week low of C$28.85 and a 52 week high of C$51.00. The firm’s fifty day moving average is C$41.27 and its 200-day moving average is C$42.91.

Trisura Group (TSE:TSU) last released its earnings results on Thursday, November 5th. The company reported C$0.73 earnings per share 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%. On average, analysts forecast that Trisura Group will post 3.13 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Eileen Marie Sweeney sold 2,500 shares of the company’s stock in a transaction on Wednesday, September 2nd. The stock was sold at an average price of C$42.03, for a total value of C$105,075.00. Following the sale, the director directly owned 139,710 shares of the company’s stock, valued at C$5,872,011.30. This represents a 1.76% decrease in their ownership of the stock. Over the last quarter, insiders sold 34,800 shares of company stock worth $1,457,139. 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.