Trisura Group’s (TSU) Buy Rating Reaffirmed at Desjardins

Desjardins reiterated their buy rating on shares of Trisura Group (TSE:TSU) in a report released on Monday morning, Zacks.com reports. Desjardins also issued estimates for Trisura Group’s Q1 2024 earnings at $0.63 EPS, Q2 2024 earnings at $0.69 EPS, Q3 2024 earnings at $0.72 EPS, Q4 2024 earnings at $0.64 EPS, FY2024 earnings at $2.68 EPS and FY2025 earnings at $3.12 EPS.

TSU has been the subject of a number of other research reports. Royal Bank of Canada raised their target price on Trisura Group from C$40.00 to C$44.00 and gave the company an outperform rating in a report on Monday, February 12th. Scotiabank raised their target price on Trisura Group from C$54.00 to C$56.00 and gave the company an outperform rating in a report on Friday, February 9th. CIBC raised their target price on Trisura Group from C$50.00 to C$55.00 and gave the company an outperform rating in a report on Monday, February 12th. Raymond James raised their price target on Trisura Group from C$54.00 to C$64.00 and gave the company an outperform rating in a research report on Monday, February 12th. Finally, National Bankshares raised their price target on Trisura Group from C$64.00 to C$65.00 and gave the company an outperform rating in a research report on Monday, February 12th. Nine equities research analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has an average rating of Buy and an average target price of C$55.63.

Trisura Group Price Performance

Shares of TSE TSU opened at C$43.04 on Monday. The company has a debt-to-equity ratio of 13.67, a current ratio of 2.46 and a quick ratio of 0.22. The stock has a fifty day moving average price of C$42.34 and a 200 day moving average price of C$36.67. Trisura Group has a 1-year low of C$29.05 and a 1-year high of C$44.83. The company has a market cap of C$2.04 billion, a PE ratio of 286.93 and a beta of 0.82.

Trisura Group (TSE:TSU) last released its earnings results on Thursday, February 8th. The company reported C$0.54 EPS for the quarter, beating analysts’ consensus estimates of C$0.49 by C$0.05. Trisura Group had a return on equity of 12.03% and a net margin of 2.36%. The company had revenue of C$754.95 million during the quarter. Sell-side analysts forecast that Trisura Group will post 2.7177792 EPS for the current year.

Insider Buying and Selling

In related news, Director Chris Yoshio Sekine sold 55,518 shares of Trisura Group stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of C$43.23, for a total transaction of C$2,399,837.72. In related news, Director Michael Beasley sold 38,822 shares of Trisura Group stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of C$43.28, for a total transaction of C$1,680,022.05. Also, Director Chris Yoshio Sekine sold 55,518 shares of Trisura Group stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of C$43.23, for a total value of C$2,399,837.72. In the last quarter, insiders sold 94,825 shares of company stock worth $4,100,283. 1.62% of the stock is owned by corporate insiders.

About Trisura Group

Trisura Group Ltd., a specialty insurance company, operates in the surety, risk solutions, corporate insurance, and reinsurance businesses in Canada, the United States, and internationally. The company operates through Trisura Canada and Trisura the United States segments. It also offers risk solutions, fronting, and insurance products, as well as provides business underwriting services.