Desjardins Reiterates Buy Rating for Trisura Group (TSE:TSU)

Desjardins reissued their buy rating on shares of Trisura Group (TSE:TSU) in a research note 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.

Several other analysts also recently weighed in on the company. CIBC boosted their price target on Trisura Group from C$50.00 to C$55.00 and gave the company an outperform rating in a research note on Monday, February 12th. Royal Bank of Canada boosted their price target on Trisura Group from C$40.00 to C$44.00 and gave the company an outperform rating in a research note on Monday, February 12th. National Bankshares boosted their price target on Trisura Group from C$64.00 to C$65.00 and gave the company an outperform rating in a research note on Monday, February 12th. Scotiabank boosted their price target on Trisura Group from C$54.00 to C$56.00 and gave the company an outperform rating in a research note on Friday, February 9th. Finally, BMO Capital Markets boosted their price target on Trisura Group from C$49.00 to C$52.00 and gave the company an outperform rating in a research note on Monday, February 12th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock has an average rating of Buy and a consensus price target of C$55.63.

Trisura Group Trading Up 1.1 %

Shares of TSE:TSU opened at C$43.50 on Monday. Trisura Group has a 12-month low of C$29.05 and a 12-month high of C$44.83. The business’s fifty day simple moving average is C$42.38 and its 200-day simple moving average is C$36.72. The company has a market capitalization of C$2.06 billion, a PE ratio of 290.00 and a beta of 0.82. The company has a current ratio of 2.46, a quick ratio of 0.22 and a debt-to-equity ratio of 13.67.

Trisura Group (TSE:TSU) last announced its earnings results on Thursday, February 8th. The company reported C$0.54 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of C$754.95 million for the quarter. As a group, equities research analysts predict that Trisura Group will post 2.7177792 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Chris Yoshio Sekine sold 55,518 shares of the business’s 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 related news, Director Michael Beasley sold 38,822 shares of the company’s stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of C$43.28, for a total value of C$1,680,022.05. Also, Director Chris Yoshio Sekine sold 55,518 shares of the company’s 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. Insiders sold a total of 94,825 shares of company stock valued at $4,100,283 in the last quarter. 1.62% of the stock is currently owned by company insiders.

Trisura Group Company Profile

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.