Trisura Group (TSE:TSU) Hits New 52-Week High Following Analyst Upgrade

Shares of Trisura Group Ltd. (TSE:TSU) reached a new 52-week high during mid-day trading on Friday after CIBC raised their price target on the stock from C$55.00 to C$60.00. CIBC currently has an outperform rating on the stock. Trisura Group traded as high as C$46.08 and last traded at C$45.87, with a volume of 30619 shares changing hands. The stock had previously closed at C$42.63.

Several other analysts have also recently issued reports on the company. Raymond James upped their target price on Trisura Group from C$54.00 to C$64.00 and gave the company an “outperform” rating in a report on Monday, February 12th. Royal Bank of Canada raised their price objective on shares of Trisura Group from C$40.00 to C$44.00 and gave the stock an “outperform” rating in a research report on Monday, February 12th. BMO Capital Markets boosted their target price on shares of Trisura Group from C$49.00 to C$52.00 and gave the company an “outperform” rating in a report on Monday, February 12th. National Bankshares increased their price target on shares of 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. Finally, Cormark lifted their price target on shares of Trisura Group from C$51.00 to C$52.00 and gave the company a “buy” rating in a research report on Monday, February 12th. Nine investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Trisura Group has a consensus rating of “Buy” and a consensus target price of C$56.63.

Insider Transactions at Trisura Group

In other news, Director Chris Yoshio Sekine sold 55,518 shares of the firm’s stock in a transaction on 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 other news, Director Chris Yoshio Sekine sold 55,518 shares of the stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of C$43.23, for a total transaction of C$2,399,837.72. Also, Director Michael Beasley sold 38,822 shares of Trisura Group stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of C$43.28, for a total transaction of C$1,680,022.05. In the last three months, insiders have sold 94,825 shares of company stock worth $4,100,283. 1.10% of the stock is currently owned by insiders.

Trisura Group Stock Performance

The stock has a 50-day moving average price of C$42.48 and a 200 day moving average price of C$37.32. The company has a quick ratio of 0.22, a current ratio of 2.46 and a debt-to-equity ratio of 13.67. The firm has a market capitalization of C$2.13 billion, a price-to-earnings ratio of 31.60 and a beta of 0.81.

Trisura Group (TSE:TSU) last issued its quarterly earnings results on Thursday, February 8th. The company reported C$0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.49 by C$0.05. Trisura Group had a net margin of 2.36% and a return on equity of 12.03%. The company had revenue of C$754.95 million during the quarter. On average, analysts forecast that Trisura Group Ltd. will post 2.7003195 EPS for the current year.

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.