Insider Selling: Trisura Group (TSE:TSU) Director Sells C$437,220.00 in Stock

Trisura Group Ltd. (TSE:TSU) Director Eileen Marie Sweeney sold 10,500 shares of the company’s stock in a transaction that occurred on Monday, August 31st. The stock was sold at an average price of C$41.64, for a total value of C$437,220.00. Following the transaction, the director directly owned 139,710 shares of the company’s stock, valued at approximately C$5,817,524.40. The trade was a 6.99% decrease in their ownership of the stock.

Eileen Marie Sweeney also recently made the following trade(s):

• On Friday, August 28th, Eileen Marie Sweeney sold 13,900 shares of Trisura Group stock. The stock was sold at an average price of C$42.19, for a total transaction of C$586,441.00.
• On Tuesday, September 1st, Eileen Marie Sweeney sold 7,900 shares of Trisura Group stock. The stock was sold at an average price of C$41.57, for a total transaction of C$328,403.00.

Trisura Group Trading Up 0.3%

TSU traded up C$0.12 during midday trading on Wednesday, hitting C$41.73. 33,178 shares of the company traded hands, compared to its average volume of 101,426. The business has a 50 day simple moving average of C$42.91 and a two-hundred day simple moving average of C$43.48. Trisura Group Ltd. has a 52-week low of C$36.02 and a 52-week high of C$51.00. The company has a market capitalization of C$1.97 billion, a price-to-earnings ratio of 12.92 and a beta of 0.58.

Trisura Group (TSE:TSU) last released its earnings results on Thursday, August 6th. The company reported C$0.76 EPS for the quarter. Trisura Group had a net margin of 4.80% and a return on equity of 16.54%. The business had revenue of C$198.42 million during the quarter. Equities research analysts anticipate that Trisura Group Ltd. will post 3.1349036 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on TSU shares. Raymond James Financial boosted their price objective on Trisura Group from C$57.00 to C$57.25 and gave the stock an “outperform” rating in a research note on Friday, May 8th. ATB Cormark Capital Markets lowered their price target on 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. Finally, National Bank Financial boosted their price target on Trisura Group from C$59.00 to C$60.00 and gave the stock an “outperform” rating in a research report on Monday, July 27th. Five analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$56.61.

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.