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

Desjardins reiterated their buy rating on shares of Trisura Group (TSE:TSU) in a report issued on Monday, 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 equities analysts have also issued reports on TSU. Scotiabank raised their price objective on Trisura Group from C$54.00 to C$56.00 and gave the stock an outperform rating in a report on Friday, February 9th. Raymond James raised their price objective on Trisura Group from C$54.00 to C$64.00 and gave the stock an outperform rating in a report on Monday, February 12th. Royal Bank of Canada raised their price objective on Trisura Group from C$40.00 to C$44.00 and gave the stock an outperform rating in a report on Monday, February 12th. Cormark raised their price target on Trisura Group from C$51.00 to C$52.00 and gave the stock a buy rating in a report on Monday, February 12th. Finally, CIBC raised their price target on Trisura Group from C$50.00 to C$55.00 and gave the stock an outperform rating in a report on Monday, February 12th. Nine equities research analysts have rated the stock with a buy rating, According to MarketBeat, the stock has an average rating of Buy and a consensus target price of C$55.63.

Trisura Group Stock Up 1.1 %

Trisura Group stock opened at C$43.50 on Monday. Trisura Group has a 1-year low of C$29.05 and a 1-year high of C$44.83. 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 market cap of C$2.06 billion, a PE ratio of 290.00 and a beta of 0.82. The stock’s fifty day moving average is C$42.38 and its two-hundred day moving average is C$36.72.

Trisura Group (TSE:TSU) last issued its quarterly earnings data on Thursday, February 8th. The company reported C$0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.49 by C$0.05. The company had revenue of C$754.95 million for the quarter. Trisura Group had a return on equity of 12.03% and a net margin of 2.36%. On average, sell-side analysts expect that Trisura Group will post 2.7177792 EPS for the current fiscal year.

Insider Buying and Selling

In other Trisura Group news, Director Chris Yoshio Sekine sold 55,518 shares of Trisura Group stock in a transaction that occurred on 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 other Trisura Group news, Director Chris Yoshio Sekine sold 55,518 shares of Trisura Group stock in a transaction that occurred on 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. 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 value of C$1,680,022.05. Insiders have sold a total of 94,825 shares of company stock valued at $4,100,283 over the last quarter. 1.62% of the stock is currently owned by 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.