Cibc Asset Management Inc. Acquires 64,700 Shares of Trisura Group (TSE:TSU) Stock

Trisura Group Ltd. (TSE:TSU) insider Cibc Asset Management Inc. bought 64,700 shares of the firm’s stock in a transaction that occurred on Tuesday, October 21st. The shares were purchased at an average price of C$37.78 per share, for a total transaction of C$2,444,366.00. Following the transaction, the insider owned 5,479,427 shares of the company’s stock, valued at C$207,012,752.06. The trade was a 1.19% increase in their position.

Trisura Group Stock Performance

TSU stock opened at C$39.24 on Monday. The company has a 50 day moving average price of C$38.67 and a two-hundred day moving average price of C$40.30. The stock has a market capitalization of C$1.87 billion, a P/E ratio of 15.33 and a beta of 0.14. Trisura Group Ltd. has a one year low of C$30.77 and a one year high of C$44.99.

Trisura Group (TSE:TSU) last posted its quarterly earnings data on Thursday, November 6th. The company reported C$0.79 earnings per share (EPS) for the quarter. The business had revenue of C$799.34 million for the quarter. Trisura Group had a return on equity of 16.30% and a net margin of 3.76%. Research analysts forecast that Trisura Group Ltd. will post 3.1349036 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently commented on TSU shares. Cormark upped their price objective on shares of Trisura Group from C$54.00 to C$57.00 in a research note on Monday, August 11th. Royal Bank Of Canada upped their price target on shares of Trisura Group from C$55.00 to C$57.00 in a research report on Monday, November 10th. Desjardins set a C$54.00 price target on shares of Trisura Group and gave the stock a “buy” rating in a research note on Friday, October 24th. Finally, Scotiabank lifted their price target on shares of Trisura Group from C$50.00 to C$51.00 in a report on Wednesday, July 23rd. Four analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Trisura Group currently has an average rating of “Buy” and a consensus target price of C$53.71.

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.