CA - Trisura Resumes Its Ascent In Early 2024 And There Is A Reason For It
2024-02-12 08:11:23 ET
Summary
- Trisura Group, a Canadian specialty P&C insurer, experienced a significant write-down in Q4 2022 due to a bad underwriting mistake.
- The company's stock dropped in early 2023 but resumed its ascent in early 2024 after reporting a successful Q4 2023.
- Trisura's current P/E ratio of 16.7 is too low for its growth rate of 30% and strong profitability.
- Under an optimistic scenario, the stock can jump from $39 now to $60+ in a year.
Trisura Group (TRRSF) is a small Canadian specialty property and casualty (P&C) insurer. I have held it since June 2017 when it was spun off from Brookfield Corporation ( BN ). The scorecard is wonderful - ~37% annual IRR or almost sevenfold in multiples of capital....
Trisura Resumes Its Ascent In Early 2024 And There Is A Reason For It