Brigid Pelino Sells 5,000 Shares of Definity Financial (TSE:DFY) Stock

Definity Financial Co. (TSE:DFY) insider Brigid Pelino sold 5,000 shares of the business’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of C$72.00, for a total transaction of C$360,000.00. Following the completion of the sale, the insider directly owned 74,109 shares in the company, valued at C$5,335,848. This trade represents a 6.32% decrease in their position.

Definity Financial Price Performance

Shares of Definity Financial stock opened at C$70.35 on Friday. The firm has a market capitalization of C$8.46 billion, a PE ratio of 21.71, a price-to-earnings-growth ratio of 2.63 and a beta of 0.00. The company’s fifty day moving average price is C$66.87 and its two-hundred day moving average price is C$69.21. Definity Financial Co. has a 52-week low of C$61.87 and a 52-week high of C$79.95.

Definity Financial (TSE:DFY) last announced its quarterly earnings results on Thursday, May 7th. The company reported C$0.97 earnings per share (EPS) for the quarter. The firm had revenue of C$1.92 billion for the quarter. Definity Financial had a net margin of 6.94% and a return on equity of 9.82%. Analysts predict that Definity Financial Co. will post 3.1263962 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on DFY shares. Raymond James Financial lowered their price target on shares of Definity Financial from C$74.00 to C$72.00 and set a “market perform” rating on the stock in a report on Friday, February 13th. Desjardins lowered their price target on shares of Definity Financial from C$75.00 to C$73.00 and set a “hold” rating on the stock in a report on Monday, April 27th. Barclays boosted their price target on shares of Definity Financial from C$78.00 to C$79.00 in a report on Friday, May 8th. Jefferies Financial Group boosted their price target on shares of Definity Financial from C$76.00 to C$81.00 in a report on Monday, May 4th. Finally, National Bank Financial boosted their price target on shares of Definity Financial from C$93.00 to C$94.00 in a report on Wednesday, April 29th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, Definity Financial currently has an average rating of “Moderate Buy” and an average price target of C$79.91.

About Definity Financial

Definity Financial Corp is a multi-channel, property, and casualty insurance company. It offers auto, property, liability, and pet insurance products to individual customers.