Analysts Set Definity Financial Co. (TSE:DFY) Price Target at C$80.20

Shares of Definity Financial Co. (TSE:DFY) have been given an average rating of “Moderate Buy” by the eight ratings firms that are currently covering the company, Marketbeat.com reports. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is C$80.20.

DFY has been the subject of a number of analyst reports. National Bank Financial increased their target price on shares of Definity Financial from C$93.00 to C$94.00 in a research report on Wednesday, April 29th. Canadian Imperial Bank of Commerce lifted their price target on shares of Definity Financial from C$74.00 to C$84.00 in a report on Tuesday, July 14th. Desjardins reduced their price target on Definity Financial from C$75.00 to C$73.00 and set a “hold” rating on the stock in a research report on Monday, April 27th. Barclays increased their price objective on Definity Financial from C$78.00 to C$79.00 in a report on Friday, May 8th. Finally, Jefferies Financial Group raised their price objective on Definity Financial from C$76.00 to C$81.00 in a research report on Monday, May 4th.

Definity Financial Stock Performance

Shares of Definity Financial stock opened at C$79.40 on Thursday. The company has a market capitalization of C$9.55 billion, a PE ratio of 24.51, a P/E/G ratio of 2.63 and a beta of -0.05. The company has a 50-day simple moving average of C$71.92 and a two-hundred day simple moving average of C$69.59. Definity Financial has a one year low of C$61.87 and a one year high of C$79.92. The company has a debt-to-equity ratio of 43.41, a quick ratio of 0.31 and a current ratio of 1.25.

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

Insider Buying and Selling

In other Definity Financial news, insider Brigid V. Pelino sold 5,000 shares of the stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of C$72.00, for a total value of C$360,000.00. Following the completion of the sale, the insider directly owned 74,109 shares in the company, valued at approximately C$5,335,848. This trade represents a 6.32% decrease in their ownership of the stock. Company insiders own 0.50% of the company’s stock.

Definity Financial Company Profile

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