Definity Financial Co. (TSE:DFY) Receives C$83.40 Consensus Price Target from Brokerages

Shares of Definity Financial Co. (TSE:DFY) have been given an average rating of “Moderate Buy” by the eight research firms that are currently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$83.40.

A number of analysts recently weighed in on DFY shares. Raymond James Financial boosted their target price on Definity Financial from C$80.00 to C$85.00 and gave the stock a “market perform” rating in a research report on Friday, July 31st. Barclays increased their price target on shares of Definity Financial from C$78.00 to C$79.00 in a research report on Friday, May 8th. TD lifted their price target on shares of Definity Financial from C$89.00 to C$93.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. National Bank Financial boosted their price objective on shares of Definity Financial from C$94.00 to C$96.00 and gave the stock an “outperform” rating in a report on Monday, July 27th. Finally, Canadian Imperial Bank of Commerce boosted their price objective on shares of Definity Financial from C$74.00 to C$84.00 in a report on Tuesday, July 14th.

Insiders Place Their Bets

In other Definity Financial news, insider Innes Fraser Dey sold 4,800 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of C$81.00, for a total transaction of C$388,800.00. Following the completion of the sale, the insider directly owned 53,150 shares in the company, valued at C$4,305,150. This represents a 8.28% decrease in their ownership of the stock. Also, insider Brigid V. Pelino sold 5,000 shares of the company’s stock in a transaction dated 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 sale, the insider owned 74,109 shares of the company’s stock, valued at approximately C$5,335,848. The trade was a 6.32% decrease in their ownership of the stock. In the last quarter, insiders sold 18,638 shares of company stock worth $1,461,345. 0.50% of the stock is owned by corporate insiders.

Definity Financial Stock Performance

Shares of DFY stock opened at C$78.50 on Monday. The company has a quick ratio of 0.31, a current ratio of 1.35 and a debt-to-equity ratio of 37.12. The business has a 50-day moving average price of C$76.65 and a two-hundred day moving average price of C$70.26. Definity Financial has a 12-month low of C$61.87 and a 12-month high of C$82.59. The firm has a market cap of C$9.44 billion, a P/E ratio of 20.39, a price-to-earnings-growth ratio of 2.63 and a beta of -0.02.

Definity Financial (TSE:DFY) last posted its quarterly earnings data on Thursday, July 30th. The company reported C$0.97 earnings per share (EPS) for the quarter. The firm had revenue of C$2.05 billion during the quarter. Definity Financial had a return on equity of 11.45% and a net margin of 7.22%. Equities analysts anticipate that Definity Financial will post 3.1263962 EPS for the current fiscal year.

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.