Definity Financial Co. (TSE:DFY) Receives C$83.40 Average PT from Analysts

Shares of Definity Financial Co. (TSE:DFY) have been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are covering the stock, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$83.40.

A number of equities analysts have commented on DFY shares. Raymond James Financial raised their price objective on Definity Financial from C$80.00 to C$85.00 and gave the stock a “market perform” rating in a research note on Friday, July 31st. National Bank Financial upped their target price on Definity Financial from C$94.00 to C$96.00 and gave the company an “outperform” rating in a research report on Monday, July 27th. Canadian Imperial Bank of Commerce increased their target price on Definity Financial from C$74.00 to C$84.00 in a report on Tuesday, July 14th. TD raised their price target on Definity Financial from C$89.00 to C$93.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Finally, Jefferies Financial Group boosted their price target on Definity Financial from C$83.00 to C$91.00 and gave the company a “buy” rating in a research note on Monday, July 27th.

Definity Financial Price Performance

Shares of DFY opened at C$71.86 on Friday. Definity Financial has a 12 month low of C$61.87 and a 12 month high of C$82.59. The firm’s 50 day moving average is C$77.21 and its 200-day moving average is C$70.99. The stock has a market capitalization of C$8.63 billion, a PE ratio of 18.66, a P/E/G ratio of 2.63 and a beta of -0.01. The company has a current ratio of 1.35, a quick ratio of 0.31 and a debt-to-equity ratio of 37.12.

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

Insider Transactions at Definity Financial

In related news, insider Innes Fraser Dey sold 4,800 shares of the stock in a transaction that occurred on 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 sale, the insider owned 53,150 shares in the company, valued at approximately C$4,305,150. This trade represents a 8.28% decrease in their position. Also, insider Brigid V. Pelino sold 5,000 shares of Definity Financial stock in a transaction that occurred 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 transaction, 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 ownership of the stock. Insiders have sold 18,638 shares of company stock worth $1,461,345 over the last quarter. Corporate 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.