Definity Financial (TSE:DFY) Stock Gets Price Target Trim from Scotia

Definity Financial (TSE:DFY) had its price target decreased by Scotia from C$84.00 to C$83.00 in a research report report published on Wednesday,BayStreet reports. Scotia currently has a sector perform rating on the stock.

DFY has been the topic of a number of other reports. Raymond James Financial upped 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. Jefferies Financial Group lifted their price target on shares of Definity Financial from C$83.00 to C$91.00 and gave the company a “buy” rating in a research report on Monday, July 27th. National Bank Financial boosted their price target on shares of Definity Financial from C$94.00 to C$96.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. TD upped their price objective on shares of Definity Financial from C$89.00 to C$93.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Finally, Canadian Imperial Bank of Commerce raised their price objective on shares of Definity Financial from C$74.00 to C$84.00 in a research note on Tuesday, July 14th. Four investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of C$83.36.

Definity Financial Stock Performance

Shares of Definity Financial stock opened at C$68.12 on Wednesday. Definity Financial has a one year low of C$61.87 and a one year high of C$82.59. The firm has a market capitalization of C$8.18 billion, a price-to-earnings ratio of 17.69, a PEG ratio of 2.63 and a beta of 0.10. The business has a 50-day simple moving average of C$73.32 and a 200 day simple moving average of C$71.45. The company has a debt-to-equity ratio of 37.12, a current ratio of 1.35 and a quick ratio of 0.31.

Definity Financial (TSE:DFY) last announced its quarterly earnings results on Thursday, July 30th. The company reported C$0.97 earnings per share (EPS) for the quarter. Definity Financial had a return on equity of 11.45% and a net margin of 7.22%. The business had revenue of C$2.05 billion for the quarter. On average, research analysts anticipate that Definity Financial will post 3.13 earnings per share for the current fiscal year.

Insider Activity at Definity Financial

In other news, insider Innes Fraser Dey sold 4,800 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of C$81.00, for a total value of C$388,800.00. Following the transaction, the insider owned 53,150 shares in the company, valued at C$4,305,150. This trade represents a 8.28% decrease in their ownership of the stock. Insiders sold 13,638 shares of company stock valued at $1,101,345 over the last three months. 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.