Definity Financial Co. (TSE:DFY) Stock Has Average Target Price of C$83.40 According to Brokerages

Shares of Definity Financial Co. (TSE:DFY) have been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are currently covering the firm, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to 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.

Several equities research analysts have issued reports on DFY shares. Raymond James Financial raised their price objective on shares of 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. Canadian Imperial Bank of Commerce upped their price objective on Definity Financial from C$74.00 to C$84.00 in a report on Tuesday, July 14th. Jefferies Financial Group upped 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 note on Monday, July 27th. National Bank Financial raised their price target on shares of Definity Financial from C$94.00 to C$96.00 and gave the stock an “outperform” rating in a research report on Monday, July 27th. Finally, TD lifted 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 research note on Friday, July 31st.

Definity Financial Stock Performance

Shares of DFY opened at C$69.37 on Tuesday. The company has a market cap of C$8.33 billion, a PE ratio of 18.02, a price-to-earnings-growth ratio of 2.63 and a beta of -0.01. The firm has a 50-day moving average of C$74.78 and a 200-day moving average of C$71.48. Definity Financial has a one year low of C$61.87 and a one year high of C$82.59. 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 posted its quarterly earnings results on Thursday, July 30th. The company reported C$0.97 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 during the quarter. As a group, equities analysts forecast that Definity Financial will post 3.1263962 earnings per share for the current year.

Insider Buying and Selling

In other Definity Financial news, insider Innes Fraser Dey sold 4,800 shares of Definity Financial stock in a transaction 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 completion of the transaction, the insider directly owned 53,150 shares of the company’s stock, valued at C$4,305,150. The trade was a 8.28% decrease in their position. In the last 90 days, insiders sold 13,638 shares of company stock worth $1,101,345. 0.50% of the stock is owned by company insiders.

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.