Should I buy or sell Definity Financial stock right now?

8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Definity Financial in the last twelve months. There are currently 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" DFY shares. View DFY analyst ratings or view top-rated stocks .

What is Definity Financial's stock price target for 2024?

8 Wall Street analysts have issued 12-month price objectives for Definity Financial's stock. Their DFY share price targets range from C$42.00 to C$59.00. On average, they predict the company's stock price to reach C$47.30 in the next year. This suggests a possible upside of 6.8% from the stock's current price. View analysts price targets for DFY or view top-rated stocks among Wall Street analysts .

How have DFY shares performed in 2024?

Definity Financial's stock was trading at C$37.54 at the start of the year. Since then, DFY shares have increased by 18.0% and is now trading at C$44.30. View the best growth stocks for 2024 here .

When is Definity Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024. View our DFY earnings forecast .

How were Definity Financial's earnings last quarter?

Definity Financial Co. (TSE:DFY) posted its quarterly earnings data on Thursday, February, 15th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.12. The company earned $1 billion during the quarter. Definity Financial had a net margin of 9.06% and a trailing twelve-month return on equity of 12.52%.

How often does Definity Financial pay dividends? What is the dividend yield for Definity Financial?

Definity Financial announced a quarterly dividend on Thursday, February 15th. Shareholders of record on Friday, March 15th will be paid a dividend of 0.16 per share on Thursday, March 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend is Thursday, March 14th. This is a boost from the stock's previous quarterly dividend of C$0.14. Read our dividend analysis for DFY .

Is Definity Financial a good dividend stock?

Definity Financial (TSE:DFY) pays an annual dividend of C$0.64 per share and currently has a dividend yield of 1.43%. The dividend payout ratio is 21.33%. This payout ratio is at a healthy, sustainable level, below 75%. Read our dividend analysis for DFY .

How do I buy shares of Definity Financial?

Shares of DFY stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor , Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers. Compare Top Brokerages Here .

TSE:DFY

Definity Financial (DFY) Stock Price, News & Analysis

→ Biden’s $374B Giveaway Into This Sector (From DTI) (Ad)

Free DFY Stock Alerts

C$44.30

-0.09 (-0.20%)

(As of 04/19/2024 ET)

Compare

Today's Range: C$44.05
▼
C$44.49
50-Day Range: C$37.99
▼
C$47.25
52-Week Range: C$32.09
▼
C$47.50

Volume: 61,637 shs
Average Volume: 110,833 shs
Market Capitalization: C$5.13 billion

P/E Ratio: 14.77
Dividend Yield: 1.44%
Price Target: C$47.30

Stock Analysis Analyst Forecasts Chart Competitors Dividend Earnings Headlines

Get Definity Financial alerts:

Definity Financial MarketRank™ Stock Analysis

Analyst Rating: Moderate Buy
2.63 Rating Score
Upside/Downside: 6.8% Upside
C$47.30 Price Target
Short Interest: N/A
Dividend Strength: Weak
Based on Four Factors
Sustainability: N/A
News Sentiment: 0.79
Based on 9 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: N/A

Overall MarketRank^™

New Rank-Based ScoringMarketRank^™ is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

1.89 out of 5 stars

2.3

Analyst's Opinion

Consensus Rating
Definity Financial has received a consensus rating of Moderate Buy. The company's average rating score is 2.63, and is based on 5 buy ratings, 3 hold ratings, and no sell ratings.
Amount of Analyst Coverage
Definity Financial has been the subject of 8 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

N/A

Short Interest

Short Interest
There is no current short interest data available for DFY.

1.7

Dividend Strength

Dividend Yield
Definity Financial pays a meaningful dividend of 1.43%, higher than the bottom 25% of all stocks that pay dividends.
Dividend Growth
Definity Financial does not have a long track record of dividend growth.
Dividend Coverage
The dividend payout ratio of Definity Financial is 21.33%. This payout ratio is at a healthy, sustainable level, below 75%.

N/A

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
There is no current Upright™ data available for DFY.

3.2

News and Social Media Coverage

News Sentiment
Definity Financial has a news sentiment score of 0.79. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a higher news sentiment than the 0.54 average news sentiment score of Financial Services companies.
News Coverage This Week
MarketBeat has tracked 9 news articles for Definity Financial this week, compared to 1 article on an average week.
Search Interest
1 people have searched for DFY on MarketBeat in the last 30 days.

1.7

Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Definity Financial insiders have not sold or bought any company stock.
Percentage Held by Insiders
Only 0.47% of the stock of Definity Financial is held by insiders.
Percentage Held by Institutions
61.73% of the stock of Definity Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

1.3

Earnings and Valuation

Price to Earnings Ratio vs. the Market
The P/E ratio of Definity Financial is 14.77, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 130.14.
Price to Earnings Ratio vs. Sector
The P/E ratio of Definity Financial is 14.77, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 456.54.
Price to Earnings Growth Ratio
Definity Financial has a PEG Ratio of 2.63. PEG Ratios above 1 indicate that a company could be overvalued.
Price to Book Value per Share Ratio
Definity Financial has a P/B Ratio of 1.79. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

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About Definity Financial Stock (TSE:DFY)

Definity Financial Corporation, together with its subsidiaries, offers property and casualty insurance products in Canada. It provides personal insurance products, including auto, property, general and umbrella liability, and pet insurance products to individuals under the Economical, Sonnet, Family, Petsecure, and Peppermint brands; and commercial insurance products, which include fleet, commercial auto, property, liability, and specialty insurance products to businesses under the Definity Insurance and Economical brand name. The company distributes its products on a primarily intermediated basis, and through brokers, as well as directly to customers. It markets its commercial insurance products to small businesses and mid-market companies, as well as various targeted segments. The company was formerly known as Economical Holdings Corporation and changed its name to Definity Financial Corporation in August 2021. Definity Financial Corporation was founded in 1871 and is headquartered in Waterloo, Canada.

DFY Stock Price History

30 days | 90 days | 365 days | Advanced Chart

DFY Stock News Headlines

April 17, 2024 | americanbankingnews.com

Definity Financial (TSE:DFY) Price Target Raised to C$47.00 at CIBC

April 17, 2024 | americanbankingnews.com

Definity Financial (TSE:DFY) Price Target Raised to C$45.00 at Desjardins

April 20, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

April 17, 2024 | americanbankingnews.com

Definity Financial Co. (TSE:DFY) Forecasted to Post Q1 2024 Earnings of $0.70 Per Share

April 12, 2024 | americanbankingnews.com

Definity Financial Co. (TSE:DFY) Receives Consensus Rating of "Moderate Buy" from Analysts

April 10, 2024 | americanbankingnews.com

Definity Financial (TSE:DFY) Trading Up 0.3%

April 7, 2024 | finance.yahoo.com

Institutions own 30% of Definity Financial Corporation (TSE:DFY) shares but retail investors control 59% of the company

March 19, 2024 | uk.finance.yahoo.com

DEFINITY FINL CORP (DFYFF)

April 20, 2024 | DTI (Ad)

Biden’s $374B Giveaway Into This Sector

Biden’s Climate Bill Could Send Your Retirement Accounts Soaring – Or Diving See what this $374B giveaway could mean for your retirement right here

March 11, 2024 | finance.yahoo.com

SWISS RE ACQUIRES COMMON SHARES OF DEFINITY FINANCIAL CORPORATION

February 19, 2024 | finance.yahoo.com

Definity Financial (TSE:DFY) Is Paying Out A Larger Dividend Than Last Year

February 17, 2024 | finance.yahoo.com

Here's Why We Think Definity Financial (TSE:DFY) Might Deserve Your Attention Today

February 16, 2024 | msn.com

Bitfarms, Celestica, Definity at 52-Week Highs on News

February 16, 2024 | finance.yahoo.com

Definity Financial Corporation Chief Executive Officer Rowan Saunders to hold virtual fireside chat with CIBC Capital Markets

February 8, 2024 | benzinga.com

Definity Financial Stock (OTC:DFYFF) Dividends: History, Yield and Dates

February 1, 2024 | finance.yahoo.com

Definity Financial Corporation to announce fourth quarter and full year 2023 results on February 15, 2024 and hold its earnings conference call the following day

December 12, 2023 | finance.yahoo.com

DEFINITY FINANCIAL CORPORATION ANNOUNCES CONTINUANCE TO CANADA BUSINESS CORPORATIONS ACT

November 13, 2023 | finance.yahoo.com

Definity Financial Corporation Chief Executive Officer Rowan Saunders to hold virtual fireside chat with National Bank Financial

October 26, 2023 | finance.yahoo.com

Definity Financial Corporation to announce third quarter 2023 results on November 9, 2023 and hold its earnings conference call the following day

October 18, 2023 | markets.businessinsider.com

Desjardins Maintains Their Hold Rating on Definity Financial Corp. (DFY)

October 6, 2023 | markets.businessinsider.com

Scotiabank Reaffirms Their Buy Rating on Definity Financial Corp. (DFY)

October 5, 2023 | finance.yahoo.com

DEFINITY RELEASES ESTIMATE OF FINANCIAL IMPACT FROM CATASTROPHE LOSSES FOR THE THIRD QUARTER OF 2023

October 3, 2023 | finance.yahoo.com

DEFINITY AND MCDOUGALL COMPLETE DRAYDEN ACQUISITION

September 27, 2023 | finance.yahoo.com

DEFINITY FINANCIAL CORPORATION ANNOUNCES $900,000 PARTNERSHIP RENEWAL WITH THE CANADIAN RED CROSS IN SUPPORT OF EMERGENCY PREPAREDNESS

September 6, 2023 | markets.businessinsider.com

BMO Capital Issues a Hold Rating on Definity Financial Corp. (DFY)

September 5, 2023 | finance.yahoo.com

DEFINITY LAUNCHES SONNET SHIFT: A NEW USAGE-BASED INSURANCE OFFERING GIVING CUSTOMERS CONTROL OF THEIR PREMIUMS

September 5, 2023 | finance.yahoo.com

DEFINITY RELEASES ESTIMATE OF FINANCIAL IMPACT FROM CATASTROPHE LOSSES

See More Headlines

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Company Calendar

Last Earnings: 2/15/2024
Ex-Dividend for 3/28 Dividend: 3/14/2024
Dividend Payable: 3/28/2024
Today: 4/20/2024
Next Earnings (Estimated): 5/09/2024

Get Stock Alerts

Industry, Sector and Symbol

Stock Exchange: TSE
Sector: Financial Services
Industry: Insurance - Property & Casualty
Sub-Industry: N/A
Current Symbol: TSE:DFY
CUSIP: N/A
CIK: N/A
Web: www.definityfc.com
Phone: 519-570-8200
Fax: N/A
Employees: 3,442
Year Founded: N/A

Price Target and Rating

Average Stock Price Target: C$47.30
High Stock Price Target: C$59.00
Low Stock Price Target: C$42.00
Potential Upside/Downside: +6.8%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.63
Research Coverage: 8 Analysts

Profitability

EPS (Most Recent Fiscal Year): C$3.00
Trailing P/E Ratio: 14.77
Forward P/E Ratio: 15.87
P/E Growth: 2.63
Net Income: C$350.10 million
Net Margins: 9.06%
Pretax Margin: N/A
Return on Equity: 12.52%
Return on Assets: 4.29%

Debt

Debt-to-Equity Ratio: 4.99
Current Ratio: 4.68
Quick Ratio: 0.31

Sales & Book Value

Annual Sales: C$3.86 billion
Price / Sales: 1.33
Cash Flow: C$3.60 per share
Price / Cash Flow: 12.31
Book Value: C$24.78 per share
Price / Book: 1.79

Miscellaneous

Outstanding Shares: 115,900,000
Free Float: N/A
Market Cap: C$5.13 billion
Optionable: Not Optionable
Beta: 0.08

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Key Executives

Mr. Rowan Saunders B.A. (Age 60)
CEO, President & Director
Comp: $3.45M
Mr. Philip Mather B.Sc. (Age 49)
B.Sc. (Hons), C.A., CA, Executive VP & CFO
Comp: $2.01M
Mr. Innes Fraser Dey B.Sc. (Hons) (Age 55)
LL.B, Senior Vice-President of Legal & Strategy
Comp: $1.26M
Mr. Fabian Richenberger (Age 57)
Executive Vice-President of Commercial Insurance & Insurance Operations
Comp: $2.18M
Mr. Paul MacDonald (Age 50)
Executive Vice President of Personal Insurance & Digital Channels
Comp: $1.78M
Ms. Tatjana Lalkovic (Age 56)
Senior VP & CTO
Mr. Dennis Westfall MBA
Head of Investor Relations
Ms. Sarah Attwells
Assistant Vice President of Corporate Affairs
Ms. Brigid V. Pelino (Age 60)
Senior VP and Chief People & Culture Officer
Mr. Liam McFarlane (Age 61)
Chief Risk & Actuarial Officer

Key Competitors

View All Competitors

DFY Stock Analysis - Frequently Asked Questions

Should I buy or sell Definity Financial stock right now?: 8 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Definity Financial in the last twelve months. There are currently 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" DFY shares.
View DFY analyst ratings or view top-rated stocks.
What is Definity Financial's stock price target for 2024?: 8 Wall Street analysts have issued 12-month price objectives for Definity Financial's stock. Their DFY share price targets range from C$42.00 to C$59.00. On average, they predict the company's stock price to reach C$47.30 in the next year. This suggests a possible upside of 6.8% from the stock's current price.
View analysts price targets for DFY or view top-rated stocks among Wall Street analysts.
How have DFY shares performed in 2024?: Definity Financial's stock was trading at C$37.54 at the start of the year. Since then, DFY shares have increased by 18.0% and is now trading at C$44.30.
View the best growth stocks for 2024 here.
When is Definity Financial's next earnings date?: The company is scheduled to release its next quarterly earnings announcement on Thursday, May 9th 2024.
View our DFY earnings forecast.

How were Definity Financial's earnings last quarter?: Definity Financial Co. (TSE:DFY) posted its quarterly earnings data on Thursday, February, 15th. The company reported $0.86 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.12. The company earned $1 billion during the quarter. Definity Financial had a net margin of 9.06% and a trailing twelve-month return on equity of 12.52%.
How often does Definity Financial pay dividends? What is the dividend yield for Definity Financial?: Definity Financial announced a quarterly dividend on Thursday, February 15th. Shareholders of record on Friday, March 15th will be paid a dividend of 0.16 per share on Thursday, March 28th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.44%. The ex-dividend date of this dividend is Thursday, March 14th. This is a boost from the stock's previous quarterly dividend of C$0.14.
Read our dividend analysis for DFY.
Is Definity Financial a good dividend stock?: Definity Financial (TSE:DFY) pays an annual dividend of C$0.64 per share and currently has a dividend yield of 1.43%. The dividend payout ratio is 21.33%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for DFY.
How do I buy shares of Definity Financial?: Shares of DFY stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:DFY) was last updated on 4/20/2024 by MarketBeat.com Staff

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Definity Financial (DFY) Stock Price, News & Analysis

Definity Financial MarketRank™ Stock Analysis

Overall MarketRank™

Analyst's Opinion

Short Interest

Short Interest

Dividend Strength

Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

Company Ownership

Earnings and Valuation

About Definity Financial Stock (TSE:DFY)

DFY Stock Price History

DFY Stock News Headlines

Company Calendar

Industry, Sector and Symbol

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Key Executives

Key Competitors

DFY Stock Analysis - Frequently Asked Questions

Overall MarketRank^™