Definity Financial Co. (TSE:DFY) Receives Average Recommendation of “Moderate Buy” from Analysts

Definity Financial Co. (TSE:DFY) has been assigned an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is C$47.70.

DFY has been the topic of several research reports. Scotiabank upped their price target on shares of Definity Financial from C$49.00 to C$51.00 and gave the company an “outperform” rating in a research note on Friday, April 26th. Raymond James raised their target price on shares of Definity Financial from C$42.00 to C$46.00 and gave the stock a “market perform” rating in a report on Friday, February 16th. BMO Capital Markets lifted their price target on shares of Definity Financial from C$40.00 to C$44.00 and gave the company a “market perform” rating in a research report on Tuesday, February 20th. TD Securities increased their price target on Definity Financial from C$45.00 to C$49.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Finally, Desjardins lifted their price objective on Definity Financial from C$44.00 to C$45.00 and gave the company a “hold” rating in a report on Tuesday, April 16th.

Definity Financial Trading Up 0.7 %

Shares of Definity Financial stock opened at C$46.35 on Tuesday. Definity Financial has a 1 year low of C$32.09 and a 1 year high of C$47.50. The company has a market capitalization of C$5.37 billion, a price-to-earnings ratio of 15.45, a P/E/G ratio of 2.63 and a beta of 0.08. The business has a fifty day simple moving average of C$44.90 and a two-hundred day simple moving average of C$40.46. The company has a debt-to-equity ratio of 4.99, a current ratio of 4.68 and a quick ratio of 0.31.

Definity Financial (TSE:DFY) last announced its earnings results on Thursday, February 15th. The company reported C$0.86 EPS for the quarter, topping the consensus estimate of C$0.74 by C$0.12. The business had revenue of C$1 billion during the quarter. Definity Financial had a net margin of 9.06% and a return on equity of 12.52%. Research analysts forecast that Definity Financial will post 2.7913715 EPS for the current year.

Definity Financial Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, March 14th. This is an increase from Definity Financial’s previous quarterly dividend of $0.14. This represents a $0.64 annualized dividend and a yield of 1.38%. Definity Financial’s dividend payout ratio (DPR) is currently 21.33%.

About Definity Financial

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.