Definity Financial Co. (TSE:DFY) Given Consensus Rating of “Hold” by Brokerages

Definity Financial Co. (TSE:DFY) has been given a consensus rating of “Hold” by the eleven brokerages that are currently covering the firm, Marketbeat Ratings reports. Nine analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is C$54.70.

Several equities analysts have recently weighed in on the stock. TD Securities increased their price objective on shares of Definity Financial from C$58.00 to C$59.00 and gave the stock a “hold” rating in a research note on Friday, November 8th. Cormark downgraded shares of Definity Financial from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, October 30th. Scotiabank downgraded Definity Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th. BMO Capital Markets upped their price target on Definity Financial from C$53.00 to C$57.00 in a research report on Monday, November 11th. Finally, National Bankshares lifted their price objective on Definity Financial from C$62.00 to C$65.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th.

Definity Financial Stock Down 1.2 %

DFY opened at C$57.74 on Wednesday. Definity Financial has a twelve month low of C$35.48 and a twelve month high of C$60.78. The company has a quick ratio of 0.31, a current ratio of 7.68 and a debt-to-equity ratio of 6.38. The firm has a 50 day moving average price of C$56.35 and a 200-day moving average price of C$50.80. The stock has a market capitalization of C$6.63 billion, a price-to-earnings ratio of 17.44, a PEG ratio of 2.63 and a beta of 0.04.

Definity Financial (TSE:DFY) last announced its earnings results on Thursday, November 7th. The company reported C$0.13 earnings per share for the quarter, beating analysts’ consensus estimates of C($0.04) by C$0.17. The business had revenue of C$1.10 billion during the quarter, compared to analyst estimates of C$1.10 billion. Definity Financial had a net margin of 9.60% and a return on equity of 13.00%. Equities research analysts forecast that Definity Financial will post 3.1263962 earnings per share for the current year.

Definity Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.64 annualized dividend and a dividend yield of 1.11%. Definity Financial’s dividend payout ratio (DPR) is 19.34%.

Definity Financial Company Profile

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.