Definity Financial (TSE:DFY) Upgraded at Barclays

Barclays upgraded shares of Definity Financial (TSE:DFY) to a hold rating in a research note released on Tuesday,Zacks.com reports.

Other analysts have also recently issued research reports about the company. Desjardins raised Definity Financial to a “hold” rating in a research report on Wednesday, June 11th. Cormark raised Definity Financial from a “hold” rating to a “moderate buy” rating in a research report on Wednesday, June 11th. Royal Bank Of Canada raised shares of Definity Financial to a “moderate buy” rating and set a C$87.00 target price for the company in a research report on Wednesday, June 18th. Scotiabank raised their price target on shares of Definity Financial from C$65.00 to C$76.00 in a report on Wednesday, June 11th. Finally, Raymond James Financial upped their price objective on shares of Definity Financial from C$65.00 to C$74.00 and gave the stock a “market perform” rating in a report on Thursday, June 12th. One research analyst has rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of C$74.20.

Definity Financial Price Performance

DFY stock opened at C$70.25 on Tuesday. The firm has a market capitalization of C$8.34 billion, a P/E ratio of 21.10, a P/E/G ratio of 2.63 and a beta of -0.16. Definity Financial has a 52-week low of C$52.16 and a 52-week high of C$79.95. The company’s 50 day simple moving average is C$72.68 and its 200-day simple moving average is C$70.86.

Insider Activity

In related news, insider Liam Michael Mcfarlane sold 3,500 shares of the firm’s stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of C$73.58, for a total transaction of C$257,530.00. Following the sale, the insider owned 7,669 shares of the company’s stock, valued at approximately C$564,285.02. This trade represents a 31.34% decrease in their position. Also, Director Sonia Baxendale acquired 1,500 shares of the stock in a transaction dated Tuesday, August 26th. The shares were bought at an average cost of C$69.80 per share, with a total value of C$104,700.00. Following the transaction, the director directly owned 2,250 shares of the company’s stock, valued at C$157,050. This represents a 200.00% increase in their ownership of the stock. 0.50% of the stock is owned by corporate insiders.

About Definity Financial

Definity Financial Corp is a multi-channel, property, and casualty insurance company. It offers auto, property, liability, and pet insurance products to individual customers.