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

Shares of Definity Financial Co. (TSE:DFY) have received an average rating of “Hold” from the seven brokerages that are currently covering the stock, Marketbeat.com reports. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$76.50.

Several analysts recently commented on DFY shares. Barclays upgraded shares of Definity Financial to a “hold” rating in a research note on Tuesday, September 30th. CIBC lowered their price target on Definity Financial from C$80.00 to C$74.00 and set a “neutral” rating on the stock in a report on Thursday, October 23rd. Scotiabank raised their price objective on Definity Financial from C$92.00 to C$93.00 in a research note on Friday, November 7th. National Bankshares boosted their target price on Definity Financial from C$92.00 to C$93.00 in a research report on Monday, November 10th. Finally, Desjardins lowered their target price on Definity Financial from C$80.00 to C$70.00 and set a “hold” rating on the stock in a report on Friday, October 24th.

Definity Financial Price Performance

Shares of DFY stock opened at C$70.90 on Wednesday. The business’s fifty day moving average price is C$68.95 and its 200 day moving average price is C$72.40. The firm has a market capitalization of C$8.50 billion, a PE ratio of 17.51, a P/E/G ratio of 2.63 and a beta of -0.15. Definity Financial has a 1-year low of C$53.26 and a 1-year high of C$79.95.

Definity Financial (TSE:DFY) last issued its earnings results on Thursday, November 6th. The company reported C$1.59 EPS for the quarter. Definity Financial had a net margin of 12.32% and a return on equity of 18.19%. The company had revenue of C$1.56 billion for the quarter. Equities research analysts expect that Definity Financial will post 3.1263962 earnings per share for the current fiscal year.

Insider Transactions at Definity Financial

In other Definity Financial news, insider Liam Michael Mcfarlane sold 3,500 shares of the company’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of C$73.58, for a total value of C$257,530.00. Following the sale, the insider owned 7,669 shares of the company’s stock, valued at C$564,285.02. This represents a 31.34% decrease in their ownership of the stock. Also, insider Craig Edward David Richardson sold 1,881 shares of the stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of C$70.80, for a total transaction of C$133,174.80. Following the completion of the sale, the insider owned 7 shares in the company, valued at C$495.60. This represents a 99.63% decrease in their ownership of the stock. 0.50% of the stock is currently owned by corporate 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.