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

Definity Financial Co. (TSE:DFY) has earned an average rating of “Hold” from the seven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is C$76.50.

A number of research firms have weighed in on DFY. Barclays upgraded Definity Financial to a “hold” rating in a research note on Tuesday, September 30th. TD Securities upgraded Definity Financial from a “hold” rating to a “buy” rating and increased their price objective for the company from C$74.00 to C$80.00 in a report on Friday, November 7th. BMO Capital Markets raised their target price on Definity Financial from C$68.00 to C$73.00 in a research report on Monday, November 10th. National Bankshares boosted their target price on Definity Financial from C$92.00 to C$93.00 in a research note on Monday, November 10th. Finally, Desjardins lowered their price target on Definity Financial from C$80.00 to C$70.00 and set a “hold” rating for the company in a report on Friday, October 24th.

Definity Financial Stock Down 0.6%

Shares of Definity Financial stock opened at C$76.00 on Friday. Definity Financial has a 52-week low of C$53.26 and a 52-week high of C$79.95. The company has a market capitalization of C$9.11 billion, a P/E ratio of 18.77, a P/E/G ratio of 2.63 and a beta of -0.09. The company has a 50 day moving average of C$70.44 and a 200 day moving average of C$72.62.

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

Insider Activity

In related news, insider Craig Edward David Richardson sold 1,881 shares of the stock in a transaction on Friday, November 21st. The shares were sold at an average price of C$70.80, for a total value of C$133,174.80. Following the transaction, the insider directly owned 7 shares of the company’s stock, valued at C$495.60. This trade represents a 99.63% decrease in their position. Insiders own 0.50% of the company’s stock.

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.