Definity Financial (TSE:DFY) Given a C$88.00 Price Target at Jefferies Financial Group

Jefferies Financial Group set a C$88.00 price objective on Definity Financial (TSE:DFY) in a research report sent to investors on Wednesday morning,BayStreet.CA reports. The firm currently has a buy rating on the stock.

Other equities analysts have also recently issued reports about the stock. Barclays raised shares of Definity Financial to a “hold” rating in a research note on Tuesday, September 30th. National Bankshares boosted their price target on shares of Definity Financial from C$92.00 to C$93.00 in a research note on Monday, November 10th. Desjardins cut their price target on shares of 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. TD Securities raised Definity Financial from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$74.00 to C$80.00 in a report on Friday, November 7th. Finally, Scotiabank boosted their target price on Definity Financial from C$92.00 to C$93.00 in a research report on Friday, November 7th. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of C$79.50.

Definity Financial Stock Up 4.8%

DFY opened at C$76.94 on Wednesday. Definity Financial has a 52 week low of C$53.26 and a 52 week high of C$79.95. The business has a 50 day moving average price of C$72.04 and a two-hundred day moving average price of C$72.58. The company has a market cap of C$9.23 billion, a PE ratio of 19.00, a P/E/G ratio of 2.63 and a beta of -0.18.

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

Insider Activity

In other news, 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 value of C$133,174.80. Following the sale, the insider directly 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 owned by company 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.