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

Shares of Definity Financial Co. (TSE:DFY) have been given an average rating of “Hold” by the eight research firms that are currently covering the stock, Marketbeat reports. Five research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$78.27.

A number of equities research analysts have recently issued reports on DFY shares. Desjardins lowered their target price on Definity Financial from C$80.00 to C$70.00 and set a “hold” rating for the company in a research note on Friday, October 24th. Canadian Imperial Bank of Commerce lowered their price objective on shares of Definity Financial from C$80.00 to C$74.00 and set a “neutral” rating for the company in a research report on Thursday, October 23rd. National Bank Financial lifted their price objective on shares of Definity Financial from C$92.00 to C$93.00 in a research note on Monday, November 10th. Barclays upped their target price on shares of Definity Financial from C$80.00 to C$81.00 and gave the company an “equal weight” rating in a research note on Friday. Finally, TD Securities raised shares of Definity Financial from a “hold” rating to a “buy” rating and lifted their price target for the stock from C$74.00 to C$80.00 in a research note on Friday, November 7th.

Definity Financial Trading Up 2.0%

Shares of DFY stock opened at C$67.85 on Monday. The company has a market cap of C$8.14 billion, a PE ratio of 19.33, a P/E/G ratio of 2.63 and a beta of -0.16. The company’s fifty day simple moving average is C$72.43 and its 200-day simple moving average is C$71.18. Definity Financial has a 52 week low of C$57.25 and a 52 week high of C$79.95.

Definity Financial (TSE:DFY) last announced its quarterly earnings results on Thursday, February 12th. The company reported C$0.99 earnings per share (EPS) for the quarter. The firm had revenue of C$1.10 billion during the quarter. Definity Financial had a return on equity of 18.19% and a net margin of 12.32%. Equities research analysts expect that Definity Financial will post 3.1263962 EPS for the current fiscal year.

Insider Activity at Definity Financial

In related news, insider Craig Edward David Richardson sold 1,881 shares of the business’s stock in a transaction dated Friday, November 21st. The stock was sold at an average price of C$70.80, for a total value of C$133,174.80. Following the transaction, the insider owned 7 shares in the company, valued at approximately C$495.60. The trade was a 99.63% decrease in their ownership of the stock. Company insiders own 0.50% of the company’s stock.

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.