Definity Financial Co. (TSE:DFY) Receives C$80.20 Average Target Price from Analysts

Shares of Definity Financial Co. (TSE:DFY) have been given a consensus rating of “Moderate Buy” by the eight brokerages that are currently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is C$80.20.

Several research analysts have recently issued reports on the company. Barclays increased their price target on Definity Financial from C$78.00 to C$79.00 in a research note on Friday, May 8th. Canadian Imperial Bank of Commerce lifted their price objective on shares of Definity Financial from C$74.00 to C$84.00 in a research note on Tuesday, July 14th. National Bank Financial upped their price objective on shares of Definity Financial from C$93.00 to C$94.00 in a report on Wednesday, April 29th. TD raised their target price on shares of Definity Financial from C$85.00 to C$86.00 and gave the company a “buy” rating in a research note on Friday, May 8th. Finally, Desjardins dropped their price target on shares of Definity Financial from C$75.00 to C$73.00 and set a “hold” rating on the stock in a research report on Monday, April 27th.

Insider Activity at Definity Financial

In related news, insider Brigid V. Pelino sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of C$72.00, for a total transaction of C$360,000.00. Following the transaction, the insider owned 74,109 shares in the company, valued at C$5,335,848. This trade represents a 6.32% decrease in their ownership of the stock. 0.50% of the stock is owned by corporate insiders.

Definity Financial Stock Performance

DFY opened at C$78.28 on Thursday. The business’s 50 day moving average is C$71.66 and its 200-day moving average is C$69.61. The stock has a market cap of C$9.41 billion, a PE ratio of 24.16, a price-to-earnings-growth ratio of 2.63 and a beta of -0.05. The company has a current ratio of 1.25, a quick ratio of 0.31 and a debt-to-equity ratio of 43.41. Definity Financial has a twelve month low of C$61.87 and a twelve month high of C$79.92.

Definity Financial (TSE:DFY) last issued its quarterly earnings data on Thursday, May 7th. The company reported C$0.97 earnings per share (EPS) for the quarter. Definity Financial had a return on equity of 9.82% and a net margin of 6.94%.The business had revenue of C$1.92 billion during the quarter. On average, analysts predict that Definity Financial will post 3.1263962 earnings per share for the current year.

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.