National Bank Financial Issues Positive Forecast for Definity Financial (TSE:DFY) Stock Price

Definity Financial (TSE:DFY) had its target price increased by National Bank Financial from C$94.00 to C$96.00 in a research note issued to investors on Monday,BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other analysts have also issued reports on the stock. Desjardins decreased their target price 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. Jefferies Financial Group boosted their price target on Definity Financial from C$76.00 to C$81.00 in a report on Monday, May 4th. TD boosted their price target on Definity Financial from C$85.00 to C$86.00 and gave the company a “buy” rating in a report on Friday, May 8th. Barclays increased their price target on Definity Financial from C$78.00 to C$79.00 in a research note on Friday, May 8th. Finally, Canadian Imperial Bank of Commerce raised their price objective on Definity Financial from C$74.00 to C$84.00 in a report on Tuesday, July 14th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$81.40.

Definity Financial Price Performance

TSE:DFY opened at C$80.62 on Monday. The firm has a market cap of C$9.69 billion, a price-to-earnings ratio of 24.88, 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. The company’s 50-day moving average is C$73.13 and its two-hundred day moving average is C$69.72. Definity Financial has a 12-month low of C$61.87 and a 12-month high of C$80.95.

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

Insider Activity

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 value of C$360,000.00. Following the sale, the insider directly owned 74,109 shares of the company’s stock, valued at approximately C$5,335,848. This trade represents a 6.32% decrease in their ownership of the stock. Corporate 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.