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

Definity Financial Co. (TSE:DFY) has been given a consensus rating of “Hold” by the eight research firms that are currently covering the stock, MarketBeat reports. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is C$79.55.

A number of research firms have issued reports on DFY. CIBC cut their price target on Definity Financial from C$80.00 to C$74.00 and set a “neutral” rating for the company in a research note on Thursday, October 23rd. Desjardins lowered their price objective on shares of Definity Financial from C$80.00 to C$70.00 and set a “hold” rating on the stock in a research note on Friday, October 24th. Jefferies Financial Group set a C$88.00 price objective on shares of Definity Financial and gave the stock a “buy” rating in a report on Wednesday, January 7th. BMO Capital Markets upped their target price on shares of Definity Financial from C$68.00 to C$73.00 in a report on Monday, November 10th. Finally, Scotiabank increased their price target on shares of Definity Financial from C$92.00 to C$93.00 in a research report on Friday, November 7th.

Insider Activity at Definity Financial

In other news, insider Craig Edward David Richardson sold 1,881 shares of the company’s stock in a transaction on 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 completion of the sale, the insider directly owned 7 shares in the company, valued at C$495.60. This represents a 99.63% decrease in their position. 0.50% of the stock is owned by company insiders.

Definity Financial Price Performance

TSE DFY opened at C$72.23 on Thursday. The business’s fifty day moving average price is C$73.48 and its 200-day moving average price is C$72.35. The stock has a market capitalization of C$8.66 billion, a price-to-earnings ratio of 17.83, a PEG ratio of 2.63 and a beta of -0.18. Definity Financial has a 1-year low of C$55.27 and a 1-year high of C$79.95.

Definity Financial (TSE:DFY) last issued its quarterly earnings data on Thursday, November 6th. The company reported C$1.59 EPS for the quarter. The company had revenue of C$1.56 billion during the quarter. Definity Financial had a return on equity of 18.19% and a net margin of 12.32%. Equities research analysts anticipate that Definity Financial will post 3.1263962 EPS 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.