Definity Financial (TSE:DFY) Shares Down 1.1% – Should You Sell?

Definity Financial Co. (TSE:DFY) traded down 1.1% during trading on Monday . The stock traded as low as C$65.17 and last traded at C$66.28. 150,005 shares changed hands during trading, a decline of 21% from the average session volume of 190,523 shares. The stock had previously closed at C$67.00.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on DFY shares. BMO Capital Markets upped their price target on shares of Definity Financial from C$68.00 to C$73.00 in a research note on Monday, November 10th. National Bank Financial raised their price objective on shares of Definity Financial from C$92.00 to C$93.00 in a research note on Monday, November 10th. Scotiabank boosted their price objective on shares of Definity Financial from C$65.00 to C$80.00 in a report on Friday, January 30th. Barclays upped their target price on shares of Definity Financial from C$80.00 to C$81.00 and gave the stock an “equal weight” rating in a research report on Friday, February 13th. Finally, Jefferies Financial Group set a C$88.00 target price on shares of Definity Financial and gave the company a “buy” rating in a report on Wednesday, January 7th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Definity Financial has a consensus rating of “Hold” and a consensus target price of C$79.80.

Definity Financial Stock Performance

The company has a debt-to-equity ratio of 28.76, a current ratio of 0.27 and a quick ratio of 0.31. The company has a market capitalization of C$7.95 billion, a PE ratio of 18.88, a P/E/G ratio of 2.63 and a beta of -0.03. The stock has a 50-day simple moving average of C$70.17 and a 200 day simple moving average of C$70.61.

Definity Financial (TSE:DFY) last announced its quarterly earnings results on Thursday, February 12th. The company reported C$0.99 earnings per share for the quarter. Definity Financial had a return on equity of 11.01% and a net margin of 8.58%.The business had revenue of C$1.10 billion during the quarter. Equities analysts anticipate that Definity Financial Co. will post 3.1263962 EPS for the current fiscal year.

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.