Definity Financial (TSE:DFY) Price Target Raised to C$91.00 at Jefferies Financial Group

Definity Financial (TSE:DFY) had its price target boosted by Jefferies Financial Group from C$83.00 to C$91.00 in a research note released on Monday,BayStreet.CA reports. Jefferies Financial Group currently has a buy rating on the stock.

Other equities analysts have also issued reports about the stock. 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 note on Monday, April 27th. TD boosted their price objective on shares of Definity Financial from C$85.00 to C$86.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Canadian Imperial Bank of Commerce upped their target price on shares of Definity Financial from C$74.00 to C$84.00 in a report on Tuesday, July 14th. National Bank Financial increased their target price on shares of Definity Financial from C$94.00 to C$96.00 and gave the company an “outperform” rating in a research report on Monday. Finally, Barclays lifted their price target on shares of Definity Financial from C$78.00 to C$79.00 in a research note on Friday, May 8th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of C$81.40.

Definity Financial Stock Up 1.7%

DFY stock opened at C$80.62 on Monday. The company’s 50 day moving average price is C$73.13 and its 200 day moving average price is C$69.72. The company has a debt-to-equity ratio of 43.41, a quick ratio of 0.31 and a current ratio of 1.25. Definity Financial has a fifty-two week low of C$61.87 and a fifty-two week high of C$80.95. The firm has a market capitalization of C$9.69 billion, a price-to-earnings ratio of 24.88, a PEG ratio of 2.63 and a beta of -0.05.

Definity Financial (TSE:DFY) last released 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, equities research analysts anticipate that Definity Financial will post 3.1263962 EPS for the current fiscal year.

Insider Transactions at Definity Financial

In related news, insider Brigid V. Pelino sold 5,000 shares of the business’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of C$72.00, for a total value of C$360,000.00. Following the transaction, the insider owned 74,109 shares in the company, valued at C$5,335,848. The trade was a 6.32% decrease in their position. 0.50% of the stock is owned by company insiders.

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.