Definity Financial (TSE:DFY – Free Report) had its target price lifted by National Bankshares from C$59.00 to C$60.00 in a research report sent to investors on Tuesday morning, BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.
Several other equities analysts also recently weighed in on the company. CIBC raised their target price on Definity Financial from C$46.00 to C$47.00 and gave the company an outperform rating in a research report on Tuesday, April 16th. Raymond James raised their price objective on Definity Financial from C$42.00 to C$46.00 and gave the company a market perform rating in a report on Friday, February 16th. TD Securities upped their target price on shares of Definity Financial from C$45.00 to C$49.00 and gave the stock a buy rating in a report on Friday, February 16th. Desjardins increased their target price on shares of Definity Financial from C$44.00 to C$45.00 and gave the company a hold rating in a research report on Tuesday, April 16th. Finally, Cormark boosted their price target on shares of Definity Financial from C$42.00 to C$43.00 in a research report on Friday, February 16th. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, Definity Financial currently has a consensus rating of Moderate Buy and a consensus target price of C$47.70.
Get Our Latest Stock Report on DFY
Definity Financial Stock Performance
Definity Financial (TSE:DFY – Get Free Report) last released its earnings results on Thursday, February 15th. The company reported C$0.86 EPS for the quarter, topping analysts’ consensus estimates of C$0.74 by C$0.12. The business had revenue of C$1 billion during the quarter. Definity Financial had a net margin of 9.06% and a return on equity of 12.52%. As a group, research analysts forecast that Definity Financial will post 2.7913715 earnings per share for the current fiscal year.
Definity Financial Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $0.16 dividend. The ex-dividend date was Thursday, March 14th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.39%. This is a positive change from Definity Financial’s previous quarterly dividend of $0.14. Definity Financial’s dividend payout ratio is currently 21.33%.
Definity Financial Company Profile
Definity Financial Corporation, together with its subsidiaries, offers property and casualty insurance products in Canada. It provides personal insurance products, including auto, property, general and umbrella liability, and pet insurance products to individuals under the Economical, Sonnet, Family, Petsecure, and Peppermint brands; and commercial insurance products, which include fleet, commercial auto, property, liability, and specialty insurance products to businesses under the Definity Insurance and Economical brand name.
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