Craig Edward David Richardson Sells 1,881 Shares of Definity Financial (TSE:DFY) Stock

Definity Financial Co. (TSE:DFY) insider Craig Edward David Richardson sold 1,881 shares of the firm’s stock in a transaction on Friday, November 21st. The shares were sold at an average price of C$70.80, for a total value of C$133,174.80. Following the transaction, the insider owned 7 shares in the company, valued at approximately C$495.60. This trade represents a 99.63% decrease in their ownership of the stock.

Definity Financial Stock Performance

TSE:DFY traded down C$0.52 on Monday, hitting C$71.42. The stock had a trading volume of 114,549 shares, compared to its average volume of 173,346. Definity Financial Co. has a 1 year low of C$53.26 and a 1 year high of C$79.95. The firm’s fifty day simple moving average is C$69.14 and its two-hundred day simple moving average is C$72.11. The stock has a market cap of C$8.56 billion, a P/E ratio of 17.63, a price-to-earnings-growth ratio of 2.63 and a beta of -0.15.

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

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on DFY. National Bankshares boosted their price target on shares of Definity Financial from C$92.00 to C$93.00 in a report on Monday, November 10th. BMO Capital Markets lifted their price objective on shares of Definity Financial from C$68.00 to C$73.00 in a research report on Monday, November 10th. Scotiabank increased their target price on shares of Definity Financial from C$92.00 to C$93.00 in a research report on Friday, November 7th. CIBC decreased their price target on shares of 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. Finally, Barclays raised shares of Definity Financial to a “hold” rating in a report on Tuesday, September 30th. Two equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of C$76.50.

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.