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

Shares of Definity Financial Co. (TSE:DFY) have earned an average recommendation of “Hold” from the seven analysts that are currently covering the company, MarketBeat.com reports. Five equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$76.50.

Several research analysts have recently commented on the stock. National Bankshares 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. CIBC reduced their target price on shares of Definity Financial from C$80.00 to C$74.00 and set a “neutral” rating on the stock in a report on Thursday, October 23rd. Barclays raised shares of Definity Financial to a “hold” rating in a research report on Tuesday, September 30th. BMO Capital Markets upped their price objective on Definity Financial from C$68.00 to C$73.00 in a research report on Monday, November 10th. Finally, Scotiabank increased their price objective on Definity Financial from C$92.00 to C$93.00 in a research note on Friday, November 7th.

Insider Transactions at Definity Financial

In other news, insider Craig Edward David Richardson sold 1,881 shares of Definity Financial stock in a transaction dated 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 transaction, the insider owned 7 shares in the company, valued at approximately C$495.60. This trade represents a 99.63% decrease in their position. 0.50% of the stock is owned by corporate insiders.

Definity Financial Trading Down 0.5%

DFY stock opened at C$75.93 on Friday. The business’s fifty day moving average price is C$71.28 and its 200 day moving average price is C$72.64. Definity Financial has a 12-month low of C$53.26 and a 12-month high of C$79.95. The company has a market capitalization of C$9.10 billion, a PE ratio of 18.75, a P/E/G ratio of 2.63 and a beta of -0.09.

Definity Financial (TSE:DFY) last announced its earnings results 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%. Research analysts predict that Definity Financial 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.