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 equities research analysts at Jefferies Financial Group from C$83.00 to C$91.00 in a research note issued on Monday,BayStreet.CA reports. The brokerage currently has a “buy” rating on the stock. Jefferies Financial Group’s price objective indicates a potential upside of 12.92% from the company’s current price.

DFY has been the topic of a number of other research reports. 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 report on Monday, April 27th. Barclays raised their target price on shares of Definity Financial from C$78.00 to C$79.00 in a research note on Friday, May 8th. Canadian Imperial Bank of Commerce lifted their target price on shares of Definity Financial from C$74.00 to C$84.00 in a report on Tuesday, July 14th. TD boosted their target price 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. Finally, National Bank Financial upped their price target on shares of Definity Financial from C$94.00 to C$96.00 and gave the company an “outperform” rating in a report on Monday. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of C$81.40.

Definity Financial Stock Up 1.6%

Shares of DFY traded up C$1.29 during trading hours on Monday, hitting C$80.59. 114,212 shares of the company were exchanged, compared to its average volume of 177,515. The company has a debt-to-equity ratio of 43.41, a quick ratio of 0.31 and a current ratio of 1.25. The company has a market cap of C$9.69 billion, a PE ratio of 24.87, a PEG ratio of 2.63 and a beta of -0.05. The firm’s 50 day moving average is C$72.87 and its 200-day moving average is C$69.66. Definity Financial has a 52 week low of C$61.87 and a 52 week high of C$80.95.

Definity Financial (TSE:DFY) last issued its quarterly earnings data on Thursday, May 7th. The company reported C$0.97 earnings per share for the quarter. The business had revenue of C$1.92 billion for the quarter. Definity Financial had a return on equity of 9.82% and a net margin of 6.94%. On average, equities research analysts forecast that Definity Financial will post 3.1263962 EPS for the current fiscal year.

Insiders Place Their Bets

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