Definity Financial Co. (TSE:DFY) Receives C$83.40 Consensus Target Price from Analysts

Definity Financial Co. (TSE:DFY) has been given a consensus recommendation of “Moderate Buy” by the eight brokerages that are presently covering the firm, MarketBeat reports. Four investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is C$83.40.

Several research analysts recently issued reports on the company. TD lifted their target price on Definity Financial from C$89.00 to C$93.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Desjardins dropped their price objective on 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. Barclays lifted their price objective on shares of Definity Financial from C$78.00 to C$79.00 in a report on Friday, May 8th. Jefferies Financial Group upped their target price on shares of Definity Financial from C$83.00 to C$91.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. Finally, Canadian Imperial Bank of Commerce raised their price target on shares of Definity Financial from C$74.00 to C$84.00 in a research report on Tuesday, July 14th.

Definity Financial Trading Down 1.1%

DFY opened at C$78.20 on Monday. The company has a fifty day moving average price of C$76.22 and a two-hundred day moving average price of C$70.16. Definity Financial has a 1-year low of C$61.87 and a 1-year high of C$82.59. The company has a market cap of C$9.40 billion, a P/E ratio of 20.31, a price-to-earnings-growth ratio of 2.63 and a beta of -0.02. The company has a current ratio of 1.35, a quick ratio of 0.31 and a debt-to-equity ratio of 37.12.

Definity Financial (TSE:DFY) last issued its earnings results on Thursday, July 30th. The company reported C$0.97 EPS for the quarter. Definity Financial had a return on equity of 11.45% and a net margin of 7.22%.The business had revenue of C$2.05 billion during the quarter. Analysts predict that Definity Financial will post 3.1263962 EPS for the current fiscal year.

Insiders Place Their Bets

In other Definity Financial news, insider Innes Fraser Dey sold 4,800 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of C$81.00, for a total value of C$388,800.00. Following the transaction, the insider owned 53,150 shares of the company’s stock, valued at approximately C$4,305,150. The trade was a 8.28% decrease in their ownership of the stock. Also, insider Brigid V. Pelino sold 5,000 shares of the company’s stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of C$72.00, for a total value of C$360,000.00. Following the completion of the transaction, the insider owned 74,109 shares of the company’s stock, valued at C$5,335,848. This trade represents a 6.32% decrease in their position. Insiders have sold 18,638 shares of company stock worth $1,461,345 over the last quarter. 0.50% of the stock is currently owned by corporate insiders.

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.