Definity Financial Co. (TSE:DFY) Stock Has Average Price Target of C$83.08

Definity Financial Co. (TSE:DFY) has earned a consensus recommendation of “Moderate Buy” from the nine ratings firms that are presently covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$82.75.

DFY has been the subject of a number of recent research reports. Scotia dropped their target price on Definity Financial from C$84.00 to C$83.00 and set a “sector perform” rating for the company in a report on Wednesday, October 7th. Canadian Imperial Bank of Commerce boosted their price target on Definity Financial from C$74.00 to C$84.00 in a research note on Tuesday, July 14th. Raymond James Financial lowered their price target on Definity Financial from C$85.00 to C$84.00 and set a “market perform” rating on the stock in a research report on Friday, October 16th. Jefferies Financial Group upped their price target on Definity Financial from C$83.00 to C$91.00 and gave the company a “buy” rating in a research report on Monday, July 27th. Finally, RBC Dominion Securities dropped their price objective on Definity Financial from C$94.00 to C$87.00 and set an “outperform” rating for the company in a research note on Thursday, October 15th.

Insider Activity at Definity Financial

In other news, insider Innes Fraser Dey sold 4,800 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of C$81.00, for a total value of C$388,800.00. Following the sale, the insider owned 53,150 shares of the company’s stock, valued at approximately C$4,305,150. This represents a 8.28% decrease in their position. In the last 90 days, insiders have sold 13,638 shares of company stock valued at $1,101,345. 0.50% of the stock is currently owned by insiders.

Definity Financial Stock Performance

TSE:DFY opened at C$71.16 on Friday. Definity Financial has a 12-month low of C$61.87 and a 12-month high of C$82.59. The company has a quick ratio of 0.31, a current ratio of 1.35 and a debt-to-equity ratio of 37.12. The firm has a market capitalization of C$8.55 billion, a PE ratio of 18.48, a price-to-earnings-growth ratio of 2.63 and a beta of 0.10. The firm has a 50-day moving average price of C$71.35 and a 200 day moving average price of C$70.81.

Definity Financial (TSE:DFY) last released its quarterly earnings data on Thursday, July 30th. The company reported C$0.97 earnings per share for the quarter. Definity Financial had a return on equity of 11.45% and a net margin of 7.22%. The company had revenue of C$2.05 billion for the quarter. Research analysts anticipate that Definity Financial will post 3.13 earnings per share 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.