Definity Financial Co. (TSE:DFY) Receives Average Recommendation of “Hold” from Brokerages

Shares of Definity Financial Co. (TSE:DFY) have earned an average recommendation of “Hold” from the eight analysts that are currently covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have covered the stock in the last year is C$78.27.

A number of research firms have issued reports on DFY. National Bank Financial raised their target price on Definity Financial from C$92.00 to C$93.00 in a research note on Monday, November 10th. Desjardins dropped their price objective on shares of Definity Financial from C$80.00 to C$70.00 and set a “hold” rating on the stock in a report on Friday, October 24th. TD Securities upgraded shares of Definity Financial from a “hold” rating to a “buy” rating and lifted their price objective for the company from C$74.00 to C$80.00 in a research report on Friday, November 7th. Canadian Imperial Bank of Commerce reduced their target price 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, BMO Capital Markets upped their target price on shares of Definity Financial from C$68.00 to C$73.00 in a research report on Monday, November 10th.

Definity Financial Stock Up 2.0%

Shares of TSE DFY opened at C$67.85 on Monday. The firm’s 50-day moving average price is C$72.43 and its two-hundred day moving average price is C$71.18. Definity Financial has a 52-week low of C$57.25 and a 52-week high of C$79.95. The stock has a market capitalization of C$8.14 billion, a P/E ratio of 19.33, a P/E/G ratio of 2.63 and a beta of -0.16.

Definity Financial (TSE:DFY) last announced its quarterly earnings results on Thursday, February 12th. The company reported C$0.99 earnings per share 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$1.10 billion for the quarter. As a group, equities research analysts expect that Definity Financial will post 3.1263962 earnings per share for the current year.

Insider Buying and Selling

In other Definity Financial news, insider Craig Edward David Richardson sold 1,881 shares of the business’s stock in a transaction on Friday, November 21st. The stock was sold at an average price of C$70.80, for a total transaction 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. The trade was a 99.63% decrease in their position. 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.