Definity Financial Co. (TSE:DFY) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Definity Financial Co. (TSE:DFY) has been given a consensus recommendation of “Moderate Buy” by the eight research firms that are currently covering the stock, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is C$80.20.

A number of research analysts recently commented on DFY shares. Barclays increased their price target on Definity Financial from C$78.00 to C$79.00 in a report on Friday, May 8th. 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 report on Monday, April 27th. Jefferies Financial Group upped their target price on Definity Financial from C$76.00 to C$81.00 in a research report on Monday, May 4th. Canadian Imperial Bank of Commerce increased their target price on Definity Financial from C$74.00 to C$84.00 in a research note on Tuesday. Finally, National Bank Financial raised their price target on shares of Definity Financial from C$93.00 to C$94.00 in a research report on Wednesday, April 29th.

Definity Financial Stock Performance

Shares of DFY stock opened at C$77.36 on Thursday. Definity Financial has a 12 month low of C$61.87 and a 12 month high of C$79.92. The company has a debt-to-equity ratio of 43.41, a current ratio of 1.25 and a quick ratio of 0.31. The firm has a market capitalization of C$9.30 billion, a P/E ratio of 23.88, a P/E/G ratio of 2.63 and a beta of -0.05. The company’s fifty day moving average price is C$71.23 and its two-hundred day moving average price is C$69.54.

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

Insider Transactions at Definity Financial

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