Definity Financial Co. (TSE:DFY) Given Average Rating of “Hold” by Brokerages

Definity Financial Co. (TSE:DFY) has received an average rating of “Hold” from the eight ratings firms that are presently covering the company, Marketbeat.com reports. Five investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is C$79.55.

Several analysts have recently issued reports on the company. CIBC decreased their price objective on Definity Financial from C$80.00 to C$74.00 and set a “neutral” rating on the stock in a report on Thursday, October 23rd. Jefferies Financial Group set a C$88.00 price target on shares of Definity Financial and gave the company a “buy” rating in a research note on Wednesday, January 7th. TD Securities upgraded shares of Definity Financial from a “hold” rating to a “buy” rating and increased their price objective for the company from C$74.00 to C$80.00 in a research report on Friday, November 7th. Scotiabank lifted their price objective on shares of Definity Financial from C$92.00 to C$93.00 in a research note on Friday, November 7th. Finally, Barclays boosted their target price on shares of Definity Financial from C$78.00 to C$80.00 in a report on Friday, January 9th.

Insiders Place Their Bets

In other Definity Financial news, insider Craig Edward David Richardson sold 1,881 shares of the business’s stock in a transaction that occurred 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 sale, the insider directly owned 7 shares of the company’s stock, valued at C$495.60. The trade was a 99.63% decrease in their ownership of the stock. 0.50% of the stock is owned by insiders.

Definity Financial Stock Performance

DFY stock opened at C$72.23 on Thursday. The company’s fifty day moving average price is C$73.48 and its 200-day moving average price is C$72.35. Definity Financial has a one year low of C$55.27 and a one year high of C$79.95. The company has a market capitalization of C$8.66 billion, a PE ratio of 17.83, a price-to-earnings-growth ratio of 2.63 and a beta of -0.18.

Definity Financial (TSE:DFY) last announced its quarterly earnings results on Thursday, November 6th. The company reported C$1.59 earnings per share (EPS) for the quarter. Definity Financial had a net margin of 12.32% and a return on equity of 18.19%. The company had revenue of C$1.56 billion for the quarter. On average, research analysts predict that Definity Financial will post 3.1263962 EPS 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.