Definity Financial Co. (TSE:DFY) Given Average Recommendation of “Moderate Buy” by Brokerages

Shares of Definity Financial Co. (TSE:DFY) have received an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the company, MarketBeat reports. Four equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is C$79.20.

DFY has been the subject of several recent research reports. TD boosted their price objective on Definity Financial from C$85.00 to C$86.00 and gave the stock a “buy” rating in a report on Friday, May 8th. National Bank Financial boosted their price objective on Definity Financial from C$93.00 to C$94.00 in a report on Wednesday, April 29th. Barclays boosted their price objective 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 for the company in a report on Monday, April 27th. Finally, Jefferies Financial Group boosted their price objective on Definity Financial from C$76.00 to C$81.00 in a report on Monday, May 4th.

Definity Financial Stock Performance

Definity Financial stock opened at C$72.08 on Friday. The stock has a 50-day simple moving average of C$67.68 and a 200 day simple moving average of C$69.19. The company has a quick ratio of 0.31, a current ratio of 1.25 and a debt-to-equity ratio of 43.41. Definity Financial has a 12-month low of C$61.87 and a 12-month high of C$79.95. The stock has a market capitalization of C$8.67 billion, a price-to-earnings ratio of 22.25, a P/E/G ratio of 2.63 and a beta of 0.00.

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

Insiders Place Their Bets

In other Definity Financial news, insider Brigid V. Pelino sold 5,000 shares of the business’s stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of C$72.00, for a total transaction of C$360,000.00. Following the completion of the sale, the insider directly owned 74,109 shares of the company’s stock, valued at approximately C$5,335,848. The trade was a 6.32% decrease in their position. Corporate insiders own 0.50% of the company’s stock.

About Definity Financial

Definity Financial Corp is a multi-channel, property, and casualty insurance company. It offers auto, property, liability, and pet insurance products to individual customers.