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

Definity Financial Co. (TSE:DFY) has received an average rating of “Moderate Buy” from the eight analysts that are presently covering the stock, Marketbeat reports. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is C$79.20.

A number of research firms recently commented on DFY. Desjardins cut their price objective on Definity Financial from C$75.00 to C$73.00 and set a “hold” rating on the stock in a research note on Monday, April 27th. National Bank Financial lifted their target price on Definity Financial from C$93.00 to C$94.00 in a report on Wednesday, April 29th. Barclays lifted their target price on Definity Financial from C$78.00 to C$79.00 in a report on Friday, May 8th. Jefferies Financial Group lifted their target price on Definity Financial from C$76.00 to C$81.00 in a report on Monday, May 4th. Finally, TD lifted their target price 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.

Definity Financial Price Performance

Definity Financial stock opened at C$74.20 on Friday. The stock’s 50 day moving average is C$68.46 and its 200 day moving average is C$69.26. 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 cap of C$8.92 billion, a P/E ratio of 22.90, a P/E/G ratio of 2.63 and a beta of 0.00. Definity Financial has a one year low of C$61.87 and a one year high of C$79.95.

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

Insiders Place Their Bets

In other Definity Financial news, insider Brigid V. Pelino sold 5,000 shares of Definity Financial stock in a transaction that occurred on Wednesday, June 10th. The stock was sold at an average price of C$72.00, for a total value of C$360,000.00. Following the completion of the sale, the insider directly owned 74,109 shares in the company, valued at approximately C$5,335,848. The trade was a 6.32% decrease in their ownership of the stock. 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.