Definity Financial (TSE:DFY) Announces Earnings Results

Definity Financial (TSE:DFY) issued its earnings results on Thursday. The company reported C$0.97 EPS for the quarter, FiscalAI reports. The company had revenue of C$2.05 billion during the quarter. Definity Financial had a return on equity of 9.82% and a net margin of 6.94%.

Definity Financial Trading Up 1.9%

Definity Financial stock opened at C$80.03 on Friday. Definity Financial has a 52-week low of C$61.87 and a 52-week high of C$81.99. The company has a quick ratio of 0.31, a current ratio of 1.25 and a debt-to-equity ratio of 43.41. The firm has a market capitalization of C$9.62 billion, a price-to-earnings ratio of 24.70, a PEG ratio of 2.63 and a beta of -0.05. The firm has a 50-day moving average price of C$74.03 and a two-hundred day moving average price of C$69.86.

Analysts Set New Price Targets

DFY has been the topic of a number of research reports. Desjardins dropped their price target on Definity Financial from C$75.00 to C$73.00 and set a “hold” rating on the stock in a research report on Monday, April 27th. Jefferies Financial Group boosted their price objective on Definity Financial from C$83.00 to C$91.00 and gave the company a “buy” rating in a research report on Monday, July 27th. Canadian Imperial Bank of Commerce upped their price objective on Definity Financial from C$74.00 to C$84.00 in a research note on Tuesday, July 14th. National Bank Financial increased their target price on Definity Financial from C$94.00 to C$96.00 and gave the stock an “outperform” rating in a research report on Monday, July 27th. Finally, TD increased their target price on Definity Financial from C$89.00 to C$93.00 and gave the stock a “buy” rating in a research report on Friday. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$83.40.

Insider Activity at Definity Financial

In other Definity Financial news, insider Brigid V. Pelino sold 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of C$72.00, for a total value of C$360,000.00. Following the sale, the insider owned 74,109 shares in the company, valued at approximately C$5,335,848. This trade represents 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.