Definity Financial Co. (TSE:DFY) Receives C$83.40 Average PT from Analysts

Definity Financial Co. (TSE:DFY) has earned an average recommendation of “Moderate Buy” from the eight ratings firms that are covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is C$83.40.

A number of brokerages have commented on DFY. Jefferies Financial Group increased their price target on shares of Definity Financial from C$83.00 to C$91.00 and gave the company a “buy” rating in a research note on Monday, July 27th. National Bank Financial boosted their price objective on shares of Definity Financial from C$94.00 to C$96.00 and gave the stock an “outperform” rating in a research note on Monday, July 27th. Canadian Imperial Bank of Commerce upped their target price on shares of Definity Financial from C$74.00 to C$84.00 in a report on Tuesday, July 14th. Raymond James Financial raised their target price on shares of Definity Financial from C$80.00 to C$85.00 and gave the company a “market perform” rating in a research note on Friday, July 31st. Finally, TD lifted their price target on Definity Financial from C$89.00 to C$93.00 and gave the stock a “buy” rating in a report on Friday, July 31st.

Definity Financial Stock Up 0.4%

DFY stock opened at C$72.18 on Friday. The company has a market cap of C$8.67 billion, a price-to-earnings ratio of 18.75, a P/E/G ratio of 2.63 and a beta of -0.01. Definity Financial has a twelve month low of C$61.87 and a twelve month high of C$82.59. The business has a 50 day moving average price of C$77.08 and a two-hundred day moving average price of C$71.06. The company has a quick ratio of 0.31, a current ratio of 1.35 and a debt-to-equity ratio of 37.12.

Definity Financial (TSE:DFY) last announced its quarterly earnings data on Thursday, July 30th. The company reported C$0.97 earnings per share (EPS) for the quarter. Definity Financial had a return on equity of 11.45% and a net margin of 7.22%.The company had revenue of C$2.05 billion for the quarter. Analysts anticipate that Definity Financial will post 3.1263962 EPS for the current fiscal year.

Insider Buying and Selling at Definity Financial

In related news, insider Innes Fraser Dey sold 4,800 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of C$81.00, for a total value of C$388,800.00. Following the sale, the insider owned 53,150 shares in the company, valued at approximately C$4,305,150. This represents a 8.28% decrease in their position. Over the last quarter, insiders sold 13,638 shares of company stock worth $1,101,345. 0.50% of the stock is currently owned by insiders.

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.