Definity Financial (TSE:DFY) Hits New 12-Month High – What’s Next?

Definity Financial Co. (TSE:DFY)’s share price hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$79.24 and last traded at C$78.67, with a volume of 25804 shares changing hands. The stock had previously closed at C$77.48.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Barclays lifted their price target on shares of Definity Financial from C$78.00 to C$79.00 in a research report on Friday, May 8th. National Bank Financial raised their price objective on Definity Financial from C$93.00 to C$94.00 in a research note on Wednesday, April 29th. Desjardins reduced 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. TD boosted their target price on Definity Financial from C$85.00 to C$86.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. Finally, Jefferies Financial Group upped their target price on Definity Financial from C$76.00 to C$81.00 in a report on Monday, May 4th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, Definity Financial currently has an average rating of “Moderate Buy” and an average price target of C$79.20.

Definity Financial Stock Up 0.7%

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’s 50-day moving average price is C$69.65 and its 200 day moving average price is C$69.40. The firm has a market capitalization of C$9.38 billion, a price-to-earnings ratio of 24.09, a price-to-earnings-growth ratio of 2.63 and a beta of -0.05.

Definity Financial (TSE:DFY) last issued its quarterly earnings data on Thursday, May 7th. The company reported C$0.97 earnings per share (EPS) for the quarter. Definity Financial had a return on equity of 9.82% and a net margin of 6.94%.The firm had revenue of C$1.92 billion during the quarter. Sell-side analysts expect that Definity Financial Co. will post 3.1263962 EPS for the current year.

Insiders Place Their Bets

In other news, insider Brigid V. Pelino sold 5,000 shares of the business’s stock in a transaction 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 transaction, the insider directly owned 74,109 shares of the company’s stock, valued at 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.

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.