Definity Financial (TSE:DFY) Insider Brigid Pelino Sells 5,000 Shares

Definity Financial Co. (TSE:DFY) insider Brigid Pelino sold 5,000 shares of the company’s stock in a transaction on 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 transaction, the insider owned 74,109 shares in the company, valued at approximately C$5,335,848. The trade was a 6.32% decrease in their position.

Definity Financial Stock Down 0.1%

DFY traded down C$0.09 during trading on Thursday, hitting C$72.37. 82,183 shares of the company’s stock were exchanged, compared to its average volume of 181,989. The business’s 50 day moving average is C$66.60 and its two-hundred day moving average is C$69.20. Definity Financial Co. has a fifty-two week low of C$61.87 and a fifty-two week high of C$79.95. The stock has a market cap of C$8.70 billion, a P/E ratio of 22.34, a PEG ratio of 2.63 and a beta of 0.00.

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

Wall Street Analyst Weigh In

Several analysts have recently commented on DFY shares. Jefferies Financial Group increased their target price on shares of Definity Financial from C$76.00 to C$81.00 in a report on Monday, May 4th. National Bank Financial raised their price objective on shares of Definity Financial from C$93.00 to C$94.00 in a report on Wednesday, April 29th. Desjardins decreased their price objective on shares of 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. Raymond James Financial decreased their price objective on shares of Definity Financial from C$74.00 to C$72.00 and set a “market perform” rating for the company in a report on Friday, February 13th. Finally, Barclays raised their price objective on shares of Definity Financial from C$78.00 to C$79.00 in a report on Friday, May 8th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Definity Financial presently has an average rating of “Moderate Buy” and an average target price of C$79.91.

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.