National Bankshares Boosts Definity Financial (TSE:DFY) Price Target to C$60.00

Definity Financial (TSE:DFY) had its price objective hoisted by National Bankshares from C$59.00 to C$60.00 in a research note released on Tuesday morning, BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

A number of other equities analysts have also issued reports on DFY. Cormark increased their price target on Definity Financial from C$42.00 to C$43.00 in a research note on Friday, February 16th. BMO Capital Markets lifted their target price on Definity Financial from C$40.00 to C$44.00 and gave the stock a market perform rating in a report on Tuesday, February 20th. Scotiabank raised their price objective on shares of Definity Financial from C$49.00 to C$51.00 and gave the company an outperform rating in a research report on Friday, April 26th. TD Securities boosted their target price on shares of Definity Financial from C$45.00 to C$49.00 and gave the stock a buy rating in a report on Friday, February 16th. Finally, Raymond James increased their target price on shares of Definity Financial from C$42.00 to C$46.00 and gave the company a market perform rating in a research note on Friday, February 16th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of C$47.70.

Definity Financial Stock Down 1.1 %

Shares of TSE DFY opened at C$46.01 on Tuesday. The firm has a market cap of C$5.33 billion, a price-to-earnings ratio of 15.34, a PEG ratio of 2.63 and a beta of 0.08. Definity Financial has a 1 year low of C$32.09 and a 1 year high of C$47.50. The company has a debt-to-equity ratio of 4.99, a quick ratio of 0.31 and a current ratio of 4.68. The stock’s 50-day simple moving average is C$44.83 and its 200-day simple moving average is C$40.35.

Definity Financial (TSE:DFY) last issued its earnings results on Thursday, February 15th. The company reported C$0.86 EPS for the quarter, topping the consensus estimate of C$0.74 by C$0.12. Definity Financial had a return on equity of 12.52% and a net margin of 9.06%. The company had revenue of C$1 billion during the quarter. As a group, equities analysts anticipate that Definity Financial will post 2.7913715 earnings per share for the current fiscal year.

Definity Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend was Thursday, March 14th. This is a boost from Definity Financial’s previous quarterly dividend of $0.14. Definity Financial’s payout ratio is currently 21.33%.

About Definity Financial

Definity Financial Corporation, together with its subsidiaries, offers property and casualty insurance products in Canada. It provides personal insurance products, including auto, property, general and umbrella liability, and pet insurance products to individuals under the Economical, Sonnet, Family, Petsecure, and Peppermint brands; and commercial insurance products, which include fleet, commercial auto, property, liability, and specialty insurance products to businesses under the Definity Insurance and Economical brand name.