Definity Financial Co. (TSE:DFY) Receives Average Recommendation of “Hold” from Analysts

Definity Financial Co. (TSE:DFY) has been given an average rating of “Hold” by the eleven research firms that are covering the stock, MarketBeat.com reports. Nine investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is C$54.70.

DFY has been the subject of several recent analyst reports. Scotiabank cut shares of Definity Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Royal Bank of Canada upped their price target on shares of Definity Financial from C$58.00 to C$61.00 in a report on Friday, August 2nd. TD Securities increased their price objective on Definity Financial from C$58.00 to C$59.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. BMO Capital Markets boosted their target price on Definity Financial from C$53.00 to C$57.00 in a research report on Monday, November 11th. Finally, Raymond James cut Definity Financial from an “outperform” rating to a “market perform” rating and raised their price target for the company from C$53.00 to C$55.00 in a report on Tuesday, November 12th.

Definity Financial Stock Performance

Shares of DFY stock opened at C$58.75 on Friday. The firm’s 50 day moving average is C$55.02 and its 200 day moving average is C$49.44. The stock has a market capitalization of C$6.75 billion, a P/E ratio of 17.75, a PEG ratio of 2.63 and a beta of 0.04. Definity Financial has a 12 month low of C$35.48 and a 12 month high of C$60.22. The company has a current ratio of 7.68, a quick ratio of 0.31 and a debt-to-equity ratio of 6.38.

Definity Financial (TSE:DFY) last posted its earnings results on Thursday, November 7th. The company reported C$0.13 earnings per share (EPS) for the quarter, topping the consensus estimate of C($0.04) by C$0.17. The firm had revenue of C$1.10 billion for the quarter, compared to the consensus estimate of C$1.10 billion. Definity Financial had a return on equity of 13.00% and a net margin of 9.60%. On average, sell-side analysts anticipate that Definity Financial will post 3.1263962 earnings per share for the current year.

Definity Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a $0.16 dividend. The ex-dividend date is Friday, December 13th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.09%. Definity Financial’s payout ratio is 19.34%.

Definity Financial Company Profile

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.