Definity Financial Co. (TSE:DFY) Receives C$80.20 Average Price Target from Analysts

Shares of Definity Financial Co. (TSE:DFY) have received an average rating of “Moderate Buy” from the eight research firms that are presently covering the company, Marketbeat Ratings reports. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is C$80.20.

A number of brokerages recently commented on DFY. Barclays lifted their price objective on Definity Financial from C$78.00 to C$79.00 in a research note on Friday, May 8th. Desjardins lowered their price target on Definity Financial from C$75.00 to C$73.00 and set a “hold” rating for the company in a research note on Monday, April 27th. TD increased their price target on shares of Definity Financial from C$85.00 to C$86.00 and gave the company a “buy” rating in a research report on Friday, May 8th. Canadian Imperial Bank of Commerce lifted their price objective on shares of Definity Financial from C$74.00 to C$84.00 in a research note on Tuesday, July 14th. Finally, National Bank Financial increased their target price on shares of Definity Financial from C$93.00 to C$94.00 in a report on Wednesday, April 29th.

Definity Financial Price Performance

DFY opened at C$78.60 on Thursday. The company has a fifty day moving average price of C$72.42 and a two-hundred day moving average price of C$69.62. The company has a debt-to-equity ratio of 43.41, a quick ratio of 0.31 and a current ratio of 1.25. Definity Financial has a 52 week low of C$61.87 and a 52 week high of C$79.92. The firm has a market capitalization of C$9.45 billion, a PE ratio of 24.26, a P/E/G ratio of 2.63 and a beta of -0.05.

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

Insider Transactions at Definity Financial

In other news, insider Brigid V. Pelino sold 5,000 shares of Definity Financial stock in a transaction dated 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 C$5,335,848. The trade was a 6.32% decrease in their position. 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.