DOWLING & PARTN Weighs in on TSE:DFY FY2028 Earnings

Definity Financial Co. (TSE:DFY) – DOWLING & PARTN issued their FY2028 earnings per share estimates for shares of Definity Financial in a report released on Friday, July 31st. DOWLING & PARTN analyst J. Ferguson expects that the company will post earnings per share of $5.47 for the year. The consensus estimate for Definity Financial’s current full-year earnings is $3.13 per share.

A number of other analysts have also commented on the stock. Raymond James Financial lifted their price target on shares of Definity Financial from C$80.00 to C$85.00 and gave the stock a “market perform” rating in a research note on Friday, July 31st. Barclays increased their price objective on shares of Definity Financial from C$78.00 to C$79.00 in a research report on Friday, May 8th. Canadian Imperial Bank of Commerce raised their target price on shares of Definity Financial from C$74.00 to C$84.00 in a report on Tuesday, July 14th. TD lifted their target price on shares of Definity Financial from C$89.00 to C$93.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Finally, Jefferies Financial Group boosted their target price on shares of Definity Financial from C$83.00 to C$91.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, Definity Financial currently has an average rating of “Moderate Buy” and an average target price of C$83.40.

Definity Financial Stock Up 2.2%

Shares of TSE DFY opened at C$81.78 on Wednesday. The firm’s 50-day moving average price is C$74.60 and its 200-day moving average price is C$69.90. The company has a market cap of C$9.83 billion, a PE ratio of 21.24, a PEG ratio of 2.63 and a beta of -0.05. Definity Financial has a 52-week low of C$61.87 and a 52-week high of C$81.99.

Definity Financial (TSE:DFY) last issued its earnings results on Thursday, July 30th. The company reported C$0.97 earnings per share for the quarter. The business had revenue of C$2.05 billion during the quarter. Definity Financial had a return on equity of 11.45% and a net margin of 7.22%.

Insider Transactions at Definity Financial

In other Definity Financial news, insider Brigid V. Pelino sold 5,000 shares of the firm’s stock in a transaction dated 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 transaction, the insider directly owned 74,109 shares of the company’s stock, valued at approximately C$5,335,848. This trade represents 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.