Definity Financial Co. (TSE:DFY) Stock Has Average Price Target of C$83.40 According to Brokerages

Shares of Definity Financial Co. (TSE:DFY) have received an average rating of “Moderate Buy” from the eight brokerages that are covering the firm, MarketBeat.com reports. Four research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is C$83.40.

A number of brokerages have recently weighed in on DFY. Canadian Imperial Bank of Commerce increased their target price on Definity Financial from C$74.00 to C$84.00 in a research note on Tuesday, July 14th. National Bank Financial lifted their price target on shares of Definity Financial from C$94.00 to C$96.00 and gave the stock an “outperform” rating in a report on Monday, July 27th. Raymond James Financial increased their price target on Definity Financial from C$80.00 to C$85.00 and gave the stock a “market perform” rating in a report on Friday, July 31st. Jefferies Financial Group lifted their price target on 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. Finally, TD lifted their target price on Definity Financial from C$89.00 to C$93.00 and gave the stock a “buy” rating in a research note on Friday, July 31st.

Insider Activity

In other news, insider Innes Fraser Dey sold 4,800 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of C$81.00, for a total transaction of C$388,800.00. Following the sale, the insider directly owned 53,150 shares in the company, valued at C$4,305,150. This represents a 8.28% decrease in their ownership of the stock. In the last 90 days, insiders sold 13,638 shares of company stock worth $1,101,345. Insiders own 0.50% of the company’s stock.

Definity Financial Stock Performance

Shares of DFY stock opened at C$68.36 on Tuesday. The company’s fifty day simple moving average is C$74.33 and its 200-day simple moving average is C$71.48. The company has a quick ratio of 0.31, a current ratio of 1.35 and a debt-to-equity ratio of 37.12. The firm has a market cap of C$8.21 billion, a PE ratio of 17.76, a P/E/G ratio of 2.63 and a beta of 0.10. Definity Financial has a 12 month low of C$61.87 and a 12 month high of C$82.59.

Definity Financial (TSE:DFY) last announced its quarterly earnings data on Thursday, July 30th. The company reported C$0.97 earnings per share for the quarter. Definity Financial had a return on equity of 11.45% and a net margin of 7.22%.The company had revenue of C$2.05 billion during the quarter. Equities research analysts expect that Definity Financial will post 3.1263962 EPS for the current fiscal year.

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.