Definity Financial (TSE:DFY) Stock Gets Price Target Reduction from Raymond James Financial

Definity Financial (TSE:DFY) had its target price trimmed by Raymond James Financial from C$85.00 to C$84.00 in a research report released on Friday morning,BayStreet reports. The brokerage currently has a market perform rating on the stock.

Several other research firms have also recently issued reports on DFY. Scotia reduced their target price on Definity Financial from C$84.00 to C$83.00 and set a “sector perform” rating on the stock in a research note on Wednesday, October 7th. National Bank Financial upped their target price on Definity Financial from C$94.00 to C$96.00 and gave the company an “outperform” rating in a report on Monday, July 27th. TD dropped their price target on Definity Financial from C$93.00 to C$87.00 and set a “buy” rating for the company in a research note on Wednesday, October 14th. Jefferies Financial Group lifted their price target on shares of Definity Financial from C$83.00 to C$91.00 and gave the company a “buy” rating in a report on Monday, July 27th. Finally, RBC Dominion Securities cut their price target on shares of Definity Financial from C$94.00 to C$87.00 and set an “outperform” rating on the stock in a report on Thursday. Five analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of C$83.08.

Definity Financial Stock Up 0.2%

TSE DFY opened at C$70.62 on Friday. Definity Financial has a 1 year low of C$61.87 and a 1 year high of C$82.59. The stock has a market capitalization of C$8.48 billion, a PE ratio of 18.34, a PEG ratio of 2.63 and a beta of 0.10. The company has a debt-to-equity ratio of 37.12, a current ratio of 1.35 and a quick ratio of 0.31. The business’s 50-day moving average is C$72.21 and its 200 day moving average is C$71.59.

Definity Financial (TSE:DFY) last released its quarterly earnings results on Thursday, July 30th. The company reported C$0.97 EPS for the quarter. Definity Financial had a return on equity of 11.45% and a net margin of 7.22%. The business had revenue of C$2.05 billion during the quarter. Sell-side analysts forecast that Definity Financial will post 3.13 earnings per share for the current year.

Insider Buying and Selling

In other Definity Financial news, insider Innes Fraser Dey sold 4,800 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of C$81.00, for a total value of C$388,800.00. Following the completion of the sale, the insider directly owned 53,150 shares in the company, valued at C$4,305,150. This trade represents a 8.28% decrease in their ownership of the stock. Insiders have sold 13,638 shares of company stock valued at $1,101,345 in the last ninety days. Company 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.