TD Securities Cuts Definity Financial (TSE:DFY) Price Target to C$74.00

Definity Financial (TSE:DFY) had its target price reduced by TD Securities from C$81.00 to C$74.00 in a research report released on Wednesday,BayStreet.CA reports.

DFY has been the topic of a number of other reports. National Bankshares increased their price objective on shares of Definity Financial from C$90.00 to C$92.00 and gave the company an “outperform” rating in a research note on Tuesday, July 29th. Barclays raised Definity Financial to a “hold” rating in a research report on Tuesday, September 30th. One analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, Definity Financial presently has an average rating of “Hold” and an average target price of C$73.20.

Definity Financial Price Performance

Shares of Definity Financial stock opened at C$65.95 on Wednesday. The stock has a market cap of C$7.91 billion, a price-to-earnings ratio of 19.80, a PEG ratio of 2.63 and a beta of -0.15. The firm’s 50-day moving average is C$70.74 and its two-hundred day moving average is C$71.57. Definity Financial has a 1 year low of C$52.75 and a 1 year high of C$79.95.

Insider Activity

In other Definity Financial news, Director Sonia Baxendale purchased 500 shares of the company’s stock in a transaction dated Tuesday, August 26th. The shares were acquired at an average price of C$69.00 per share, for a total transaction of C$34,500.00. Following the completion of the purchase, the director owned 750 shares of the company’s stock, valued at approximately C$51,750. The trade was a 200.00% increase in their ownership of the stock. Also, insider Liam Michael Mcfarlane sold 3,500 shares of the company’s stock in a transaction dated Tuesday, September 9th. The shares were sold at an average price of C$73.58, for a total transaction of C$257,530.00. Following the transaction, the insider owned 7,669 shares in the company, valued at approximately C$564,285.02. This trade represents a 31.34% decrease in their position. 0.50% of the stock is currently owned by company insiders.

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.