Definity Financial (TSE:DFY) Insider Sells C$360,000.00 in Stock

Definity Financial Co. (TSE:DFYGet Free Report) insider Brigid Pelino sold 5,000 shares of the stock in a transaction dated Wednesday, June 10th. The shares were sold at an average price of C$72.00, for a total value of C$360,000.00. Following the transaction, the insider owned 74,109 shares in the company, valued at C$5,335,848. This trade represents a 6.32% decrease in their ownership of the stock.

Definity Financial Trading Down 2.1%

Shares of Definity Financial stock opened at C$70.35 on Friday. The firm has a market capitalization of C$8.46 billion, a PE ratio of 21.71, a price-to-earnings-growth ratio of 2.63 and a beta of 0.00. The business’s 50-day moving average price is C$66.87 and its 200-day moving average price is C$69.21. Definity Financial Co. has a 12 month low of C$61.87 and a 12 month high of C$79.95.

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

Analysts Set New Price Targets

Several equities analysts recently issued reports on DFY shares. Jefferies Financial Group raised their price target on Definity Financial from C$76.00 to C$81.00 in a research report on Monday, May 4th. TD raised their price target on Definity Financial from C$85.00 to C$86.00 and gave the stock a “buy” rating in a research report on Friday, May 8th. National Bank Financial raised their price target on Definity Financial from C$93.00 to C$94.00 in a research report on Wednesday, April 29th. Desjardins reduced their price target on Definity Financial from C$75.00 to C$73.00 and set a “hold” rating on the stock in a research report on Monday, April 27th. Finally, Barclays raised their price target on Definity Financial from C$78.00 to C$79.00 in a research report on Friday, May 8th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of C$79.91.

Get Our Latest Report on DFY

Definity Financial Company Profile

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Definity Financial Corp is a multi-channel, property, and casualty insurance company. It offers auto, property, liability, and pet insurance products to individual customers.

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