Definity Financial Co. (TSE:DFY – Get Free Report) traded up 0.8% on Tuesday . The company traded as high as C$74.43 and last traded at C$74.09. Approximately 131,106 shares traded hands during trading, a decline of 26% from the average daily volume of 178,131 shares. The stock had previously closed at C$73.50.
Analyst Ratings Changes
A number of research firms have recently issued reports on DFY. Jefferies Financial Group increased their price target on Definity Financial from C$83.00 to C$91.00 and gave the stock a “buy” rating in a research report on Monday, July 27th. National Bank Financial lifted their price objective 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 increased 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 report on Friday, July 31st. Canadian Imperial Bank of Commerce increased their target price on shares of Definity Financial from C$74.00 to C$84.00 in a report on Tuesday, July 14th. Finally, Barclays raised their target price on shares of 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. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$83.40.
Read Our Latest Stock Analysis on Definity Financial
Definity Financial Stock Performance
Definity Financial (TSE:DFY – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported C$0.97 EPS for the quarter. Definity Financial had a net margin of 7.22% and a return on equity of 11.45%. The business had revenue of C$2.05 billion during the quarter. Research analysts anticipate that Definity Financial Co. will post 3.1263962 earnings per share for the current year.
Insider Buying and Selling
In other Definity Financial news, insider Brigid V. Pelino sold 5,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the insider directly 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. Also, insider Innes Fraser Dey sold 4,800 shares of Definity Financial stock in a transaction on 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 completion of the transaction, 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. Insiders have sold 18,638 shares of company stock valued at $1,461,345 in the last three months. 0.50% of the stock is currently owned by corporate insiders.
About Definity Financial
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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