Definity Financial Co. (TSE:DFY) Receives Consensus Rating of “Moderate Buy” from Brokerages

Definity Financial Co. (TSE:DFY – Get Free Report) has earned an average rating of “Moderate Buy” from the eight research firms that are covering the stock, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is C$83.40.

Several equities analysts have issued reports on DFY shares. TD increased their price objective on shares of Definity Financial from C$89.00 to C$93.00 and gave the company a “buy” rating in a report on Friday, July 31st. National Bank Financial boosted their target price on shares of Definity Financial from C$94.00 to C$96.00 and gave the stock an “outperform” rating in a research note on Monday, July 27th. Raymond James Financial upped their price target on shares of Definity Financial from C$80.00 to C$85.00 and gave the stock a “market perform” rating in a research report on Friday, July 31st. Canadian Imperial Bank of Commerce raised their price target on shares of Definity Financial from C$74.00 to C$84.00 in a research note on Tuesday, July 14th. Finally, Jefferies Financial Group lifted their price objective on Definity Financial from C$83.00 to C$91.00 and gave the stock a “buy” rating in a report on Monday, July 27th.

View Our Latest Analysis on Definity Financial

Insider Buying and Selling at Definity Financial

In other news, insider Innes Fraser Dey sold 4,800 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of C$81.00, for a total value of C$388,800.00. Following the transaction, the insider 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 sold a total of 13,638 shares of company stock valued at $1,101,345 in the last quarter. Company insiders own 0.50% of the company’s stock.

Definity Financial Trading Down 0.4%

Shares of DFY stock opened at C$69.11 on Tuesday. Definity Financial has a 1-year low of C$61.87 and a 1-year high of C$82.59. The company has a market cap of C$8.30 billion, a price-to-earnings ratio of 17.95, a PEG ratio of 2.63 and a beta of -0.01. 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 stock has a 50 day simple moving average of C$74.57 and a 200-day simple moving average of C$71.47.

Definity Financial (TSE:DFY – Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The company reported C$0.97 earnings per share (EPS) for the quarter. The firm had revenue of C$2.05 billion for the quarter. Definity Financial had a net margin of 7.22% and a return on equity of 11.45%. On average, equities research analysts expect that Definity Financial will post 3.1263962 EPS for the current fiscal year.

About Definity Financial

(Get Free Report)

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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Analyst Recommendations for Definity Financial (TSE:DFY)

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