Definity Financial (TSE:DFY) Insider Brigid Pelino Sells 5,000 Shares

Definity Financial Co. (TSE:DFY) insider Brigid Pelino sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, June 10th. The stock was 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 of the company’s stock, valued at C$5,335,848. This trade represents a 6.32% decrease in their ownership of the stock.

Definity Financial Price Performance

Shares of DFY opened at C$71.84 on Friday. Definity Financial Co. has a 1 year low of C$61.87 and a 1 year high of C$79.95. The company has a market capitalization of C$8.64 billion, a price-to-earnings ratio of 22.17, a price-to-earnings-growth ratio of 2.63 and a beta of 0.00. The business has a 50-day moving average of C$66.73 and a 200-day moving average of C$69.20.

Definity Financial (TSE:DFY) last issued its quarterly earnings data 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 company had revenue of C$1.92 billion during the quarter. As a group, sell-side analysts anticipate that Definity Financial Co. will post 3.1263962 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on DFY. National Bank Financial lifted their target price on Definity Financial from C$93.00 to C$94.00 in a report on Wednesday, April 29th. Desjardins lowered their target price on Definity Financial from C$75.00 to C$73.00 and set a “hold” rating for the company in a report on Monday, April 27th. Jefferies Financial Group lifted their target price on Definity Financial from C$76.00 to C$81.00 in a report on Monday, May 4th. Barclays lifted their target price on Definity Financial from C$78.00 to C$79.00 in a report on Friday, May 8th. Finally, TD lifted their target price on Definity Financial from C$85.00 to C$86.00 and gave the stock a “buy” rating in a report on Friday, May 8th. Four investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of C$79.91.

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.