Definity Financial Co. (TSE:DFY) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Definity Financial Co. (TSE:DFY) have been assigned an average rating of “Moderate Buy” from the eight research firms that are presently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is C$83.40.

Several analysts recently weighed in on the stock. Jefferies Financial Group raised their target price on shares of Definity Financial from C$83.00 to C$91.00 and gave the company a “buy” rating in a report on Monday, July 27th. Raymond James Financial boosted 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 report on Friday, July 31st. 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 research report on Friday, July 31st. Canadian Imperial Bank of Commerce raised their price objective on shares of Definity Financial from C$74.00 to C$84.00 in a report on Tuesday, July 14th. Finally, National Bank Financial lifted their price objective on shares of Definity Financial from C$94.00 to C$96.00 and gave the stock an “outperform” rating in a research report on Monday, July 27th.

Insiders Place Their Bets

In other Definity Financial news, insider Innes Fraser Dey sold 4,800 shares of Definity Financial stock in a transaction dated 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 sale, the insider directly owned 53,150 shares of the company’s stock, valued at C$4,305,150. The trade was a 8.28% decrease in their position. Insiders sold 13,638 shares of company stock valued at $1,101,345 in the last 90 days. 0.50% of the stock is owned by company insiders.

Definity Financial Stock Performance

TSE:DFY opened at C$70.68 on Friday. The company has a fifty day simple moving average of C$76.88 and a two-hundred day simple moving average of C$71.11. The company has a market cap of C$8.49 billion, a price-to-earnings ratio of 18.36, a price-to-earnings-growth ratio of 2.63 and a beta of -0.01. The company has a quick ratio of 0.31, a current ratio of 1.35 and a debt-to-equity ratio of 37.12. Definity Financial has a 52 week low of C$61.87 and a 52 week high of C$82.59.

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

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.