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

Shares of Definity Financial Co. (TSE:DFY) have earned a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the stock, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is C$83.40.

DFY has been the subject of a number of research reports. National Bank Financial boosted their price target 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. TD lifted their price objective 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. Barclays upped their target price on shares of Definity Financial from C$78.00 to C$79.00 in a research report on Friday, May 8th. Jefferies Financial Group increased their target price on Definity Financial from C$83.00 to C$91.00 and gave the company a “buy” rating in a research note on Monday, July 27th. Finally, Desjardins lowered 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.

Definity Financial Stock Performance

TSE:DFY opened at C$78.50 on Monday. The business’s 50-day moving average price is C$76.65 and its two-hundred day moving average price is C$70.25. Definity Financial has a twelve month low of C$61.87 and a twelve month high of C$82.59. The stock has a market cap of C$9.44 billion, a P/E ratio of 20.39, a PEG ratio of 2.63 and a beta of -0.02. 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 (TSE:DFY) last issued its quarterly earnings data on Thursday, July 30th. The company reported C$0.97 EPS for the quarter. The company 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 predict that Definity Financial will post 3.1263962 EPS for the current fiscal year.

Insider Transactions at Definity Financial

In other news, insider Brigid V. Pelino sold 5,000 shares of the stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of C$72.00, for a total transaction of C$360,000.00. Following the transaction, the insider directly owned 74,109 shares in the company, valued at approximately C$5,335,848. This represents a 6.32% decrease in their position. Also, insider Innes Fraser Dey sold 4,800 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of C$81.00, for a total value of C$388,800.00. Following the transaction, the insider directly owned 53,150 shares in the company, valued at approximately C$4,305,150. This represents a 8.28% decrease in their ownership of the stock. Insiders sold a total of 18,638 shares of company stock valued at $1,461,345 over the last quarter. Company insiders own 0.50% of the company’s stock.

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.