Definity Financial Co. (TSE:DFY) Given Average Rating of "Moderate Buy" by Analysts

Key Points

• Analysts rate Definity Financial “Moderate Buy”: Four analysts recommend holding the stock and four recommend buying it, with an average one-year price target of C$83.40.
• Several firms recently raised their price targets, including National Bank Financial to C$96, TD to C$93, and Jefferies to C$91.
• DFY shares opened at C$73.65, down 1.7%, while the company reported quarterly earnings of C$0.97 per share on C$2.05 billion in revenue. Insiders sold 18,638 shares worth approximately C$1.46 million during the last quarter.

Definity Financial Co. (TSE:DFY - Get Free Report) has earned a consensus rating of "Moderate Buy" from the eight research firms that are presently covering the firm, MarketBeat 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 target price among analysts that have updated their coverage on the stock in the last year is C$83.40.

A number of equities analysts have commented on DFY shares. 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 research note on Friday, July 31st. Jefferies Financial Group upped their price objective on Definity Financial from C$83.00 to C$91.00 and gave the company a "buy" rating in a research report on Monday, July 27th. Barclays raised their price objective on Definity Financial from C$78.00 to C$79.00 in a research note on Friday, May 8th. National Bank Financial boosted their target price on Definity Financial from C$94.00 to C$96.00 and gave the company an "outperform" rating in a research report on Monday, July 27th. Finally, Canadian Imperial Bank of Commerce increased their price target on Definity Financial from C$74.00 to C$84.00 in a report on Tuesday, July 14th.

Definity Financial Stock Down 1.7%

Shares of DFY opened at C$73.65 on Friday. 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 market capitalization of C$8.85 billion, a price-to-earnings ratio of 19.13, a price-to-earnings-growth ratio of 2.63 and a beta of -0.02. Definity Financial has a 1 year low of C$61.87 and a 1 year high of C$82.59. The business's 50 day simple moving average is C$77.27 and its 200-day simple moving average is C$70.96.

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

Insider Activity

In related news, insider Brigid V. Pelino sold 5,000 shares of the stock in a transaction dated 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 sale, the insider directly owned 74,109 shares of the company's stock, valued at 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 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 approximately C$4,305,150. The trade was a 8.28% decrease in their position. Insiders have sold a total of 18,638 shares of company stock worth $1,461,345 over the last quarter. 0.50% of the stock is currently owned by 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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