Definity Financial Co. (TSE:DFY) Stock Has Consensus Price Target of C$83.08 According to Analysts

Key Points

• Analyst consensus is “Moderate Buy”: Five of nine analysts rate Definity Financial a buy and four recommend holding, with an average 12-month price target of C$83.08.
• Recent analyst targets were mixed, ranging from C$83 to C$96, while the stock opened at C$72.40 and has traded between C$61.87 and C$82.59 over the past year.
• Definity reported quarterly EPS of C$0.97 on C$2.05 billion in revenue, while insiders have sold 13,638 shares worth approximately C$1.1 million over the past 90 days.

Shares of Definity Financial Co. (TSE:DFY - Get Free Report) have earned a consensus rating of "Moderate Buy" from the nine research firms that are covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is C$83.08.

A number of research analysts have recently commented on DFY shares. National Bank Financial raised their price target on Definity Financial from C$94.00 to C$96.00 and gave the company an "outperform" rating in a report on Monday, July 27th. Jefferies Financial Group upped their price objective on shares of Definity Financial from C$83.00 to C$91.00 and gave the stock a "buy" rating in a report on Monday, July 27th. Scotia decreased their target price on shares of Definity Financial from C$84.00 to C$83.00 and set a "sector perform" rating for the company in a research report on Wednesday, October 7th. Canadian Imperial Bank of Commerce increased their target price on shares of Definity Financial from C$74.00 to C$84.00 in a research report on Tuesday, July 14th. Finally, RBC Dominion Securities lowered their target price on shares of Definity Financial from C$94.00 to C$87.00 and set an "outperform" rating on the stock in a research note on Thursday, October 15th.

Definity Financial Stock Down 2.2%

DFY opened at C$72.40 on Friday. The stock's 50 day moving average price is C$71.57 and its 200 day moving average price is C$71.83. 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 cap of C$8.70 billion, a P/E ratio of 18.81, a P/E/G ratio of 2.63 and a beta of 0.10. Definity Financial has a 12 month low of C$61.87 and a 12 month high of C$82.59.

Definity Financial (TSE:DFY - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The company reported C$0.97 earnings per share (EPS) for the quarter. Definity Financial had a return on equity of 11.45% and a net margin of 7.22%. The company had revenue of C$2.05 billion during the quarter. As a group, research analysts predict that Definity Financial will post 3.13 earnings per share for the current year.

Insider Buying and Selling at Definity Financial

In other news, insider Innes Fraser Dey sold 4,800 shares of the stock in a transaction that occurred on 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 completion of the transaction, the insider directly 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. Over the last ninety days, insiders have sold 13,638 shares of company stock valued at $1,101,345. Corporate insiders own 0.50% of the company's stock.

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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