Definity Financial Co. (TSE:DFY) Receives Average Recommendation of "Hold" from Analysts

Key Points

• Definity Financial Co. (TSE:DFY) has an average rating of "Hold" from six rating firms, with five analysts recommending a hold and one a buy.
• Scotiabank and National Bankshares raised their target prices for the stock, with the average price objective now at C$74.20.
• Insider activity included director Sonia Baxendale acquiring 500 shares, increasing her ownership by 200%, while another insider, Liam Mcfarlane, sold 3,500 shares, reducing his position by 31.34%.

Shares of Definity Financial Co. (TSE:DFY - Get Free Report) have received an average recommendation of "Hold" from the six brokerages that are currently covering the stock, MarketBeat.com reports. Five analysts have rated the stock with a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year target price among brokers that have covered the stock in the last year is C$74.20.

Several equities research analysts have issued reports on DFY shares. Cormark raised shares of Definity Financial from a "hold" rating to a "moderate buy" rating in a research note on Wednesday, June 11th. Raymond James Financial upped their price objective on shares of Definity Financial from C$65.00 to C$74.00 and gave the company a "market perform" rating in a research note on Thursday, June 12th. Scotiabank raised their target price on shares of Definity Financial from C$65.00 to C$76.00 in a research report on Wednesday, June 11th. National Bankshares lifted their target price on shares of Definity Financial from C$90.00 to C$92.00 and gave the stock an "outperform" rating in a research note on Tuesday, July 29th. Finally, TD Securities increased their price target on Definity Financial from C$80.00 to C$81.00 and gave the stock a "hold" rating in a research note on Friday, August 1st.

Insider Activity

In related news, Director Sonia Baxendale bought 1,500 shares of the firm's stock in a transaction that occurred on Tuesday, August 26th. The shares were acquired at an average cost of C$69.80 per share, with a total value of C$104,700.00. Following the completion of the transaction, the director owned 2,250 shares of the company's stock, valued at approximately C$157,050. The trade was a 200.00% increase in their ownership of the stock. Also, insider Liam Michael Mcfarlane sold 3,500 shares of the business's stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of C$73.58, for a total transaction of C$257,530.00. Following the completion of the sale, the insider owned 7,669 shares of the company's stock, valued at approximately C$564,285.02. The trade was a 31.34% decrease in their ownership of the stock. Corporate insiders own 0.50% of the company's stock.

Definity Financial Trading Down 2.4%

Shares of TSE DFY traded down C$1.81 during trading on Friday, reaching C$72.74. The company had a trading volume of 123,103 shares, compared to its average volume of 171,622. The stock has a market capitalization of C$8.72 billion, a PE ratio of 21.84, a price-to-earnings-growth ratio of 2.63 and a beta of -0.16. Definity Financial has a twelve month low of C$51.95 and a twelve month high of C$79.95. The stock has a 50-day moving average price of C$73.62 and a two-hundred day moving average price of C$70.42.

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.