Definity Financial Co. (TSE:DFY) Receives Average Rating of "Hold" from Brokerages

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%.

Definity Financial Co. (TSE:DFY - Get Free Report) has received a consensus rating of "Hold" from the six analysts that are currently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$74.20.

A number of analysts recently weighed in on the stock. CIBC set a C$80.00 price target on shares of Definity Financial and gave the stock a "neutral" rating in a research report on Thursday, June 12th. TD Securities lifted their price objective on Definity Financial from C$80.00 to C$81.00 and gave the company a "hold" rating in a report on Friday, August 1st. Royal Bank Of Canada raised Definity Financial to a "moderate buy" rating and set a C$87.00 price target on the stock in a research report on Wednesday, June 18th. Scotiabank upped their target price on Definity Financial from C$65.00 to C$76.00 in a research report on Wednesday, June 11th. Finally, 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 report on Tuesday, July 29th.

Definity Financial Price Performance

Shares of DFY stock traded up C$1.45 during trading hours on Friday, hitting C$74.55. The company had a trading volume of 784,398 shares, compared to its average volume of 171,890. The stock has a market capitalization of C$8.94 billion, a PE ratio of 22.39, a price-to-earnings-growth ratio of 2.63 and a beta of -0.16. Definity Financial has a fifty-two week low of C$49.93 and a fifty-two week high of C$79.95. The company's fifty day moving average is C$73.72 and its 200 day moving average is C$70.29.

Insider Buying and Selling at Definity Financial

In other news, insider Liam Michael Mcfarlane sold 3,500 shares of the business's stock in a transaction 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 directly 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. Also, Director Sonia Baxendale bought 1,500 shares of Definity Financial stock in a transaction that occurred on Tuesday, August 26th. The stock was purchased at an average price of C$69.80 per share, with a total value of C$104,700.00. Following the purchase, the director directly owned 2,250 shares in the company, valued at C$157,050. The trade was a 200.00% increase in their ownership of the stock. 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.