Definity Financial Co. (TSE:DFY) Receives C$74.20 Average Price Target 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%.

Shares of Definity Financial Co. (TSE:DFY - Get Free Report) have been given a consensus recommendation of "Hold" by the six brokerages that are currently covering the firm, Marketbeat Ratings reports. Five investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is C$74.20.

A number of equities analysts have weighed in on DFY shares. TD Securities increased their target price on shares of Definity Financial from C$80.00 to C$81.00 and gave the stock a "hold" rating in a research report on Friday, August 1st. CIBC set a C$80.00 price target on Definity Financial and gave the stock a "neutral" rating in a report on Thursday, June 12th. Raymond James Financial raised their target price on Definity Financial from C$65.00 to C$74.00 and gave the stock a "market perform" rating in a research note on Thursday, June 12th. Desjardins upgraded shares of Definity Financial to a "hold" rating in a research report on Wednesday, June 11th. Finally, Scotiabank raised their price objective on shares of Definity Financial from C$65.00 to C$76.00 in a research report on Wednesday, June 11th.

Definity Financial Stock Performance

TSE:DFY traded down C$0.26 during trading on Friday, reaching C$74.29. The company's stock had a trading volume of 11,278 shares, compared to its average volume of 170,968. The firm has a market cap of C$8.91 billion, a price-to-earnings ratio of 22.31, a price-to-earnings-growth ratio of 2.63 and a beta of -0.16. The firm has a 50 day moving average of C$73.72 and a 200-day moving average of C$70.34. Definity Financial has a 12 month low of C$51.95 and a 12 month high of C$79.95.

Insider Buying and Selling at Definity Financial

In related news, insider Liam Michael Mcfarlane sold 3,500 shares of Definity Financial stock in a transaction on Tuesday, September 9th. The stock was 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. This trade represents a 31.34% decrease in their ownership of the stock. Also, Director Sonia Baxendale purchased 500 shares of the company's stock in a transaction dated Tuesday, August 26th. The shares were acquired at an average price of C$69.00 per share, with a total value of C$34,500.00. Following the transaction, the director owned 750 shares in the company, valued at approximately C$51,750. The trade was a 200.00% increase in their position. 0.50% of the stock is currently owned by company insiders.

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.