Definity Financial Co. (TSE:DFY) Receives Consensus Rating of "Hold" from Analysts

Key Points

• Definity Financial Co. has received an average rating of "Hold" from seven brokerages, with the average 12-month price target set at C$74.20.
• Insider trading activity showed Liam Michael Mcfarlane sold 3,500 shares, decreasing his position by 31.34%, while Director Sonia Baxendale purchased 500 shares, increasing her position by 200.00%.
• The stock currently trades at C$69.11, with a 52-week range between C$52.20 and C$79.95, indicating volatility in its performance.

Shares of Definity Financial Co. (TSE:DFY - Get Free Report) have been assigned an average rating of "Hold" from the seven brokerages that are currently covering the firm, Marketbeat reports. Six analysts have rated the stock with a hold rating and one has issued a buy rating on the company. The average 12-month price objective among analysts that have covered the stock in the last year is C$74.20.

A number of brokerages have issued reports on DFY. TD Securities increased their price objective on shares of 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. National Bankshares increased their price objective 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. Royal Bank Of Canada upgraded shares of Definity Financial to a "moderate buy" rating and set a C$87.00 price objective on the stock in a research note on Wednesday, June 18th. Finally, Barclays upgraded shares of Definity Financial to a "hold" rating in a research note on Tuesday, September 30th.

Insider Buying and Selling

In other news, insider Liam Michael Mcfarlane sold 3,500 shares of the firm'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 value of C$257,530.00. Following the sale, the insider directly owned 7,669 shares in the company, valued at approximately C$564,285.02. This trade represents a 31.34% decrease in their position. Also, Director Sonia Baxendale purchased 500 shares of Definity Financial stock in a transaction dated Tuesday, August 26th. The stock was bought at an average price of C$69.00 per share, for a total transaction of C$34,500.00. Following the completion of the purchase, the director owned 750 shares in the company, valued at C$51,750. This represents a 200.00% increase in their position. Company insiders own 0.50% of the company's stock.

Definity Financial Stock Performance

TSE:DFY opened at C$69.11 on Tuesday. Definity Financial has a 52 week low of C$52.20 and a 52 week high of C$79.95. The firm has a market cap of C$8.29 billion, a price-to-earnings ratio of 20.75, a P/E/G ratio of 2.63 and a beta of -0.15. The firm's 50-day simple moving average is C$71.80 and its 200 day simple moving average is C$71.46.

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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