Sonia Baxendale Buys 1,500 Shares of Definity Financial (TSE:DFY) Stock

Key Points

• Definity Financial Director Sonia Baxendale acquired 1,500 shares at an average cost of C$69.80, totaling C$104,700, increasing her position by 200%.
• Definity Financial's stock saw a 1.4% increase, reaching C$73.98, with a market capitalization of C$8.87 billion and a P/E ratio of 22.22.
• Analysts have varied target prices for Definity Financial, with National Bankshares setting a target of C$92.00 and the overall average target price at C$74.20, suggesting a general "Hold" rating.

Definity Financial Co. (TSE:DFY - Get Free Report) Director Sonia Baxendale purchased 1,500 shares of the stock in a transaction on Tuesday, August 26th. The stock was acquired at an average cost of C$69.80 per share, with a total value of C$104,700.00. Following the acquisition, the director owned 2,250 shares of the company's stock, valued at approximately C$157,050. This represents a 200.00% increase in their position.

Sonia Baxendale also recently made the following trade(s):

• On Tuesday, August 26th, Sonia Baxendale bought 500 shares of Definity Financial stock. The shares were purchased at an average cost of C$69.00 per share, with a total value of C$34,500.00.

Definity Financial Stock Down 0.8%

Shares of Definity Financial stock traded down C$0.58 on Friday, reaching C$73.72. 118,387 shares of the stock were exchanged, compared to its average volume of 169,449. Definity Financial Co. has a twelve month low of C$48.89 and a twelve month high of C$79.95. The firm has a market capitalization of C$8.84 billion, a price-to-earnings ratio of 22.14, a PEG ratio of 2.63 and a beta of -0.16. The business has a 50 day moving average price of C$74.13 and a two-hundred day moving average price of C$69.90.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Raymond James Financial lifted their target price on Definity Financial from C$65.00 to C$74.00 and gave the stock a "market perform" rating in a report on Thursday, June 12th. CIBC set a C$80.00 target price on Definity Financial and gave the stock a "neutral" rating in a report on Thursday, June 12th. Desjardins raised Definity Financial to a "hold" rating in a report on Wednesday, June 11th. Scotiabank lifted their target price on Definity Financial from C$65.00 to C$76.00 in a report on Wednesday, June 11th. Finally, TD Securities lifted their target price on Definity Financial from C$80.00 to C$81.00 and gave the stock a "hold" rating in a report on Friday, August 1st. One equities research analyst has rated the stock with a Buy rating and five have given a Hold rating to the company's stock. According to data from MarketBeat.com, Definity Financial has an average rating of "Hold" and an average target price of C$74.20.

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.