Definity Financial (TSE:DFY) Director Acquires C$104,700.00 in 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 acquired 1,500 shares of the company's stock in a transaction on Tuesday, August 26th. The stock was acquired at an average cost of C$69.80 per share, for a total transaction of C$104,700.00. Following the completion of the acquisition, the director owned 2,250 shares of the company's stock, valued at C$157,050. This trade represents a 200.00% increase in their position.

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

• On Tuesday, August 26th, Sonia Baxendale acquired 500 shares of Definity Financial stock. The stock was acquired at an average cost of C$69.00 per share, for a total transaction of C$34,500.00.

Definity Financial Stock Up 1.4%

Shares of TSE DFY traded up C$0.99 during midday trading on Tuesday, hitting C$73.98. The stock had a trading volume of 79,988 shares, compared to its average volume of 169,729. The company has a market capitalization of C$8.87 billion, a PE ratio of 22.22, a P/E/G ratio of 2.63 and a beta of -0.16. The stock has a 50 day simple moving average of C$74.46 and a 200-day simple moving average of C$69.59. Definity Financial Co. has a 1 year low of C$48.89 and a 1 year high of C$79.95.

Wall Street Analyst Weigh In

DFY has been the topic of several research reports. National Bankshares raised their target price on Definity Financial from C$90.00 to C$92.00 and gave the company an "outperform" rating in a research report on Tuesday, July 29th. 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. TD Securities raised their target price 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. Desjardins upgraded Definity Financial to a "hold" rating in a research report on Wednesday, June 11th. Finally, Scotiabank raised their price target on Definity Financial from C$65.00 to C$76.00 in a research report on Wednesday, June 11th. One investment analyst has rated the stock with a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently 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.

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