Definity Financial (TSE:DFY) Raised to Hold at Barclays

Key Points

• Definity Financial has been upgraded to a "hold" rating by Barclays, joining several other brokerages that have recently reassessed the company’s stock.
• Scotiabank raised its price target for Definity Financial from C$65.00 to C$76.00, while TD Securities also increased their target price from C$80.00 to C$81.00.
• The company’s stock is currently trading at C$70.11, reflecting a slight decline of 0.5% during recent trading sessions.

Definity Financial (TSE:DFY - Get Free Report) was upgraded by research analysts at Barclays to a "hold" rating in a research note issued on Tuesday,Zacks.com reports.

A number of other brokerages also recently issued reports on DFY. Scotiabank raised their price target on Definity Financial from C$65.00 to C$76.00 in a research report on Wednesday, June 11th. Desjardins upgraded Definity Financial to a "hold" rating in a research note on Wednesday, June 11th. TD Securities lifted their target price on Definity Financial from C$80.00 to C$81.00 and gave the company a "hold" rating in a research note on Friday, August 1st. Cormark upgraded Definity Financial from a "hold" rating to a "moderate buy" rating in a research note on Wednesday, June 11th. Finally, 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. One investment analyst has rated the stock with a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Definity Financial has an average rating of "Hold" and a consensus target price of C$74.20.

Definity Financial Trading Down 0.5%

Definity Financial stock traded down C$0.33 during midday trading on Tuesday, hitting C$70.11. The stock had a trading volume of 7,438 shares, compared to its average volume of 169,903. The firm's fifty day moving average is C$72.82 and its two-hundred day moving average is C$70.80. The company has a market capitalization of C$8.32 billion, a PE ratio of 21.05, a P/E/G ratio of 2.63 and a beta of -0.16. Definity Financial has a 52-week low of C$52.16 and a 52-week high of C$79.95.

Insider Activity at Definity Financial

In other Definity Financial news, insider Liam Michael Mcfarlane sold 3,500 shares of the company's stock in a transaction on Tuesday, September 9th. The stock was sold at an average price of C$73.58, for a total value of C$257,530.00. Following the completion of the sale, the insider directly owned 7,669 shares in the company, valued at C$564,285.02. This represents a 31.34% decrease in their position. Also, Director Sonia Baxendale purchased 500 shares of the firm's stock in a transaction dated Tuesday, August 26th. The stock was acquired at an average cost of C$69.00 per share, for a total transaction of C$34,500.00. Following the purchase, the director owned 750 shares in the company, valued at approximately C$51,750. The trade was a 200.00% increase in their ownership of the stock. 0.50% of the stock is currently owned by insiders.

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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