Definity Financial (TSE:DFY) Shares Up 0.3% - What's Next?

Key Points

• Definity Financial's shares increased by 0.3%, reaching a last trading price of C$69.11, with a trading volume above average at 185,789 shares.
• Analysts have mixed ratings on the stock, with one Buy rating and six Hold ratings; the consensus price target is C$74.20.
• Insider transactions included a significant sale by Liam Mcfarlane, reducing their ownership by 31.34%, while Director Sonia Baxendale increased her position by 200% by purchasing shares.

Definity Financial Co. (TSE:DFY - Get Free Report)'s share price shot up 0.3% during mid-day trading on Friday . The company traded as high as C$69.20 and last traded at C$69.11. 185,789 shares traded hands during trading, an increase of 8% from the average session volume of 172,652 shares. The stock had previously closed at C$68.92.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on DFY. Barclays upgraded shares of Definity Financial to a "hold" rating in a research note on Tuesday, September 30th. 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. 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, 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. One research analyst has rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of C$74.20.

Definity Financial Price Performance

The stock has a market cap of C$8.29 billion, a P/E ratio of 20.75, a PEG ratio of 2.63 and a beta of -0.15. The business's fifty day moving average price is C$71.89 and its 200 day moving average price is C$71.28.

Insider Transactions at Definity Financial

In other news, insider Liam Michael Mcfarlane sold 3,500 shares of the stock in a transaction dated 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 completion of the transaction, the insider owned 7,669 shares of the company's stock, valued at approximately C$564,285.02. This represents a 31.34% decrease in their ownership of the stock. Also, Director Sonia Baxendale bought 1,500 shares of the company's stock in a transaction dated Tuesday, August 26th. The stock was bought at an average cost of C$69.80 per share, with a total value of C$104,700.00. Following the acquisition, the director directly owned 2,250 shares of the company's stock, valued at approximately C$157,050. The trade was a 200.00% increase in their position. 0.50% of the stock is currently owned by corporate 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.

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