Definity Financial (TSE:DFY) Shares Down 0.2% Following Insider Selling

Key Points

• Definity Financial's share price decreased by 0.2% on Monday, trading at C$73.60, following insider Liam Michael Mcfarlane's sale of 3,500 shares at an average price of C$73.58.
• Analysts have provided mixed reviews, with the stock being rated as a "Hold" by most, and a consensus price target of C$74.20.
• The company's market capitalization stands at C$8.82 billion, with a P/E ratio of 22.10 and a PEG ratio of 2.63.

Definity Financial Co. (TSE:DFY - Get Free Report) shares were down 0.2% during mid-day trading on Monday following insider selling activity. The company traded as low as C$72.91 and last traded at C$73.60. Approximately 155,833 shares changed hands during trading, a decline of 8% from the average daily volume of 169,372 shares. The stock had previously closed at C$73.72.

Specifically, insider Liam Michael Mcfarlane sold 3,500 shares of the business's 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 transaction, the insider directly owned 7,669 shares in the company, valued at C$564,285.02. The trade was a 31.34% decrease in their position.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on DFY. National Bankshares boosted their target price on shares of Definity Financial from C$90.00 to C$92.00 and gave the company an "outperform" rating in a report on Tuesday, July 29th. CIBC set a C$80.00 price objective on shares of Definity Financial and gave the stock a "neutral" rating in a report on Thursday, June 12th. Desjardins upgraded shares of Definity Financial to a "hold" rating in a report on Wednesday, June 11th. 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 report on Wednesday, June 18th. Finally, Raymond James Financial upped their price objective on shares of 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 analyst has rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of C$74.20.

Definity Financial Trading Up 2.0%

The company has a market capitalization of C$8.94 billion, a price-to-earnings ratio of 22.39, a price-to-earnings-growth ratio of 2.63 and a beta of -0.16. The stock's fifty day simple moving average is C$73.72 and its 200-day simple moving average is C$70.24.

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.