Definity Financial (TSE:DFY) Stock Price Up 0.8% - What's Next?

Key Points

• Definity Financial shares rose 0.8% to C$74.09, although trading volume was 26% below the average session volume.
• Analysts remain broadly positive, with a consensus rating of “Moderate Buy” and an average price target of C$83.40, implying upside from the latest price.
• The company reported quarterly EPS of C$0.97 on C$2.05 billion in revenue, while insiders sold 18,638 shares worth approximately C$1.46 million over the past 90 days.

Definity Financial Co. (TSE:DFY - Get Free Report)'s stock price traded up 0.8% on Tuesday . The stock traded as high as C$74.43 and last traded at C$74.09. 131,106 shares traded hands during trading, a decline of 26% from the average session volume of 178,131 shares. The stock had previously closed at C$73.50.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Raymond James Financial upped their price target on shares of Definity Financial from C$80.00 to C$85.00 and gave the stock a "market perform" rating in a research report on Friday, July 31st. National Bank Financial lifted their target price on shares of Definity Financial from C$94.00 to C$96.00 and gave the company an "outperform" rating in a research note on Monday, July 27th. TD lifted their target price on shares of Definity Financial from C$89.00 to C$93.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Jefferies Financial Group upped their target price on shares of Definity Financial from C$83.00 to C$91.00 and gave the stock a "buy" rating in a report on Monday, July 27th. Finally, Canadian Imperial Bank of Commerce increased their price target on Definity Financial from C$74.00 to C$84.00 in a research note on Tuesday, July 14th. Four analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of C$83.40.

Definity Financial Stock Performance

The company has a market capitalization of C$8.90 billion, a P/E ratio of 19.24, a price-to-earnings-growth ratio of 2.63 and a beta of -0.02. The business has a 50 day moving average of C$77.28 and a 200 day moving average of C$70.86. The company has a quick ratio of 0.31, a current ratio of 1.35 and a debt-to-equity ratio of 37.12.

Definity Financial (TSE:DFY - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The company reported C$0.97 earnings per share (EPS) for the quarter. The business had revenue of C$2.05 billion for the quarter. Definity Financial had a return on equity of 11.45% and a net margin of 7.22%. On average, sell-side analysts predict that Definity Financial Co. will post 3.1263962 earnings per share for the current year.

Insider Buying and Selling at Definity Financial

In other Definity Financial news, insider Brigid V. Pelino sold 5,000 shares of the stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of C$72.00, for a total transaction of C$360,000.00. Following the completion of the transaction, the insider owned 74,109 shares in the company, valued at C$5,335,848. This trade represents a 6.32% decrease in their ownership of the stock. Also, insider Innes Fraser Dey sold 4,800 shares of Definity Financial stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of C$81.00, for a total transaction of C$388,800.00. Following the completion of the transaction, the insider directly owned 53,150 shares of the company's stock, valued at C$4,305,150. The trade was a 8.28% decrease in their ownership of the stock. Insiders sold 18,638 shares of company stock worth $1,461,345 in the last 90 days. 0.50% of the stock is currently owned by company 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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