Definity Financial Co. (TSE:DFY) Receives Average Recommendation of "Moderate Buy" from Brokerages

Definity Financial Co. (TSE:DFY - Get Free Report) has earned a consensus rating of "Moderate Buy" from the eight analysts that are currently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is C$46.85.

A number of brokerages have recently issued reports on DFY. TD Securities lifted their price target on Definity Financial from C$45.00 to C$49.00 and gave the stock a "buy" rating in a research note on Friday, February 16th. Cormark lifted their price target on Definity Financial from C$42.00 to C$43.00 in a research note on Friday, February 16th. Royal Bank of Canada lifted their price target on Definity Financial from C$48.00 to C$49.00 and gave the stock an "outperform" rating in a research note on Friday, February 16th. National Bankshares lifted their price target on Definity Financial from C$57.00 to C$59.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 20th. Finally, Desjardins boosted their price objective on Definity Financial from C$40.00 to C$44.00 and gave the stock a "hold" rating in a research note on Tuesday, February 20th.

Definity Financial Price Performance

Shares of Definity Financial stock traded down C$0.38 on Friday, reaching C$43.62. The company's stock had a trading volume of 103,184 shares, compared to its average volume of 113,763. The company has a market capitalization of C$5.06 billion, a P/E ratio of 14.54, a PEG ratio of 2.63 and a beta of 0.08. Definity Financial has a 52-week low of C$32.09 and a 52-week high of C$47.50. The stock has a 50-day moving average price of C$43.57 and a 200-day moving average price of C$39.71. The company has a quick ratio of 0.31, a current ratio of 4.68 and a debt-to-equity ratio of 4.99.

Definity Financial (TSE:DFY - Get Free Report) last posted its quarterly earnings data on Thursday, February 15th. The company reported C$0.86 EPS for the quarter, beating analysts' consensus estimates of C$0.74 by C$0.12. The business had revenue of C$1 billion during the quarter. Definity Financial had a return on equity of 12.52% and a net margin of 9.06%. Analysts expect that Definity Financial will post 2.7913715 EPS for the current year.

Definity Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.47%. The ex-dividend date was Thursday, March 14th. This is a positive change from Definity Financial's previous quarterly dividend of $0.14. Definity Financial's dividend payout ratio is 21.33%.

About Definity Financial

Definity Financial Corporation, together with its subsidiaries, offers property and casualty insurance products in Canada. It provides personal insurance products, including auto, property, general and umbrella liability, and pet insurance products to individuals under the Economical, Sonnet, Family, Petsecure, and Peppermint brands; and commercial insurance products, which include fleet, commercial auto, property, liability, and specialty insurance products to businesses under the Definity Insurance and Economical brand name.