Definity Financial Co. (TSE:DFY - Get Free Report) announced a quarterly dividend on Thursday, May 9th, Zacks reports. Investors of record on Thursday, June 13th will be given a dividend of 0.16 per share on Thursday, June 27th. This represents a $0.64 dividend on an annualized basis and a yield of 1.42%. The ex-dividend date of this dividend is Thursday, June 13th.
Definity Financial Trading Down 3.1 %
TSE:DFY traded down C$1.43 on Friday, reaching C$45.11. The stock had a trading volume of 323,881 shares, compared to its average volume of 108,114. Definity Financial has a 12-month low of C$32.09 and a 12-month high of C$47.50. The company has a market cap of C$5.20 billion and a price-to-earnings ratio of 15.04. The firm's fifty day moving average is C$44.99 and its two-hundred day moving average is C$40.71. The company has a debt-to-equity ratio of 4.99, a current ratio of 4.68 and a quick ratio of 0.31.
Definity Financial (TSE:DFY - Get Free Report) last announced its quarterly earnings data on Thursday, February 15th. The company reported C$0.86 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.74 by C$0.12. The business had revenue of C$1 billion for the quarter. Definity Financial had a net margin of 9.06% and a return on equity of 12.52%. Equities analysts expect that Definity Financial will post 2.6566549 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
DFY has been the topic of several analyst reports. Cormark raised their price objective on Definity Financial from C$42.00 to C$43.00 in a report on Friday, February 16th. CIBC lifted their price target on Definity Financial from C$46.00 to C$47.00 and gave the company an "outperform" rating in a report on Tuesday, April 16th. Royal Bank of Canada increased their price objective on shares of Definity Financial from C$50.00 to C$51.00 in a report on Friday. National Bankshares boosted their target price on shares of Definity Financial from C$59.00 to C$60.00 and gave the company an "outperform" rating in a report on Tuesday, April 30th. Finally, Raymond James increased their price target on shares of Definity Financial from C$42.00 to C$46.00 and gave the stock a "market perform" rating in a research note on Friday, February 16th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Definity Financial presently has an average rating of "Moderate Buy" and an average target price of C$47.80.
View Our Latest Stock Report on Definity Financial
About Definity Financial
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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.
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