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TSE:DFY

Definity Financial (DFY) Stock Price, News & Analysis

C$44.03
+0.16 (+0.36%)
(As of 05/22/2024 ET)
Today's Range
C$43.56
C$44.63
50-Day Range
C$42.78
C$46.65
52-Week Range
C$32.09
C$47.50
Volume
67,844 shs
Average Volume
106,480 shs
Market Capitalization
C$5.07 billion
P/E Ratio
14.53
Dividend Yield
1.45%
Price Target
C$48.95

Definity Financial MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
11.2% Upside
C$48.95 Price Target
Short Interest
N/A
Dividend Strength
Weak
Based on Four Factors
Sustainability
N/A
News Sentiment
0.52mentions of Definity Financial in the last 14 days
Based on 2 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
N/A

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

2.88 out of 5 stars

DFY stock logo

About Definity Financial Stock (TSE:DFY)

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. The company distributes its products on a primarily intermediated basis, and through brokers, as well as directly to customers. It markets its commercial insurance products to small businesses and mid-market companies, as well as various targeted segments. The company was formerly known as Economical Holdings Corporation and changed its name to Definity Financial Corporation in August 2021. Definity Financial Corporation was founded in 1871 and is headquartered in Waterloo, Canada.

DFY Stock Price History

DFY Stock News Headlines

Definity Financial (TSE:DFY) Price Target Cut to C$43.00
Definity Financial (TSE:DFY) PT Lowered to C$51.00
DEFINITY FINL CORP (DFYFF)
Desjardins Maintains Their Hold Rating on Definity Financial Corp. (DFY)
See More Headlines
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Company Calendar

Ex-Dividend for 3/28 Dividend
3/14/2024
Dividend Payable
3/28/2024
Today
5/23/2024
Ex-Dividend for 6/27 Dividend
6/13/2024
Dividend Payable
6/27/2024
Next Earnings (Estimated)
8/01/2024

Industry, Sector and Symbol

Industry
Insurance - Property & Casualty
Sub-Industry
N/A
CIK
N/A
Fax
N/A
Employees
3,442
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
C$48.95
High Stock Price Target
C$60.00
Low Stock Price Target
C$43.00
Potential Upside/Downside
+11.2%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
9 Analysts

Profitability

Net Income
C$354.40 million
Pretax Margin
N/A

Debt

Sales & Book Value

Annual Sales
C$3.96 billion
Cash Flow
C$3.58 per share
Book Value
C$25.41 per share

Miscellaneous

Free Float
N/A
Market Cap
C$5.07 billion
Optionable
Not Optionable
Beta
N/A
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Key Executives

  • Mr. Rowan Saunders B.A. (Age 60)
    CEO, President & Director
    Comp: $2.39M
  • Mr. Philip Mather B.Sc. (Age 49)
    B.Sc. (Hons), C.A., CA, Executive VP & CFO
    Comp: $1.1M
  • Mr. Innes Fraser Dey B.Sc. (Hons) (Age 55)
    LL.B, Senior Vice-President of Legal & Strategy
    Comp: $789.47k
  • Mr. Fabian Richenberger (Age 57)
    Executive Vice-President of Commercial Insurance & Insurance Operations
    Comp: $1.24M
  • Mr. Paul MacDonald (Age 50)
    Executive Vice President of Personal Insurance & Digital Channels
    Comp: $959.99k
  • Ms. Tatjana Lalkovic (Age 56)
    Senior VP & CTO
  • Mr. Dennis Westfall MBA
    Head of Investor Relations
  • Ms. Sarah Attwells
    Assistant Vice President of Corporate Communication
  • Ms. Brigid V. Pelino (Age 60)
    Senior VP and Chief People & Culture Officer
  • Mr. Liam McFarlane (Age 61)
    Chief Risk & Actuarial Officer

DFY Stock Analysis - Frequently Asked Questions

Should I buy or sell Definity Financial stock right now?

9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Definity Financial in the last year. There are currently 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" DFY shares.
View DFY analyst ratings
or view top-rated stocks.

What is Definity Financial's stock price target for 2024?

9 Wall Street research analysts have issued 1 year price objectives for Definity Financial's stock. Their DFY share price targets range from C$43.00 to C$60.00. On average, they expect the company's share price to reach C$48.95 in the next twelve months. This suggests a possible upside of 11.2% from the stock's current price.
View analysts price targets for DFY
or view top-rated stocks among Wall Street analysts.

How have DFY shares performed in 2024?

Definity Financial's stock was trading at C$37.54 at the beginning of 2024. Since then, DFY shares have increased by 17.3% and is now trading at C$44.03.
View the best growth stocks for 2024 here
.

When is Definity Financial's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, August 1st 2024.
View our DFY earnings forecast
.

How often does Definity Financial pay dividends? What is the dividend yield for Definity Financial?

Definity Financial announced a quarterly dividend on Thursday, May 9th. Shareholders of record on Thursday, June 13th will be paid a dividend of 0.16 per share on Thursday, June 27th. This represents a $0.64 annualized dividend and a yield of 1.45%. The ex-dividend date is Thursday, June 13th.
Read our dividend analysis for DFY
.

Is Definity Financial a good dividend stock?

Definity Financial (TSE:DFY) pays an annual dividend of C$0.64 per share and currently has a dividend yield of 1.45%. The dividend payout ratio is 21.12%. This payout ratio is at a healthy, sustainable level, below 75%.
Read our dividend analysis for DFY.

How do I buy shares of Definity Financial?

Shares of DFY stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

This page (TSE:DFY) was last updated on 5/23/2024 by MarketBeat.com Staff

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