Definity Financial (TSE:DFY) Hits New 52-Week High – What’s Next?

Definity Financial Co. (TSE:DFY)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as C$79.24 and last traded at C$78.67, with a volume of 25804 shares changing hands. The stock had previously closed at C$77.48.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Desjardins cut their price objective on Definity Financial from C$75.00 to C$73.00 and set a “hold” rating for the company in a report on Monday, April 27th. Barclays raised their target price on shares of Definity Financial from C$78.00 to C$79.00 in a research note on Friday, May 8th. TD lifted their target price on shares of Definity Financial from C$85.00 to C$86.00 and gave the company a “buy” rating in a research report on Friday, May 8th. National Bank Financial boosted their price target on shares of Definity Financial from C$93.00 to C$94.00 in a research note on Wednesday, April 29th. Finally, Jefferies Financial Group increased their price target on shares of Definity Financial from C$76.00 to C$81.00 in a report on Monday, May 4th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of C$79.20.

Definity Financial Stock Performance

The company has a debt-to-equity ratio of 43.41, a quick ratio of 0.31 and a current ratio of 1.25. The company has a market cap of C$9.49 billion, a PE ratio of 24.37, a PEG ratio of 2.63 and a beta of -0.05. The business’s 50-day moving average is C$70.09 and its 200 day moving average is C$69.44.

Definity Financial (TSE:DFY) last posted its quarterly earnings results on Thursday, May 7th. The company reported C$0.97 earnings per share (EPS) for the quarter. Definity Financial had a net margin of 6.94% and a return on equity of 9.82%. The business had revenue of C$1.92 billion during the quarter. On average, equities research analysts predict that Definity Financial Co. will post 3.1263962 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, insider Brigid V. Pelino sold 5,000 shares of the stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of C$72.00, for a total transaction of C$360,000.00. Following the completion of the sale, the insider directly owned 74,109 shares in the company, valued at C$5,335,848. This represents a 6.32% decrease in their position. 0.50% of the stock is owned by corporate insiders.

About Definity Financial

Definity Financial Corp is a multi-channel, property, and casualty insurance company. It offers auto, property, liability, and pet insurance products to individual customers.