Definity Financial (TSE:DFY) Sets New 12-Month High – Here’s What Happened

Definity Financial Co. (TSE:DFY) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$80.58 and last traded at C$80.43, with a volume of 34726 shares traded. The stock had previously closed at C$79.30.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. TD raised 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 note on Friday, May 8th. Jefferies Financial Group upped their price target on shares of Definity Financial from C$76.00 to C$81.00 in a research report on Monday, May 4th. National Bank Financial increased their price target on Definity Financial from C$93.00 to C$94.00 in a report on Wednesday, April 29th. Canadian Imperial Bank of Commerce raised their price objective on Definity Financial from C$74.00 to C$84.00 in a research report on Tuesday, July 14th. Finally, Barclays boosted their price objective on Definity Financial from C$78.00 to C$79.00 in a research note on Friday, May 8th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of C$80.20.

Definity Financial Stock Performance

The stock’s fifty day moving average is C$72.87 and its two-hundred day moving average is C$69.66. The firm has a market capitalization of C$9.70 billion, a price-to-earnings ratio of 24.90, a price-to-earnings-growth ratio of 2.63 and a beta of -0.05. The company has a debt-to-equity ratio of 43.41, a quick ratio of 0.31 and a current ratio of 1.25.

Definity Financial (TSE:DFY) last issued its quarterly earnings data on Thursday, May 7th. The company reported C$0.97 EPS for the quarter. The firm had revenue of C$1.92 billion for the quarter. Definity Financial had a net margin of 6.94% and a return on equity of 9.82%. Analysts forecast that Definity Financial Co. will post 3.1263962 earnings per share for the current year.

Insider Buying and Selling

In other Definity Financial news, insider Brigid V. Pelino sold 5,000 shares of the firm’s stock in a transaction that occurred on 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 owned 74,109 shares in the company, valued at C$5,335,848. This trade represents a 6.32% decrease in their position. Corporate insiders own 0.50% of the company’s stock.

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.