Definity Financial Co. (TSE:DFY) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Definity Financial Co. (TSE:DFY) has been given an average recommendation of “Moderate Buy” by the eight brokerages that are covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is C$79.20.

DFY has been the subject of a number of analyst reports. TD upped their price target on 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. Jefferies Financial Group upped their price target on Definity Financial from C$76.00 to C$81.00 in a research report on Monday, May 4th. National Bank Financial upped their price target on Definity Financial from C$93.00 to C$94.00 in a research report on Wednesday, April 29th. Barclays upped their price target on Definity Financial from C$78.00 to C$79.00 in a research report on Friday, May 8th. Finally, Desjardins dropped their price target on Definity Financial from C$75.00 to C$73.00 and set a “hold” rating for the company in a research report on Monday, April 27th.

Insider Buying and Selling at Definity Financial

In other news, insider Brigid V. Pelino sold 5,000 shares of the stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of C$72.00, for a total value of C$360,000.00. Following the completion of the sale, the insider owned 74,109 shares of the company’s stock, valued at C$5,335,848. This represents a 6.32% decrease in their position. 0.50% of the stock is currently owned by company insiders.

Definity Financial Trading Up 0.9%

Shares of DFY opened at C$74.90 on Friday. Definity Financial has a 52-week low of C$61.87 and a 52-week high of C$79.95. The company has a quick ratio of 0.31, a current ratio of 1.25 and a debt-to-equity ratio of 43.41. The firm’s fifty day moving average is C$68.65 and its two-hundred day moving average is C$69.30. The stock has a market cap of C$9.00 billion, a PE ratio of 23.12, a price-to-earnings-growth ratio of 2.63 and a beta of 0.00.

Definity Financial (TSE:DFY) last announced its 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 company had revenue of C$1.92 billion for the quarter. Research analysts forecast that Definity Financial will post 3.1263962 earnings per share for the current fiscal year.

Definity Financial Company Profile

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