Definity Financial Co. (TSE:DFY) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

Definity Financial Co. (TSE:DFY) has received an average rating of “Moderate Buy” from the nine analysts that are presently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is C$83.33.

A number of brokerages recently issued reports on DFY. RBC Dominion Securities decreased their price objective on shares of Definity Financial from C$94.00 to C$87.00 and set an “outperform” rating for the company in a report on Thursday, October 15th. Canadian Imperial Bank of Commerce increased their target price on shares of Definity Financial from C$74.00 to C$84.00 in a report on Tuesday, July 14th. TD reduced their price target on shares of Definity Financial from C$93.00 to C$87.00 and set a “buy” rating on the stock in a research report on Wednesday, October 14th. National Bank Financial reduced their price target on shares of Definity Financial from C$96.00 to C$92.00 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Scotia decreased their price target on shares of Definity Financial from C$84.00 to C$83.00 and set a “sector perform” rating for the company in a report on Wednesday, October 7th.

Insider Buying and Selling

In other Definity Financial news, insider Innes Fraser Dey sold 4,800 shares of Definity Financial stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of C$81.00, for a total transaction of C$388,800.00. Following the transaction, the insider directly owned 53,150 shares in the company, valued at approximately C$4,305,150. The trade was a 8.28% decrease in their ownership of the stock. Over the last 90 days, insiders sold 13,638 shares of company stock worth $1,101,345. Company insiders own 0.50% of the company’s stock.

Definity Financial Price Performance

Shares of DFY opened at C$73.27 on Friday. The stock has a market cap of C$8.80 billion, a P/E ratio of 19.03, a price-to-earnings-growth ratio of 2.63 and a beta of 0.10. Definity Financial has a 1 year low of C$61.87 and a 1 year high of C$82.59. The stock’s 50-day moving average price is C$71.31 and its two-hundred day moving average price is C$70.78. The company has a current ratio of 1.35, a quick ratio of 0.31 and a debt-to-equity ratio of 37.12.

Definity Financial (TSE:DFY) last announced its quarterly earnings results on Thursday, July 30th. The company reported C$0.97 earnings per share for the quarter. Definity Financial had a net margin of 7.22% and a return on equity of 11.45%. The business had revenue of C$2.05 billion for the quarter. On average, equities analysts predict that Definity Financial will post 3.13 earnings per share for the current year.

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.