Definity Financial Co. (TSE:DFY) Given Consensus Recommendation of “Hold” by Brokerages

Definity Financial Co. (TSE:DFY) has earned a consensus recommendation of “Hold” from the ten ratings firms that are presently covering the stock, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is C$52.60.

A number of research firms have weighed in on DFY. Cormark raised their price objective on shares of Definity Financial from C$49.00 to C$51.00 in a report on Friday, July 26th. Royal Bank of Canada boosted their price target on shares of Definity Financial from C$58.00 to C$61.00 in a research report on Friday, August 2nd. Desjardins raised their price objective on Definity Financial from C$47.00 to C$52.00 and gave the stock a “hold” rating in a report on Tuesday, August 6th. National Bankshares boosted their target price on Definity Financial from C$60.00 to C$62.00 and gave the company an “outperform” rating in a report on Tuesday, August 6th. Finally, Scotiabank dropped their price target on Definity Financial from C$52.00 to C$51.00 and set a “sector perform” rating on the stock in a research note on Thursday, August 22nd.

Definity Financial Stock Performance

Shares of DFY stock opened at C$49.04 on Monday. Definity Financial has a 12 month low of C$35.48 and a 12 month high of C$50.71. The company has a current ratio of 7.68, a quick ratio of 0.31 and a debt-to-equity ratio of 6.38. The company has a market cap of C$5.63 billion, a P/E ratio of 14.82, a PEG ratio of 2.63 and a beta of 0.01. The firm has a fifty day moving average price of C$48.42 and a 200 day moving average price of C$45.84.

Definity Financial (TSE:DFY) last released its quarterly earnings data on Thursday, August 1st. The company reported C$0.94 EPS for the quarter, beating analysts’ consensus estimates of C$0.66 by C$0.28. The business had revenue of C$1.05 billion for the quarter, compared to the consensus estimate of C$1.07 billion. Definity Financial had a return on equity of 13.00% and a net margin of 9.60%. Sell-side analysts predict that Definity Financial will post 2.9052876 earnings per share for the current fiscal year.

Definity Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.31%. The ex-dividend date of this dividend is Friday, September 13th. Definity Financial’s dividend payout ratio is presently 19.34%.

About Definity Financial

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.