Insider Selling: Definity Financial (TSE:DFY) Insider Sells 4,800 Shares of Stock

Definity Financial Co. (TSE:DFY) insider Innes Fraser Dey sold 4,800 shares of the 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 completion of the transaction, the insider directly owned 53,150 shares of the company’s stock, valued at C$4,305,150. This trade represents a 8.28% decrease in their position.

Innes Fraser Dey also recently made the following trade(s):

• On Tuesday, August 4th, Innes Fraser Dey sold 2,000 shares of Definity Financial stock. The stock was sold at an average price of C$80.49, for a total transaction of C$160,980.00.
• On Tuesday, August 4th, Innes Fraser Dey sold 1,800 shares of Definity Financial stock. The shares were sold at an average price of C$80.62, for a total value of C$145,116.00.
• On Tuesday, August 4th, Innes Fraser Dey sold 1,900 shares of Definity Financial stock. The shares were sold at an average price of C$80.60, for a total value of C$153,140.00.
• On Tuesday, August 4th, Innes Fraser Dey sold 1,338 shares of Definity Financial stock. The shares were sold at an average price of C$80.50, for a total value of C$107,709.00.
• On Tuesday, August 4th, Innes Fraser Dey sold 600 shares of Definity Financial stock. The stock was sold at an average price of C$81.10, for a total value of C$48,660.00.
• On Tuesday, August 4th, Innes Fraser Dey sold 500 shares of Definity Financial stock. The stock was sold at an average price of C$80.56, for a total value of C$40,280.00.
• On Tuesday, August 4th, Innes Fraser Dey sold 400 shares of Definity Financial stock. The stock was sold at an average price of C$81.09, for a total value of C$32,436.00.
• On Tuesday, August 4th, Innes Fraser Dey sold 200 shares of Definity Financial stock. The shares were sold at an average price of C$80.67, for a total value of C$16,134.00.
• On Tuesday, August 4th, Innes Fraser Dey sold 100 shares of Definity Financial stock. The shares were sold at an average price of C$80.90, for a total value of C$8,090.00.

Definity Financial Stock Down 0.2%

TSE:DFY traded down C$0.18 during trading hours on Wednesday, reaching C$81.60. The company had a trading volume of 85,510 shares, compared to its average volume of 180,812. The stock has a 50-day moving average of C$74.60 and a two-hundred day moving average of C$69.90. Definity Financial Co. has a one year low of C$61.87 and a one year high of C$82.59. The firm has a market capitalization of C$9.81 billion, a PE ratio of 21.19, a PEG ratio of 2.63 and a beta of -0.05.

Definity Financial (TSE:DFY) last issued its quarterly earnings data on Thursday, July 30th. The company reported C$0.97 earnings per share (EPS) for the quarter. The company had revenue of C$2.05 billion during the quarter. Definity Financial had a return on equity of 11.45% and a net margin of 7.22%. As a group, sell-side analysts expect that Definity Financial Co. will post 3.1263962 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently issued reports on DFY shares. Desjardins cut their price target on shares of 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. Jefferies Financial Group upped their price objective on shares of Definity Financial from C$83.00 to C$91.00 and gave the stock a “buy” rating in a research note on Monday, July 27th. National Bank Financial upped their price objective on shares of Definity Financial from C$94.00 to C$96.00 and gave the stock an “outperform” rating in a research note on Monday, July 27th. Canadian Imperial Bank of Commerce raised their price objective on shares of Definity Financial from C$74.00 to C$84.00 in a report on Tuesday, July 14th. Finally, Raymond James Financial lifted their target price on shares of Definity Financial from C$80.00 to C$85.00 and gave the company a “market perform” rating in a research note on Friday, July 31st. Four analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of C$83.40.

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.