Definity Financial Co. (TSE:DFY) Stock Has Average Price Target of C$83.08 According to Brokerages

Shares of Definity Financial Co. (TSE:DFY) have been assigned a consensus rating of “Moderate Buy” from the nine research firms that are presently covering the company, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is C$83.08.

Several analysts have issued reports on DFY shares. National Bank Financial upped their target price on Definity Financial from C$94.00 to C$96.00 and gave the company an “outperform” rating in a report on Monday, July 27th. Canadian Imperial Bank of Commerce lifted their price target on Definity Financial from C$74.00 to C$84.00 in a report on Tuesday, July 14th. RBC Dominion Securities lowered their price target on shares of Definity Financial from C$94.00 to C$87.00 and set an “outperform” rating on the stock in a research report on Thursday, October 15th. Scotia decreased their target price on shares of Definity Financial from C$84.00 to C$83.00 and set a “sector perform” rating on the stock in a report on Wednesday, October 7th. Finally, Raymond James Financial cut their price target on shares of Definity Financial from C$85.00 to C$84.00 and set a “market perform” rating for the company in a report on Friday, October 16th.

Insider Buying and Selling

In related news, insider Innes Fraser Dey sold 4,800 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of C$81.00, for a total value 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. This represents a 8.28% decrease in their ownership of the stock. Insiders sold 13,638 shares of company stock valued at $1,101,345 in the last 90 days. Corporate insiders own 0.50% of the company’s stock.

Definity Financial Price Performance

TSE:DFY opened at C$71.72 on Friday. Definity Financial has a one year low of C$61.87 and a one year high of C$82.59. The company has a debt-to-equity ratio of 37.12, a quick ratio of 0.31 and a current ratio of 1.35. The stock has a market cap of C$8.61 billion, a PE ratio of 18.63, a P/E/G ratio of 2.63 and a beta of 0.10. The stock has a 50 day moving average price of C$71.57 and a 200 day moving average price of C$70.86.

Definity Financial (TSE:DFY) last announced its quarterly earnings data on Thursday, July 30th. The company reported C$0.97 EPS for the quarter. The firm had revenue of C$2.05 billion for the quarter. Definity Financial had a return on equity of 11.45% and a net margin of 7.22%. Equities research analysts expect that Definity Financial will post 3.13 EPS for the current fiscal 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.