Definity Financial (TSE:DFY) Price Target Raised to C$96.00

Definity Financial (TSE:DFY) had its price target boosted by National Bank Financial from C$94.00 to C$96.00 in a research report released on Monday,BayStreet.CA reports. National Bank Financial currently has an outperform rating on the stock.

Several other analysts also recently commented on DFY. TD increased their price objective on shares of 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. Canadian Imperial Bank of Commerce lifted their target price on shares of Definity Financial from C$74.00 to C$84.00 in a report on Tuesday, July 14th. Desjardins decreased their target price 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. Barclays upped their target price on shares of Definity Financial from C$78.00 to C$79.00 in a research note on Friday, May 8th. Finally, Jefferies Financial Group raised their price target on shares of Definity Financial from C$76.00 to C$81.00 in a research report on Monday, May 4th. Four research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of C$81.40.

Definity Financial Trading Down 2.0%

Definity Financial stock opened at C$79.21 on Monday. The company has a current ratio of 1.25, a quick ratio of 0.31 and a debt-to-equity ratio of 43.41. The business’s fifty day simple moving average is C$73.59 and its two-hundred day simple moving average is C$69.77. Definity Financial has a 12 month low of C$61.87 and a 12 month high of C$81.99. The company has a market capitalization of C$9.52 billion, a price-to-earnings ratio of 24.45, a price-to-earnings-growth ratio of 2.63 and a beta of -0.05.

Definity Financial (TSE:DFY) last released its earnings results on Thursday, May 7th. The company reported C$0.97 EPS for the quarter. The firm had revenue of C$1.92 billion for the quarter. Definity Financial had a return on equity of 9.82% and a net margin of 6.94%. As a group, equities analysts predict that Definity Financial will post 3.1263962 earnings per share for the current fiscal year.

Insider Activity at Definity Financial

In related news, insider Brigid V. Pelino sold 5,000 shares of Definity Financial stock in a transaction dated Wednesday, June 10th. The stock was 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 directly owned 74,109 shares in the company, valued at approximately C$5,335,848. This trade represents a 6.32% decrease in their position. 0.50% of the stock is owned by company insiders.

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.