Definity Financial Co. (TSE:DFY) Receives C$46.85 Average PT from Analysts

Definity Financial Co. (TSE:DFY) has earned an average recommendation of “Moderate Buy” from the eight research firms that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is C$47.30.

DFY has been the subject of several recent research reports. National Bankshares upped their price target on Definity Financial from C$57.00 to C$59.00 and gave the stock an “outperform” rating in a report on Tuesday, February 20th. TD Securities upped their price target on Definity Financial from C$45.00 to C$49.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Cormark boosted their price objective on Definity Financial from C$42.00 to C$43.00 in a research report on Friday, February 16th. Royal Bank of Canada boosted their price objective on Definity Financial from C$48.00 to C$49.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th. Finally, CIBC boosted their price objective on Definity Financial from C$46.00 to C$47.00 and gave the stock an “outperform” rating in a research report on Tuesday.

Definity Financial Price Performance

Shares of DFY opened at C$44.04 on Friday. The firm has a market cap of C$5.10 billion, a PE ratio of 14.68, a price-to-earnings-growth ratio of 2.63 and a beta of 0.08. Definity Financial has a 52-week low of C$32.09 and a 52-week high of C$47.50. The business’s 50 day moving average price is C$43.77 and its two-hundred day moving average price is C$39.84. The company has a debt-to-equity ratio of 4.99, a quick ratio of 0.31 and a current ratio of 4.68.

Definity Financial (TSE:DFY) last released its quarterly earnings data on Thursday, February 15th. The company reported C$0.86 EPS for the quarter, beating the consensus estimate of C$0.74 by C$0.12. The firm had revenue of C$1 billion during the quarter. Definity Financial had a return on equity of 12.52% and a net margin of 9.06%. On average, equities analysts anticipate that Definity Financial will post 2.7913715 EPS for the current year.

Definity Financial Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a dividend of $0.16 per share. The ex-dividend date was Thursday, March 14th. This is a positive change from Definity Financial’s previous quarterly dividend of $0.14. This represents a $0.64 annualized dividend and a dividend yield of 1.45%. Definity Financial’s dividend payout ratio is 21.33%.

Definity Financial Company Profile

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.