Analysts Set Definity Financial Co. (TSE:DFY) PT at C$76.50

Definity Financial Co. (TSE:DFY) has received a consensus recommendation of “Hold” from the seven analysts that are covering the company, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is C$76.50.

A number of brokerages have recently issued reports on DFY. Desjardins cut their price target on Definity Financial from C$80.00 to C$70.00 and set a “hold” rating on the stock in a report on Friday, October 24th. BMO Capital Markets raised their price objective on Definity Financial from C$68.00 to C$73.00 in a research report on Monday, November 10th. Scotiabank boosted their target price on shares of Definity Financial from C$92.00 to C$93.00 in a report on Friday, November 7th. Barclays upgraded shares of Definity Financial to a “hold” rating in a report on Tuesday, September 30th. Finally, TD Securities raised shares of Definity Financial from a “hold” rating to a “buy” rating and lifted their price objective for the stock from C$74.00 to C$80.00 in a research report on Friday, November 7th.

Insiders Place Their Bets

In other Definity Financial news, insider Craig Edward David Richardson sold 1,881 shares of Definity Financial stock in a transaction on Friday, November 21st. The shares were sold at an average price of C$70.80, for a total value of C$133,174.80. Following the transaction, the insider directly owned 7 shares of the company’s stock, valued at approximately C$495.60. The trade was a 99.63% decrease in their ownership of the stock. 0.50% of the stock is currently owned by company insiders.

Definity Financial Stock Performance

Shares of DFY opened at C$75.87 on Friday. The company has a 50 day moving average price of C$71.47 and a 200-day moving average price of C$72.60. Definity Financial has a fifty-two week low of C$53.26 and a fifty-two week high of C$79.95. The stock has a market capitalization of C$9.10 billion, a PE ratio of 18.73, a PEG ratio of 2.63 and a beta of -0.09.

Definity Financial (TSE:DFY) last issued its quarterly earnings data on Thursday, November 6th. The company reported C$1.59 earnings per share (EPS) for the quarter. The company had revenue of C$1.56 billion for the quarter. Definity Financial had a net margin of 12.32% and a return on equity of 18.19%. Equities research analysts forecast that Definity Financial will post 3.1263962 EPS for the current 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.