Definity Financial (TSE:DFY) Issues Earnings Results

Definity Financial (TSE:DFY) announced its quarterly earnings data on Thursday. The company reported C$0.99 EPS for the quarter, FiscalAI reports. Definity Financial had a net margin of 12.32% and a return on equity of 18.19%. The business had revenue of C$1.10 billion for the quarter.

Definity Financial Stock Up 2.0%

DFY stock opened at C$67.85 on Friday. The stock has a 50-day simple moving average of C$72.43 and a two-hundred day simple moving average of C$71.26. Definity Financial has a twelve month low of C$57.25 and a twelve month high of C$79.95. The firm has a market capitalization of C$8.14 billion, a PE ratio of 16.75, a PEG ratio of 2.63 and a beta of -0.16.

Analysts Set New Price Targets

A number of equities research analysts recently commented on DFY shares. Raymond James Financial lowered their price target on shares of Definity Financial from C$74.00 to C$72.00 and set a “market perform” rating on the stock in a report on Friday. Desjardins lowered their target price on Definity Financial from C$80.00 to C$70.00 and set a “hold” rating on the stock in a research note on Friday, October 24th. National Bank Financial upped their price target on Definity Financial from C$92.00 to C$93.00 in a research report on Monday, November 10th. Barclays lifted their price objective on Definity Financial from C$80.00 to C$81.00 and gave the stock an “equal weight” rating in a report on Friday. Finally, Jefferies Financial Group set a C$88.00 price objective on shares of Definity Financial and gave the company a “buy” rating in a report on Wednesday, January 7th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Definity Financial currently has a consensus rating of “Hold” and a consensus price target of C$78.27.

Insider Activity at Definity Financial

In related news, insider Craig Edward David Richardson sold 1,881 shares of the company’s stock in a transaction that occurred on Friday, November 21st. The shares were sold at an average price of C$70.80, for a total transaction of C$133,174.80. Following the sale, the insider owned 7 shares of the company’s stock, valued at approximately C$495.60. This represents a 99.63% decrease in their position. Company insiders own 0.50% of the company’s stock.

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.