Analysts Set Definity Financial Co. (TSE:DFY) Target Price at C$78.27

Shares of Definity Financial Co. (TSE:DFY) have been given an average recommendation of “Hold” by the eight analysts that are currently covering the firm, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$79.80.

A number of equities research analysts have commented on DFY shares. 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. TD Securities raised shares of Definity Financial from a “hold” rating to a “buy” rating and increased their target price for the company from C$74.00 to C$80.00 in a research report on Friday, November 7th. Desjardins dropped their price target on shares of Definity Financial from C$80.00 to C$70.00 and set a “hold” rating on the stock in a research report on Friday, October 24th. Canadian Imperial Bank of Commerce reduced their price objective on shares of Definity Financial from C$80.00 to C$74.00 and set a “neutral” rating on the stock in a research note on Thursday, October 23rd. Finally, Scotiabank boosted their target price on shares of Definity Financial from C$65.00 to C$80.00 in a report on Friday, January 30th.

Insider Buying and Selling

In other Definity Financial news, insider Craig Edward David Richardson sold 1,881 shares of the business’s stock in a transaction that occurred on Friday, November 21st. The stock was 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 owned by corporate insiders.

Definity Financial Price Performance

DFY opened at C$67.75 on Monday. Definity Financial has a fifty-two week low of C$57.25 and a fifty-two week high of C$79.95. The company’s 50 day moving average price is C$72.18 and its two-hundred day moving average price is C$71.06. The firm has a market capitalization of C$8.12 billion, a price-to-earnings ratio of 19.30, a PEG ratio of 2.63 and a beta of -0.16.

Definity Financial (TSE:DFY) last released its quarterly earnings results on Thursday, February 12th. The company reported C$0.99 earnings per share (EPS) for the quarter. The firm had revenue of C$1.10 billion during the quarter. Definity Financial had a net margin of 12.32% and a return on equity of 18.19%. As a group, equities research analysts predict that Definity Financial will post 3.1263962 EPS for the current year.

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.