Definity Financial (TSE:DFY) Announces Earnings Results

Definity Financial (TSE:DFY) posted its quarterly earnings results on Thursday. The company reported C$0.97 EPS for the quarter, FiscalAI reports. Definity Financial had a return on equity of 9.82% and a net margin of 6.94%.The business had revenue of C$2.05 billion during the quarter.

Definity Financial Trading Down 0.9%

DFY opened at C$78.51 on Friday. The company has a market cap of C$9.44 billion, a P/E ratio of 24.23, a PEG ratio of 2.63 and a beta of -0.05. 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 company’s 50 day moving average is C$73.78 and its 200-day moving average is C$69.79. Definity Financial has a 1-year low of C$61.87 and a 1-year high of C$81.99.

Analyst Ratings Changes

Several equities analysts have commented on DFY shares. Jefferies Financial Group raised their target price on shares of Definity Financial from C$83.00 to C$91.00 and gave the company a “buy” rating in a report on Monday. Barclays increased their price target on shares of Definity Financial from C$78.00 to C$79.00 in a research report on Friday, May 8th. TD boosted 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. Desjardins cut their target price on Definity Financial from C$75.00 to C$73.00 and set a “hold” rating for the company in a research note on Monday, April 27th. Finally, Canadian Imperial Bank of Commerce raised their target price on Definity Financial from C$74.00 to C$84.00 in a report on Tuesday, July 14th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Definity Financial currently has an average rating of “Moderate Buy” and a consensus price target of C$81.40.

Insider Transactions at Definity Financial

In related news, insider Brigid V. Pelino sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 10th. The shares were sold at an average price of C$72.00, for a total transaction of C$360,000.00. Following the completion of the transaction, the insider directly owned 74,109 shares in the company, valued at C$5,335,848. This represents a 6.32% decrease in their position. 0.50% of the stock is currently owned by corporate 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.