Definity Financial (TSE:DFY) Stock Gets Price Target Trim from National Bank Financial

Definity Financial (TSE:DFY) had its target price cut by National Bank Financial from C$96.00 to C$92.00 in a research report released on Wednesday,BayStreet reports. They currently have an outperform rating on the stock.

DFY has been the subject of several other reports. Raymond James Financial dropped their price objective on Definity Financial from C$85.00 to C$84.00 and set a “market perform” rating for the company in a report on Friday, October 16th. Canadian Imperial Bank of Commerce boosted their price target on shares of Definity Financial from C$74.00 to C$84.00 in a research note on Tuesday, July 14th. Scotia dropped their price target on shares of Definity Financial from C$84.00 to C$83.00 and set a “sector perform” rating for the company in a research note on Wednesday, October 7th. Jefferies Financial Group increased their price objective 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, July 27th. Finally, TD reduced their price objective on shares of Definity Financial from C$93.00 to C$87.00 and set a “buy” rating on the stock in a research note on Wednesday, October 14th. Five research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of C$83.33.

Definity Financial Trading Up 0.1%

Shares of DFY opened at C$73.27 on Wednesday. The company has a quick ratio of 0.31, a current ratio of 1.35 and a debt-to-equity ratio of 37.12. Definity Financial has a 12-month low of C$61.87 and a 12-month high of C$82.59. The firm has a market capitalization of C$8.80 billion, a PE ratio of 19.03, a price-to-earnings-growth ratio of 2.63 and a beta of 0.10. The stock’s fifty day simple moving average is C$71.31 and its 200-day simple moving average is C$70.78.

Definity Financial (TSE:DFY) last posted its quarterly earnings results on Thursday, July 30th. The company reported C$0.97 earnings per share (EPS) for the quarter. The business had revenue of C$2.05 billion for the quarter. Definity Financial had a return on equity of 11.45% and a net margin of 7.22%. As a group, research analysts predict that Definity Financial will post 3.13 earnings per share for the current year.

Insider Buying and Selling

In other Definity Financial news, insider Innes Fraser Dey sold 4,800 shares of Definity Financial stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of C$81.00, for a total transaction of C$388,800.00. Following the transaction, the insider directly owned 53,150 shares in the company, valued at approximately C$4,305,150. The trade was a 8.28% decrease in their ownership of the stock. Over the last 90 days, insiders sold 13,638 shares of company stock worth $1,101,345. Company insiders own 0.50% of the company’s stock.

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.