Brokerages Set Definity Financial Co. (TSE:DFY) Price Target at C$79.55

Definity Financial Co. (TSE:DFY) has been given a consensus recommendation of “Hold” by the eight research firms that are currently covering the stock, Marketbeat reports. Five investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is C$79.55.

Several analysts recently commented on the stock. National Bankshares lifted their target price on shares of Definity Financial from C$92.00 to C$93.00 in a report on Monday, November 10th. Scotiabank boosted their price objective on Definity Financial from C$92.00 to C$93.00 in a report on Friday, November 7th. Barclays increased their target price on Definity Financial from C$78.00 to C$80.00 in a research note on Friday, January 9th. TD Securities upgraded Definity Financial from a “hold” rating to a “buy” rating and boosted their price target for the company from C$74.00 to C$80.00 in a research note on Friday, November 7th. Finally, CIBC lowered their price objective on Definity Financial from C$80.00 to C$74.00 and set a “neutral” rating on the stock in a research report on Thursday, October 23rd.

Definity Financial Trading Down 4.0%

DFY opened at C$67.68 on Thursday. The stock’s fifty day simple moving average is C$73.58 and its 200 day simple moving average is C$72.11. Definity Financial has a 1-year low of C$55.27 and a 1-year high of C$79.95. The stock has a market cap of C$8.11 billion, a PE ratio of 16.71, a price-to-earnings-growth ratio of 2.63 and a beta of -0.18.

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

Insider Buying and Selling

In related news, insider Craig Edward David Richardson sold 1,881 shares of the firm’s stock in a transaction dated 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 transaction, the insider directly owned 7 shares of the company’s stock, valued at approximately C$495.60. This trade represents a 99.63% decrease in their ownership of the stock. Corporate 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.