Definity Financial (TSE:DFY) Insider Brigid Pelino Sells 5,000 Shares

Definity Financial Co. (TSE:DFY) insider Brigid Pelino sold 5,000 shares of the stock in a transaction dated Wednesday, June 10th. The stock was sold at an average price of C$72.00, for a total transaction of C$360,000.00. Following the transaction, the insider owned 74,109 shares of the company’s stock, valued at C$5,335,848. This represents a 6.32% decrease in their position.

Definity Financial Price Performance

TSE:DFY traded down C$0.09 on Thursday, reaching C$72.37. 82,183 shares of the company’s stock were exchanged, compared to its average volume of 181,989. The firm has a market cap of C$8.70 billion, a price-to-earnings ratio of 22.34, a P/E/G ratio of 2.63 and a beta of 0.00. Definity Financial Co. has a 52 week low of C$61.87 and a 52 week high of C$79.95. The stock has a fifty day simple moving average of C$66.60 and a 200-day simple moving average of C$69.20.

Definity Financial (TSE:DFY) last issued its earnings results on Thursday, May 7th. The company reported C$0.97 earnings per share for the quarter. The firm had revenue of C$1.92 billion during the quarter. Definity Financial had a net margin of 6.94% and a return on equity of 9.82%. As a group, sell-side analysts predict that Definity Financial Co. will post 3.1263962 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Jefferies Financial Group lifted their target price on shares of Definity Financial from C$76.00 to C$81.00 in a research report on Monday, May 4th. Barclays lifted their target price on shares of Definity Financial from C$78.00 to C$79.00 in a research report on Friday, May 8th. National Bank Financial lifted their target price on shares of Definity Financial from C$93.00 to C$94.00 in a research report on Wednesday, April 29th. Desjardins decreased their price target on shares of Definity Financial from C$75.00 to C$73.00 and set a “hold” rating on the stock in a research note on Monday, April 27th. Finally, TD lifted their price target on shares of Definity Financial from C$85.00 to C$86.00 and gave the stock a “buy” rating in a research note on Friday, May 8th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of C$79.91.

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.