Definity Financial (TSE:DFY) Hits New 12-Month High – What’s Next?

Definity Financial Co. (TSE:DFY)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$79.24 and last traded at C$78.67, with a volume of 25804 shares. The stock had previously closed at C$77.48.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on DFY shares. 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 report on Friday, May 8th. Jefferies Financial Group raised their target price on shares of Definity Financial from C$76.00 to C$81.00 in a research report on Monday, May 4th. National Bank Financial lifted their target price on shares of Definity Financial from C$93.00 to C$94.00 in a research note on Wednesday, April 29th. Desjardins lowered their target price on shares of 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, Barclays boosted their price target on Definity Financial from C$78.00 to C$79.00 in a report on Friday, May 8th. Four investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of C$79.20.

Definity Financial Trading Up 0.7%

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 stock has a market capitalization of C$9.38 billion, a price-to-earnings ratio of 24.09, a price-to-earnings-growth ratio of 2.63 and a beta of -0.05. The business has a 50 day simple moving average of C$69.65 and a 200-day simple moving average of C$69.40.

Definity Financial (TSE:DFY) last posted its quarterly earnings data on Thursday, May 7th. The company reported C$0.97 EPS for the quarter. The company 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%. On average, equities analysts predict that Definity Financial Co. will post 3.1263962 earnings per share for the current year.

Insider Transactions at Definity Financial

In other Definity Financial news, insider Brigid V. Pelino sold 5,000 shares of Definity Financial stock in a transaction on Wednesday, June 10th. The shares were sold at an average price of C$72.00, for a total value of C$360,000.00. Following the transaction, the insider owned 74,109 shares in the company, valued at C$5,335,848. This trade represents a 6.32% decrease in their position. 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.