Definity Financial (TSE:DFY) Price Target Raised to C$93.00 at TD

Definity Financial (TSE:DFY) had its price objective boosted by TD from C$89.00 to C$93.00 in a research note released on Friday morning,BayStreet.CA reports. The brokerage currently has a buy rating on the stock.

Other equities research analysts have also issued research reports about the stock. Canadian Imperial Bank of Commerce boosted their price target on shares of Definity Financial from C$74.00 to C$84.00 in a report on Tuesday, July 14th. National Bank Financial increased their price objective on shares of Definity Financial from C$94.00 to C$96.00 and gave the company an “outperform” rating in a research note on Monday, July 27th. Desjardins cut their price objective on shares of Definity Financial from C$75.00 to C$73.00 and set a “hold” rating on the stock in a report on Monday, April 27th. Barclays boosted their price objective on shares of Definity Financial from C$78.00 to C$79.00 in a research note on Friday, May 8th. Finally, Jefferies Financial Group upped their target price on Definity Financial from C$83.00 to C$91.00 and gave the stock a “buy” rating in a report on Monday, July 27th. Four research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, Definity Financial has a consensus rating of “Moderate Buy” and a consensus target price of C$83.40.

Definity Financial Stock Performance

Shares of Definity Financial stock opened at C$80.03 on Friday. 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’s fifty day moving average price is C$74.03 and its 200-day moving average price is C$69.86. The firm has a market cap of C$9.62 billion, a P/E ratio of 24.70, a P/E/G ratio of 2.63 and a beta of -0.05. Definity Financial has a 12 month low of C$61.87 and a 12 month high of C$81.99.

Definity Financial (TSE:DFY) last released its quarterly earnings data on Thursday, July 30th. The company reported C$0.97 earnings per share for the quarter. Definity Financial had a net margin of 6.94% and a return on equity of 9.82%. The company had revenue of C$2.05 billion during the quarter. On average, equities research analysts expect that Definity Financial will post 3.1263962 earnings per share for the current fiscal year.

Insider Activity

In other 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 transaction of C$360,000.00. Following the completion of the sale, the insider directly owned 74,109 shares in the company, valued at approximately C$5,335,848. The trade was a 6.32% 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.