Definity Financial Co. (TSE:DFY) Receives C$54.70 Average Target Price from Brokerages

Definity Financial Co. (TSE:DFY) has received an average recommendation of “Hold” from the eleven analysts that are currently covering the firm, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price target among brokerages that have covered the stock in the last year is C$54.70.

DFY has been the topic of a number of research analyst reports. Scotiabank downgraded Definity Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. Cormark cut shares of Definity Financial from a “moderate buy” rating to a “hold” rating in a report on Wednesday, October 30th. Desjardins lifted their price target on shares of Definity Financial from C$47.00 to C$52.00 and gave the stock a “hold” rating in a report on Tuesday, August 6th. TD Securities lifted their price target on shares of Definity Financial from C$58.00 to C$59.00 and gave the stock a “hold” rating in a report on Friday, November 8th. Finally, BMO Capital Markets lifted their price target on shares of Definity Financial from C$53.00 to C$57.00 in a report on Monday, November 11th.

Definity Financial Price Performance

Shares of TSE DFY opened at C$58.30 on Friday. Definity Financial has a twelve month low of C$35.48 and a twelve month high of C$60.22. The stock’s 50 day moving average price is C$54.65 and its 200-day moving average price is C$49.26. The company has a market capitalization of C$6.70 billion, a PE ratio of 17.61, a PEG ratio of 2.63 and a beta of 0.04. The company has a quick ratio of 0.31, a current ratio of 7.68 and a debt-to-equity ratio of 6.38.

Definity Financial (TSE:DFY) last announced its earnings results on Thursday, November 7th. The company reported C$0.13 earnings per share for the quarter, topping analysts’ consensus estimates of C($0.04) by C$0.17. Definity Financial had a return on equity of 13.00% and a net margin of 9.60%. The firm had revenue of C$1.10 billion for the quarter, compared to the consensus estimate of C$1.10 billion. On average, equities analysts anticipate that Definity Financial will post 3.1263962 EPS for the current year.

Definity Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be issued a dividend of $0.16 per share. The ex-dividend date is Friday, December 13th. This represents a $0.64 dividend on an annualized basis and a yield of 1.10%. Definity Financial’s payout ratio is 19.34%.

Definity Financial Company Profile

Definity Financial Corporation, together with its subsidiaries, offers property and casualty insurance products in Canada. It provides personal insurance products, including auto, property, general and umbrella liability, and pet insurance products to individuals under the Economical, Sonnet, Family, Petsecure, and Peppermint brands; and commercial insurance products, which include fleet, commercial auto, property, liability, and specialty insurance products to businesses under the Definity Insurance and Economical brand name.