Definity Financial (TSE:DFY) Shares Up 0.2% – Should You Buy?

Definity Financial Co. (TSE:DFY) traded up 0.2% during trading on Wednesday . The company traded as high as C$56.50 and last traded at C$56.28. 121,437 shares changed hands during mid-day trading, an increase of 45% from the average session volume of 83,864 shares. The stock had previously closed at C$56.15.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Scotiabank downgraded Definity Financial from a “strong-buy” rating to a “hold” rating in a report 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. Raymond James cut shares of Definity Financial from an “outperform” rating to a “market perform” rating and increased their price target for the company from C$53.00 to C$55.00 in a report on Tuesday, November 12th. National Bankshares boosted their price objective on shares of Definity Financial from C$62.00 to C$65.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. Finally, TD Securities upped their price target on Definity Financial from C$58.00 to C$59.00 and gave the company a “hold” rating in a report on Friday, November 8th. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of C$54.70.

Definity Financial Trading Up 0.2 %

The company has a quick ratio of 0.31, a current ratio of 7.68 and a debt-to-equity ratio of 6.38. The firm has a market capitalization of C$6.47 billion, a PE ratio of 17.00, a PEG ratio of 2.63 and a beta of 0.04. The stock’s fifty day simple moving average is C$57.40 and its 200 day simple moving average is C$52.43.

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

Definity Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were given a dividend of $0.16 per share. The ex-dividend date was Friday, December 13th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.14%. Definity Financial’s payout ratio is currently 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.