Definity Financial Co. (TSE:DFY) Receives Consensus Rating of “Hold” from Brokerages

Shares of Definity Financial Co. (TSE:DFY) have been given an average rating of “Hold” by the eleven analysts that are currently covering the stock, Marketbeat reports. Nine analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is C$54.70.

A number of research firms have recently commented on DFY. BMO Capital Markets upped their target price on Definity Financial from C$53.00 to C$57.00 in a research note on Monday, November 11th. National Bankshares upped their price target 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. Cormark cut Definity Financial from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 30th. TD Securities increased their price target on Definity Financial from C$58.00 to C$59.00 and gave the stock a “hold” rating in a research report on Friday, November 8th. Finally, Raymond James downgraded Definity Financial from an “outperform” rating to a “market perform” rating and lifted their price objective for the company from C$53.00 to C$55.00 in a report on Tuesday, November 12th.

Definity Financial Price Performance

Shares of Definity Financial stock opened at C$57.74 on Wednesday. The stock has a market cap of C$6.63 billion, a price-to-earnings ratio of 17.44, a price-to-earnings-growth ratio of 2.63 and a beta of 0.04. The stock has a 50 day moving average price of C$56.35 and a 200-day moving average price of C$50.80. Definity Financial has a one year low of C$35.48 and a one year high of C$60.78. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.31 and a current ratio of 7.68.

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

Definity Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be paid a dividend of $0.16 per share. The ex-dividend date is Friday, December 13th. This represents a $0.64 annualized dividend and a dividend yield of 1.11%. Definity Financial’s dividend payout ratio (DPR) is presently 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.