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

Definity Financial Co. (TSE:DFY) has been given a consensus recommendation of “Hold” by the eleven brokerages that are presently covering the company, Marketbeat reports. Nine research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is C$54.70.

A number of research analysts have commented on the stock. TD Securities increased their price target on shares of Definity Financial from C$58.00 to C$59.00 and gave the company a “hold” rating in a research report on Friday, November 8th. Scotiabank lowered shares of Definity Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. BMO Capital Markets boosted their price target on shares of Definity Financial from C$53.00 to C$57.00 in a research note on Monday, November 11th. Cormark cut Definity Financial from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, National Bankshares boosted their target price on Definity Financial from C$62.00 to C$65.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th.

Definity Financial Trading Up 0.5 %

Shares of DFY opened at C$58.34 on Wednesday. The company has a debt-to-equity ratio of 6.38, a current ratio of 7.68 and a quick ratio of 0.31. Definity Financial has a 1-year low of C$36.49 and a 1-year high of C$60.78. The company has a market capitalization of C$6.70 billion, a P/E ratio of 17.63, a P/E/G ratio of 2.63 and a beta of 0.04. The firm’s 50 day simple moving average is C$56.78 and its 200 day simple moving average is C$51.30.

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

Definity Financial Dividend Announcement

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

About Definity Financial

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.