Definity Financial Co. (TSE:DFY) Receives C$54.70 Consensus PT from Brokerages

Shares of Definity Financial Co. (TSE:DFY) have been given a consensus recommendation of “Hold” by the eleven ratings firms that are presently covering the stock, MarketBeat reports. Nine investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is C$54.70.

Several brokerages recently issued reports on DFY. Scotiabank lowered Definity Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th. Raymond James lowered Definity Financial from an “outperform” rating to a “market perform” rating and raised their target price for the stock from C$53.00 to C$55.00 in a research report on Tuesday, November 12th. Cormark lowered Definity Financial from a “moderate buy” rating to a “hold” rating in a research report on Wednesday, October 30th. CIBC lowered Definity Financial from an “outperform” rating to a “neutral” rating and raised their target price for the stock from C$47.00 to C$51.00 in a research report on Tuesday, August 6th. Finally, Desjardins raised their target price on Definity Financial from C$47.00 to C$52.00 and gave the stock a “hold” rating in a research report on Tuesday, August 6th.

Definity Financial Trading Down 2.8 %

Shares of DFY stock opened at C$58.30 on Friday. 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 has a fifty-two week low of C$35.48 and a fifty-two week high of C$60.22. The company has a market cap of C$6.70 billion, a PE ratio of 17.61, a P/E/G ratio of 2.63 and a beta of 0.04. The stock’s fifty day moving average price is C$54.65 and its two-hundred day moving average price is C$49.26.

Definity Financial (TSE:DFY) last released its quarterly earnings data on Thursday, November 7th. The company reported C$0.13 earnings per share for the quarter, beating the consensus estimate 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 company had revenue of C$1.10 billion for the quarter, compared to the consensus estimate of C$1.10 billion. Equities analysts predict that Definity Financial will post 3.1263962 EPS for the current fiscal year.

Definity Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders 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 dividend on an annualized basis and a yield of 1.10%. Definity Financial’s dividend payout ratio (DPR) 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.