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

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

Several brokerages have recently weighed in on DFY. National Bankshares raised their price target on Definity Financial from C$62.00 to C$65.00 and gave the company an “outperform” 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. Cormark lowered shares of Definity Financial from a “moderate buy” rating to a “hold” rating in a report on Wednesday, October 30th. TD Securities increased their target price on Definity Financial from C$58.00 to C$59.00 and gave the company a “hold” rating in a research note on Friday, November 8th. Finally, BMO Capital Markets boosted their price target on Definity Financial from C$53.00 to C$57.00 in a research note on Monday, November 11th.

Definity Financial Trading Down 1.0 %

DFY opened at C$55.32 on Friday. The stock has a market cap of C$6.36 billion, a PE ratio of 16.71, a PEG ratio of 2.63 and a beta of 0.04. The business has a 50 day moving average of C$57.46 and a 200-day moving average of C$52.54. Definity Financial has a 52 week low of C$37.09 and a 52 week high of C$60.78. 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 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. Definity Financial had a net margin of 9.60% and a return on equity of 13.00%. The business had revenue of C$1.10 billion for the quarter, compared to analyst estimates of C$1.10 billion. Equities research analysts predict that Definity Financial will post 3.1263962 earnings per share for the current fiscal year.

Definity Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Stockholders of record on Friday, December 13th were issued a $0.16 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.64 annualized dividend and a dividend yield of 1.16%. Definity Financial’s dividend payout ratio (DPR) is 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.