Definity Financial (TSE:DFY) Price Target Raised to C$62.00

Definity Financial (TSE:DFY) had its price objective increased by National Bankshares from C$60.00 to C$62.00 in a research note published on Tuesday, BayStreet.CA reports. National Bankshares currently has an outperform rating on the stock.

Other research analysts have also recently issued research reports about the stock. Raymond James increased their target price on shares of Definity Financial from C$52.50 to C$55.00 and gave the stock an outperform rating in a report on Tuesday. CIBC lowered shares of Definity Financial from an outperform rating to a neutral rating and raised their target price for the company from C$47.00 to C$51.00 in a research report on Tuesday. Cormark boosted their target price on shares of Definity Financial from C$49.00 to C$51.00 in a research note on Friday, July 26th. BMO Capital Markets increased their price target on Definity Financial from C$44.00 to C$48.00 and gave the company a market perform rating in a research note on Monday, May 13th. Finally, Desjardins boosted their price objective on Definity Financial from C$47.00 to C$52.00 and gave the stock a hold rating in a research report on Tuesday. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus price target of C$52.70.

Definity Financial Stock Up 0.6 %

TSE DFY opened at C$49.00 on Tuesday. The business has a fifty day moving average price of C$45.28 and a two-hundred day moving average price of C$44.12. The stock has a market capitalization of C$5.63 billion, a PE ratio of 14.80, a PEG ratio of 2.63 and a beta of 0.01. Definity Financial has a fifty-two week low of C$35.48 and a fifty-two week high of C$50.23. 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 (TSE:DFY) last announced its quarterly earnings data on Thursday, May 9th. The company reported C$0.65 earnings per share for the quarter, missing the consensus estimate of C$0.72 by C($0.07). Definity Financial had a return on equity of 13.00% and a net margin of 9.60%. The business had revenue of C$991.90 million for the quarter, compared to the consensus estimate of C$1 billion. Equities analysts expect that Definity Financial will post 2.920143 earnings per share for the current fiscal year.

Definity Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.64 annualized dividend and a dividend yield of 1.31%. Definity Financial’s payout ratio is 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.