Analysts Set Definity Financial Co. (TSE:DFY) Price Target at C$54.70

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

A number of analysts have recently commented on the stock. BMO Capital Markets boosted their target price on shares of Definity Financial from C$53.00 to C$57.00 in a report on Monday, November 11th. Scotiabank lowered shares of Definity Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. National Bankshares raised their target price on shares of 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. TD Securities boosted 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 upped their price target for the stock from C$53.00 to C$55.00 in a research note on Tuesday, November 12th.

Definity Financial Price Performance

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

Definity Financial (TSE:DFY) last released its earnings results on Thursday, November 7th. The company reported C$0.13 EPS for the quarter, beating 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 analysts’ expectations of C$1.10 billion. Definity Financial had a return on equity of 13.00% and a net margin of 9.60%. On average, sell-side analysts forecast that Definity Financial will post 3.1263962 EPS for the current year.

Definity Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be given a $0.16 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.64 annualized dividend and a yield of 1.10%. 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.