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

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

A number of research firms have weighed in on DFY. BMO Capital Markets lifted their price objective on shares of Definity Financial from C$53.00 to C$57.00 in a report on Monday, November 11th. Cormark cut Definity Financial from a “moderate buy” rating to a “hold” rating in a report on Wednesday, October 30th. TD Securities raised their price objective on Definity Financial from C$58.00 to C$59.00 and gave the company a “hold” rating in a report on Friday, November 8th. Raymond James downgraded Definity Financial from an “outperform” rating to a “market perform” rating and upped their target price for the stock from C$53.00 to C$55.00 in a research note on Tuesday, November 12th. Finally, Scotiabank cut shares of Definity Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th.

Definity Financial Stock Down 0.3 %

Shares of DFY opened at C$57.39 on Wednesday. The company has a market capitalization of C$6.59 billion, a price-to-earnings ratio of 17.34, a PEG ratio of 2.63 and a beta of 0.04. Definity Financial has a 52 week low of C$36.12 and a 52 week high of C$60.78. The stock’s 50-day moving average price is C$56.62 and its 200-day moving average price is C$51.05. 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 released 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. The business had revenue of C$1.10 billion for the quarter, compared to analyst estimates 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 predict that Definity Financial will post 3.1263962 EPS for the current year.

Definity Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a dividend of $0.16 per share. This represents a $0.64 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Friday, December 13th. Definity Financial’s dividend payout ratio is currently 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.