Shares of Definity Financial Co. (TSE:DFY – Get Free Report) have received an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is C$43.83.
A number of equities analysts have recently weighed in on the company. TD Securities boosted their target price on Definity Financial from C$42.00 to C$43.00 and gave the stock a “buy” rating in a research note on Friday, August 4th. Raymond James boosted their target price on Definity Financial from C$39.00 to C$42.00 and gave the stock an “outperform” rating in a research note on Thursday, October 12th. CIBC boosted their target price on Definity Financial from C$40.50 to C$42.50 in a research note on Monday, November 13th. Cormark cut their target price on Definity Financial from C$40.00 to C$39.00 in a research note on Friday, November 10th. Finally, National Bankshares boosted their target price on Definity Financial from C$53.00 to C$54.00 and gave the stock an “outperform” rating in a research note on Monday, November 13th.
Definity Financial Price Performance
Definity Financial Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Friday, December 15th will be issued a $0.138 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.55 dividend on an annualized basis and a dividend yield of 1.47%. Definity Financial’s dividend payout ratio (DPR) is presently 14.29%.
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 Economical brand name.
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