Definity Financial (TSE:DFY – Free Report) had its target price upped by Desjardins from C$44.00 to C$45.00 in a research note issued to investors on Tuesday, BayStreet.CA reports. Desjardins currently has a hold rating on the stock. Desjardins also issued estimates for Definity Financial’s Q1 2024 earnings at $0.70 EPS and FY2024 earnings at $2.68 EPS.
Several other equities analysts have also recently commented on the stock. CIBC raised their target price on shares of Definity Financial from C$46.00 to C$47.00 and gave the company an outperform rating in a research note on Tuesday. Raymond James lifted their price objective on shares of Definity Financial from C$42.00 to C$46.00 and gave the stock a market perform rating in a research note on Friday, February 16th. National Bankshares lifted their price objective on shares of Definity Financial from C$57.00 to C$59.00 and gave the stock an outperform rating in a research note on Tuesday, February 20th. TD Securities lifted their price objective on shares of Definity Financial from C$45.00 to C$49.00 and gave the stock a buy rating in a research note on Friday, February 16th. Finally, Scotiabank lifted their price objective on shares of Definity Financial from C$46.00 to C$49.00 and gave the stock an outperform rating in a research note on Tuesday, February 20th. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and a consensus price target of C$47.30.
Get Our Latest Research Report on DFY
Definity Financial Stock Up 1.0 %
Definity Financial (TSE:DFY – Get Free Report) last released its earnings results on Thursday, February 15th. The company reported C$0.86 EPS for the quarter, beating the consensus estimate of C$0.74 by C$0.12. The firm had revenue of C$1 billion for the quarter. Definity Financial had a net margin of 9.06% and a return on equity of 12.52%. On average, analysts expect that Definity Financial will post 2.7913715 EPS for the current fiscal year.
Definity Financial Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were issued a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.44%. This is a boost from Definity Financial’s previous quarterly dividend of $0.14. The ex-dividend date was Thursday, March 14th. Definity Financial’s dividend payout ratio (DPR) is presently 21.33%.
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.
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