Definity Financial Co. (TSE:DFY) Receives C$54.70 Consensus PT from Analysts

Definity Financial Co. (TSE:DFY) has received a consensus rating of “Hold” from the eleven analysts that are presently covering the company, Marketbeat Ratings reports. Nine research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is C$54.70.

A number of research firms have commented on DFY. BMO Capital Markets raised their price target on shares of Definity Financial from C$53.00 to C$57.00 in a report on Monday, November 11th. Scotiabank downgraded Definity Financial from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 11th. 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. Cormark cut Definity Financial from a “moderate buy” rating to a “hold” rating in a research note on Wednesday, October 30th. Finally, TD Securities upped their target price 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.

Definity Financial Stock Up 0.4 %

Shares of TSE:DFY opened at C$54.46 on Friday. Definity Financial has a 1 year low of C$37.32 and a 1 year high of C$60.78. 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 business’s 50-day moving average is C$57.43 and its 200-day moving average is C$52.89. The company has a market capitalization of C$6.26 billion, a price-to-earnings ratio of 16.45, a P/E/G ratio of 2.63 and a beta of 0.04.

Definity Financial (TSE:DFY) last posted its quarterly earnings results on Thursday, November 7th. The company reported C$0.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C($0.04) by C$0.17. The firm had revenue of C$1.10 billion for 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%. Equities research analysts predict that Definity Financial will post 3.1263962 earnings per share for the current year.

Definity Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 27th. Investors of record on Friday, December 13th were given a $0.16 dividend. This represents a $0.64 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date was Friday, December 13th. Definity Financial’s payout ratio is currently 19.34%.

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.