Definity Financial Co. (TSE:DFY) Given Average Rating of “Moderate Buy” by Analysts

Definity Financial Co. (TSE:DFY) has received a consensus rating of “Moderate Buy” from the nine brokerages that are covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is C$50.05.

A number of equities analysts have recently issued reports on DFY shares. Royal Bank of Canada increased their price target on shares of Definity Financial from C$50.00 to C$51.00 in a report on Friday, May 10th. CIBC increased their price target on shares of Definity Financial from C$46.00 to C$47.00 and gave the company an “outperform” rating in a report on Tuesday, April 16th. Desjardins increased their price target on shares of Definity Financial from C$45.00 to C$47.00 and gave the company a “hold” rating in a report on Tuesday, July 23rd. BMO Capital Markets increased their price objective on shares of Definity Financial from C$44.00 to C$48.00 and gave the company a “market perform” rating in a research note on Monday, May 13th. Finally, National Bankshares increased their price objective on shares of Definity Financial from C$59.00 to C$60.00 and gave the company an “outperform” rating in a research note on Tuesday, April 30th.

Definity Financial Stock Up 1.4 %

Shares of Definity Financial stock opened at C$48.02 on Friday. The firm has a fifty day moving average of C$44.40 and a two-hundred day moving average of C$43.48. The company has a debt-to-equity ratio of 8.20, a quick ratio of 0.31 and a current ratio of 5.47. The company has a market cap of C$5.53 billion and a P/E ratio of 15.85. Definity Financial has a one year low of C$32.09 and a one year high of C$48.36.

Definity Financial (TSE:DFY) last announced its quarterly earnings results on Thursday, May 9th. The company reported C$0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.72 by C($0.07). The company had revenue of C$991.90 million during the quarter, compared to analysts’ expectations of C$1 billion. Definity Financial had a net margin of 8.94% and a return on equity of 12.27%. On average, analysts forecast that Definity Financial will post 2.6896762 earnings per share for the current year.

Definity Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, June 27th. Shareholders of record on Thursday, June 13th were paid a dividend of $0.16 per share. The ex-dividend date was Thursday, June 13th. This represents a $0.64 annualized dividend and a dividend yield of 1.33%. Definity Financial’s dividend payout ratio is currently 21.12%.

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.