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

Definity Financial Co. (TSE:DFY) has been assigned a consensus recommendation of “Hold” from the eleven analysts that are covering the company, Marketbeat reports. Nine equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is C$54.70.

Several brokerages have recently issued reports on DFY. Scotiabank cut Definity Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. TD Securities raised their target price on shares of Definity Financial from C$58.00 to C$59.00 and gave the company a “hold” rating in a research note on Friday, November 8th. National Bankshares boosted their price target on shares of Definity Financial from C$62.00 to C$65.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Raymond James cut shares of Definity Financial from an “outperform” rating to a “market perform” rating and raised their price objective for the company from C$53.00 to C$55.00 in a research note on Tuesday, November 12th. Finally, BMO Capital Markets upped their target price on shares of Definity Financial from C$53.00 to C$57.00 in a research report on Monday, November 11th.

Definity Financial Stock Performance

Shares of TSE:DFY opened at C$54.26 on Friday. The business has a fifty day moving average of C$57.45 and a 200-day moving average of C$52.82. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.31 and a current ratio of 7.68. Definity Financial has a twelve month low of C$37.09 and a twelve month high of C$60.78. The firm has a market cap of C$6.23 billion, a PE ratio of 16.39, a price-to-earnings-growth ratio of 2.63 and a beta of 0.04.

Definity Financial (TSE:DFY) last announced its earnings results on Thursday, November 7th. The company reported C$0.13 earnings per share for the quarter, topping analysts’ consensus estimates of C($0.04) by C$0.17. Definity Financial had a net margin of 9.60% and a return on equity of 13.00%. The company had revenue of C$1.10 billion during the quarter, compared to the consensus estimate of C$1.10 billion. On average, equities research analysts predict that Definity Financial will post 3.1263962 EPS for the current fiscal year.

Definity Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were issued a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.64 annualized dividend and a yield of 1.18%. Definity Financial’s dividend payout ratio is presently 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.