Definity Financial (TSE:DFY) Price Target Increased to C$52.00 by Analysts at TD Securities

Definity Financial (TSE:DFY) had its target price upped by TD Securities from C$49.00 to C$52.00 in a report published on Friday, BayStreet.CA reports.

Several other analysts also recently weighed in on DFY. BMO Capital Markets lifted their price objective on Definity Financial from C$44.00 to C$48.00 and gave the company a market perform rating in a report on Monday, May 13th. Jefferies Financial Group reduced their price objective on shares of Definity Financial from C$44.00 to C$43.00 and set a hold rating for the company in a research note on Monday, May 13th. Raymond James increased their target price on Definity Financial from C$46.00 to C$52.50 and gave the company an outperform rating in a research report on Monday, May 13th. Royal Bank of Canada boosted their price target on Definity Financial from C$50.00 to C$51.00 in a research report on Friday, May 10th. Finally, National Bankshares raised their price objective on Definity Financial from C$59.00 to C$60.00 and gave the company an outperform rating in a research report on Tuesday, April 30th. Three analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to MarketBeat, Definity Financial has a consensus rating of Moderate Buy and a consensus target price of C$51.35.

Definity Financial Trading Up 5.7 %

DFY opened at C$49.80 on Friday. 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 stock’s 50 day moving average price is C$44.91 and its 200-day moving average price is C$43.98. Definity Financial has a one year low of C$32.09 and a one year high of C$50.23. The stock has a market cap of C$5.74 billion and a price-to-earnings ratio of 16.44.

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

Definity Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be given a dividend of $0.16 per share. The ex-dividend date is Friday, September 13th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.29%. Definity Financial’s dividend payout ratio (DPR) is 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.