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

Shares of Definity Financial Co. (TSE:DFY - Get Free Report) have received a consensus recommendation of "Hold" from the eleven analysts that are currently covering the company, MarketBeat.com reports. Nine research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is C$54.70.

DFY has been the subject of a number of recent research reports. BMO Capital Markets increased their price objective on shares of Definity Financial from C$53.00 to C$57.00 in a report on Monday, November 11th. Cormark cut Definity Financial from a "moderate buy" rating to a "hold" rating in a report on Wednesday, October 30th. National Bankshares boosted their price objective on 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. TD Securities raised their target price on Definity Financial from C$58.00 to C$59.00 and gave the stock a "hold" rating in a research note on Friday, November 8th. Finally, Raymond James cut shares of Definity Financial from an "outperform" rating to a "market perform" rating and boosted their price target for the company from C$53.00 to C$55.00 in a research report on Tuesday, November 12th.

Definity Financial Stock Performance

DFY traded down C$0.63 during trading on Wednesday, reaching C$57.11. 128,989 shares of the company's stock were exchanged, compared to its average volume of 109,760. 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 company's fifty day simple moving average is C$56.43 and its 200-day simple moving average is C$50.90. Definity Financial has a 1 year low of C$36.01 and a 1 year high of C$60.78. The stock has a market capitalization of C$6.56 billion, a P/E ratio of 17.25, a price-to-earnings-growth ratio of 2.63 and a beta of 0.04.

Definity Financial (TSE:DFY - Get Free Report) last issued its quarterly earnings data on Thursday, November 7th. The company reported C$0.13 EPS for the quarter, topping analysts' consensus estimates of C($0.04) by C$0.17. The business had revenue of C$1.10 billion for the quarter, compared to analysts' expectations of C$1.10 billion. Definity Financial had a net margin of 9.60% and a return on equity of 13.00%. As a group, research analysts predict that Definity Financial will post 3.1263962 earnings per share for the current fiscal year.

Definity Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Investors of record on Friday, December 13th will be paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.12%. The ex-dividend date is Friday, December 13th. Definity Financial's dividend payout ratio (DPR) is 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.