Analysts Set Definity Financial Co. (TSE:DFY) PT at C$54.70

Definity Financial Co. (TSE:DFY - Get Free Report) has earned a consensus rating of "Hold" from the eleven ratings firms that are currently covering the firm, MarketBeat Ratings reports. Nine equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is C$54.70.

A number of brokerages have issued reports on DFY. CIBC cut shares of Definity Financial from an "outperform" rating to a "neutral" rating and boosted their target price for the company from C$47.00 to C$51.00 in a report on Tuesday, August 6th. National Bankshares boosted their price objective on Definity Financial from C$62.00 to C$65.00 and gave the company an "outperform" rating in a research note on Wednesday, October 30th. Cormark downgraded Definity Financial from a "moderate buy" rating to a "hold" rating in a research note on Wednesday, October 30th. Scotiabank lowered Definity Financial from a "strong-buy" rating to a "hold" rating in a report on Monday, November 11th. Finally, Raymond James downgraded shares of Definity Financial from an "outperform" rating to a "market perform" rating and increased their price target for the stock from C$53.00 to C$55.00 in a report on Tuesday, November 12th.

Definity Financial Stock Up 0.9 %

Shares of DFY stock traded up C$0.54 on Friday, reaching C$59.97. 151,700 shares of the company were exchanged, compared to its average volume of 108,432. The company has a market cap of C$6.89 billion, a price-to-earnings ratio of 18.12, a PEG ratio of 2.63 and a beta of 0.04. The company has a 50-day moving average of C$54.47 and a 200-day moving average of C$49.13. Definity Financial has a one year low of C$35.48 and a one year high of C$60.07. The company has a debt-to-equity ratio of 6.38, a current ratio of 7.68 and a quick ratio of 0.31.

Definity Financial (TSE:DFY - Get Free Report) last posted its quarterly earnings data on Thursday, November 7th. The company reported C$0.13 EPS for the quarter, beating the consensus estimate of C($0.04) by C$0.17. The business had revenue of C$1.10 billion for the quarter, compared to the consensus estimate of C$1.10 billion. Definity Financial had a return on equity of 13.00% and a net margin of 9.60%. Analysts anticipate that Definity Financial will post 3.1263962 earnings per share for the current year.

Definity Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $0.64 annualized dividend and a dividend yield of 1.07%. Definity Financial's dividend 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.