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

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

DFY has been the subject of several analyst reports. Scotiabank downgraded shares of Definity Financial from a "strong-buy" rating to a "hold" rating in a report on Monday, November 11th. TD Securities boosted their target price on Definity Financial from C$58.00 to C$59.00 and gave the stock a "hold" rating in a research report on Friday, November 8th. National Bankshares upped their target price 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. Raymond James downgraded Definity Financial from an "outperform" rating to a "market perform" rating and lifted their price target for the company from C$53.00 to C$55.00 in a research report on Tuesday, November 12th. Finally, BMO Capital Markets upped their price objective 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

DFY stock traded down C$0.58 during mid-day trading on Friday, hitting C$55.32. The company had a trading volume of 151,079 shares, compared to its average volume of 87,942. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.31 and a current ratio of 7.68. The firm has a market cap of C$6.36 billion, a PE ratio of 16.71, a price-to-earnings-growth ratio of 2.63 and a beta of 0.04. Definity Financial has a 12 month low of C$37.09 and a 12 month high of C$60.78. The stock's fifty day moving average price is C$57.46 and its two-hundred day moving average price is C$52.60.

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

Definity Financial Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were issued a $0.16 dividend. The ex-dividend date was Friday, December 13th. This represents a $0.64 annualized dividend and a yield of 1.16%. Definity Financial's dividend payout ratio (DPR) is presently 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.