Definity Financial (TSE:DFY) Hits New 1-Year High at $55.53

Definity Financial Co. (TSE:DFY - Get Free Report) shares hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$55.53 and last traded at C$55.27, with a volume of 5496 shares trading hands. The stock had previously closed at C$55.01.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on DFY shares. CIBC cut Definity Financial from an "outperform" rating to a "neutral" rating and boosted their price target for the stock from C$47.00 to C$51.00 in a report on Tuesday, August 6th. Desjardins boosted their target price on shares of Definity Financial from C$47.00 to C$52.00 and gave the stock a "hold" rating in a report on Tuesday, August 6th. National Bankshares raised their target price on shares of Definity Financial from C$60.00 to C$62.00 and gave the company an "outperform" rating in a research note on Tuesday, August 6th. TD Securities boosted their price target on shares of Definity Financial from C$52.00 to C$55.00 in a research note on Friday, September 20th. Finally, Scotiabank raised their price objective on Definity Financial from C$51.00 to C$53.00 in a research report on Friday, September 20th. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of C$53.10.

Definity Financial Trading Down 0.0 %

The stock has a market cap of C$6.32 billion, a PE ratio of 16.61, a PEG ratio of 2.63 and a beta of 0.01. The stock has a fifty day moving average price of C$49.52 and a 200 day moving average price of C$46.21. 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 (TSE:DFY - Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The company reported C$0.94 earnings per share for the quarter, topping analysts' consensus estimates of C$0.66 by C$0.28. The company had revenue of C$1.05 billion for the quarter, compared to analyst estimates of C$1.07 billion. Definity Financial had a net margin of 9.60% and a return on equity of 13.00%. Equities analysts expect that Definity Financial Co. will post 3.1420256 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. Shareholders of record on Friday, September 13th will be paid a $0.16 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.64 dividend on an annualized basis and a yield of 1.16%. Definity Financial's payout ratio 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.