Definity Financial (DFY) Stock Price, News & Analysis

Company Overview

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. The company distributes its products on a primarily intermediated basis, and through brokers, as well as directly to customers. It markets its commercial insurance products to small businesses and mid-market companies, as well as various targeted segments. The company was formerly known as Economical Holdings Corporation and changed its name to Definity Financial Corporation in August 2021. Definity Financial Corporation was founded in 1871 and is headquartered in Waterloo, Canada.

Key Stats

• Today's Range: C$59.03 to C$60.07
• 50-Day Range: C$49.04 to C$59.97
• 52-Week Range: C$35.48 to C$60.07
• Volume: 150,940 shs
• Average Volume: 108,432 shs
• Market Capitalization: C$6.89 billion
• P/E Ratio: 18.12
• Dividend Yield: 1.07%
• Price Target: C$54.70
• Consensus Rating: Hold

Definity Financial Stock Analysis - MarketRank™

Definity Financial scored higher than 37% of companies evaluated by MarketBeat. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 2.1 / 5
• Analyst Rating: Hold

Consensus Rating

Definity Financial has received a consensus rating of Hold. The company's average rating score is 2.18, and is based on 2 buy ratings, 9 hold ratings, and no sell ratings.

Amount of Analyst Coverage

Definity Financial has been the subject of 5 research reports in the past 90 days, demonstrating strong analyst interest in this stock.

Earnings and Valuation

• Score: 1.3 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Definity Financial is 18.12, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 125.92.

Price to Earnings Ratio vs. Sector

The P/E ratio of Definity Financial is 18.12, which means that it is trading at a less expensive P/E ratio than the Financial Services sector average P/E ratio of about 408.74.

Price to Earnings Growth Ratio

Definity Financial has a PEG Ratio of 2.63. PEG Ratios above 1 indicate that a company could be overvalued.

Price to Book Value per Share Ratio

Definity Financial has a P/B Ratio of 2.29. P/B Ratios below 3 indicates that a company is reasonably valued with respect to its assets and liabilities.

Short Interest

• Score: N/A
• Short Interest Level: N/A

Short Interest

There is no current short interest data available for DFY.

Dividend

• Score: 1.7 / 5
• Dividend Strength: Weak

Dividend Yield

Definity Financial pays a meaningful dividend of 1.20%, higher than the bottom 25% of all stocks that pay dividends.

Dividend Growth

Definity Financial does not have a long track record of dividend growth.

Dividend Coverage

The dividend payout ratio of Definity Financial is 19.34%. This payout ratio is at a healthy, sustainable level, below 75%.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Short Interest

There is no current short interest data available for DFY.

News and Social Media

• Score: 2.3 / 5
• News Sentiment: 0.06

News Sentiment

Definity Financial has a news sentiment score of 0.06. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.64 average news sentiment score of Financial Services companies.

News Coverage This Week

MarketBeat has tracked 2 news articles for Definity Financial this week, compared to 1 article on an average week.

MarketBeat Follows

3 people have added Definity Financial to their MarketBeat watchlist in the last 30 days.

Company Ownership

• Score: 1.7 / 5
• Insider Trading: N/A

Insider Buying vs. Insider Selling

In the past three months, Definity Financial insiders have not sold or bought any company stock.

Percentage Held by Insiders

Only 0.50% of the stock of Definity Financial is held by insiders.

Percentage Held by Institutions

61.23% of the stock of Definity Financial is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

DFY Stock Analysis - Frequently Asked Questions

How have DFY shares performed this year?

Definity Financial's stock was trading at C$37.54 at the start of the year. Since then, DFY stock has increased by 59.7% and is now trading at C$59.97.
View the best growth stocks for 2024 here.

How were Definity Financial's earnings last quarter?

Definity Financial Co. (TSE:DFY) issued its quarterly earnings data on Thursday, November, 7th. The company reported $0.13 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.17. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. Definity Financial had a trailing twelve-month return on equity of 13.00% and a net margin of 9.60%.

How do I buy shares of Definity Financial?

Shares of DFY stock and other Canadian stocks can be purchased through an online brokerage account. Popular online brokerages with access to the Canadian stock market include BMO InvestorLine, CIBC Investor's Edge, Desjardins Online Brokerage, HSBC InvestDirect, Laurentian Bank Discount Brokerage, National Bank Direct Brokerage, Qtrade Investor, Questrade, RBC Direct Investing, Scotia iTrade, TD Direct Investing, and Virtual Brokers.
Compare Top Brokerages Here.

What other stocks do shareholders of Definity Financial own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Definity Financial investors own include Royal Bank of Canada (RY), Northland Power (NPI), Toronto-Dominion Bank (TD), AbbVie (ABBV), Bank of America (BAC), General Motors (GM) and Johnson & Johnson (JNJ).

Company Calendar

• Ex-Dividend for 9/27 Dividend: 9/13/2024
• Dividend Payable: 9/27/2024
• Last Earnings: 11/07/2024
• Today: 11/23/2024
• Ex-Dividend for 12/27 Dividend: 12/13/2024
• Dividend Payable: 12/27/2024
• Next Earnings (Estimated): 2/20/2025

Industry, Sector and Symbol

• Stock Exchange: TSE
• Sector: Financial Services
• Industry: Insurance - Property & Casualty
• Sub-Industry: N/A
• Current Symbol: TSE:DFY
• CUSIP: N/A
• CIK: N/A
• Web: www.definityfc.com
• Phone: 519-570-8200
• Fax: N/A
• Employees: 3,442
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: C$54.70
• High Stock Price Target: C$65.00
• Low Stock Price Target: C$43.00
• Potential Upside/Downside: -8.8%
• Consensus Rating: Hold
• Rating Score (0-4): 2.18
• Research Coverage: 11 Analysts

Profitability

• EPS (Most Recent Fiscal Year): C$3.31
• Trailing P/E Ratio: 18.12
• Forward P/E Ratio: 19.18
• P/E Growth: 2.63
• Net Income: C$386.60 million
• Net Margins: 9.60%
• Pretax Margin: N/A
• Return on Equity: 13.00%
• Return on Assets: 4.81%

Debt

• Debt-to-Equity Ratio: 6.38
• Current Ratio: 7.68
• Quick Ratio: 0.31

Sales & Book Value

• Annual Sales: C$4.03 billion
• Price / Sales: 1.71
• Cash Flow: C$4.87 per share
• Price / Cash Flow: 12.31
• Book Value: C$26.17 per share
• Price / Book: 2.29

Miscellaneous

• Outstanding Shares: 114,890,000
• Free Float: N/A
• Market Cap: C$6.89 billion
• Optionable: Not Optionable
• Beta: 0.04