Definity Financial (TSE:DFY) Price Target Raised to C$65.00 at National Bankshares

Definity Financial (TSE:DFY - Free Report) had its price target boosted by National Bankshares from C$62.00 to C$65.00 in a research report report published on Wednesday, BayStreet.CA reports. They currently have an outperform rating on the stock.

A number of other equities research analysts have also issued reports on the company. TD Securities increased their target price on Definity Financial from C$52.00 to C$55.00 in a research note on Friday, September 20th. Raymond James increased their target price on Definity Financial from C$55.00 to C$58.00 in a research note on Tuesday, October 22nd. Desjardins increased their target price on Definity Financial from C$47.00 to C$52.00 and gave the company a "hold" rating in a research note on Tuesday, August 6th. Scotiabank increased their target price on Definity Financial from C$51.00 to C$53.00 in a research note on Friday, September 20th. Finally, Cibc World Mkts lowered Definity Financial from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, August 6th. Six equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of C$53.70.

Definity Financial Price Performance

Shares of TSE:DFY traded down C$0.72 on Wednesday, hitting C$54.43. The company had a trading volume of 72,470 shares, compared to its average volume of 104,963. The company has a current ratio of 7.68, a quick ratio of 0.31 and a debt-to-equity ratio of 6.38. Definity Financial has a 52-week low of C$35.48 and a 52-week high of C$55.86. The business has a 50 day moving average of C$52.36 and a 200 day moving average of C$47.88. The company has a market cap of C$6.25 billion, a PE ratio of 16.44, a PEG ratio of 2.63 and a beta of 0.04.

Definity Financial (TSE:DFY - Get Free Report) last released its earnings results on Thursday, August 1st. The company reported C$0.94 EPS for the quarter, beating the consensus estimate of C$0.66 by C$0.28. The firm had revenue of C$1.05 billion during the quarter, compared to analyst estimates of C$1.07 billion. Definity Financial had a return on equity of 13.00% and a net margin of 9.60%. As a group, equities analysts anticipate that Definity Financial will post 3.1263962 earnings per share for the current fiscal year.

Definity Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 13th were given a $0.16 dividend. This represents a $0.64 annualized dividend and a yield of 1.18%. The ex-dividend date was Friday, September 13th. 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.