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

Shares of Definity Financial Co. (TSE:DFY) have received a consensus rating of “Hold” from the eleven analysts that are presently covering the company, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is C$54.70.

DFY has been the topic of a number of recent analyst reports. TD Securities raised their price target on shares of Definity Financial from C$58.00 to C$59.00 and gave the company a “hold” rating in a report on Friday, November 8th. Raymond James lowered shares of Definity Financial from an “outperform” rating to a “market perform” rating and lifted their price target for the stock from C$53.00 to C$55.00 in a report on Tuesday, November 12th. Cormark lowered Definity Financial from a “moderate buy” rating to a “hold” rating in a report on Wednesday, October 30th. National Bankshares boosted 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. Finally, BMO Capital Markets upped their target price on Definity Financial from C$53.00 to C$57.00 in a research report on Monday, November 11th.

Definity Financial Stock Performance

Shares of DFY stock opened at C$57.39 on Wednesday. The firm has a market cap of C$6.59 billion, a price-to-earnings ratio of 17.34, a PEG ratio of 2.63 and a beta of 0.04. Definity Financial has a 52-week low of C$36.12 and a 52-week high of C$60.78. The company has a quick ratio of 0.31, a current ratio of 7.68 and a debt-to-equity ratio of 6.38. The company’s 50 day moving average is C$56.62 and its 200 day moving average is C$51.05.

Definity Financial (TSE:DFY) last released its quarterly earnings results on Thursday, November 7th. The company reported C$0.13 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of C$1.10 billion. On average, sell-side analysts anticipate that Definity Financial will post 3.1263962 EPS for the current fiscal year.

Definity Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 27th. Shareholders of record on Friday, December 13th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend is Friday, December 13th. Definity Financial’s dividend payout ratio is presently 19.34%.

Definity Financial Company Profile

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.