Definity Financial Co. (TSE:DFY) Given Average Rating of “Hold” by Brokerages

Definity Financial Co. (TSE:DFY) has earned a consensus rating of “Hold” from the ten ratings firms that are currently covering the firm, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is C$52.90.

Several equities research analysts have recently commented on DFY shares. Desjardins boosted their target price on shares of 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. Cibc World Mkts cut shares of Definity Financial from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, August 6th. Royal Bank of Canada lifted their target price on shares of Definity Financial from C$58.00 to C$61.00 in a research note on Friday, August 2nd. Scotiabank increased their price target on Definity Financial from C$51.00 to C$53.00 in a research report on Friday, September 20th. Finally, CIBC downgraded Definity Financial from an “outperform” rating to a “neutral” rating and lifted their price objective for the company from C$47.00 to C$51.00 in a research report on Tuesday, August 6th.

Definity Financial Stock Up 1.0 %

TSE DFY opened at C$53.03 on Friday. Definity Financial has a 1-year low of C$35.48 and a 1-year high of C$55.53. The company has a market capitalization of C$6.09 billion, a price-to-earnings ratio of 16.02, a PEG ratio of 2.63 and a beta of 0.04. The stock’s 50 day moving average is C$50.82 and its two-hundred day moving average is C$46.75. 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 (TSE:DFY) last announced its quarterly 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. Definity Financial had a return on equity of 13.00% and a net margin of 9.60%. The business had revenue of C$1.05 billion for the quarter, compared to analyst estimates of C$1.07 billion. Equities analysts forecast that Definity Financial will post 3.1263962 earnings per share for the current fiscal year.

Definity Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.21%. The ex-dividend date of this dividend was Friday, September 13th. Definity Financial’s dividend payout ratio (DPR) 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.