Definity Financial (TSE:DFY) Price Target Increased to C$60.00 by Analysts at National Bankshares

Definity Financial (TSE:DFY) had its price target hoisted by National Bankshares from C$59.00 to C$60.00 in a research report released on Tuesday, BayStreet.CA reports. They currently have an outperform rating on the stock.

Several other research firms also recently weighed in on DFY. Raymond James raised their price target on shares of Definity Financial from C$42.00 to C$46.00 and gave the stock a market perform rating in a research note on Friday, February 16th. Cormark boosted their target price on Definity Financial from C$42.00 to C$43.00 in a report on Friday, February 16th. Royal Bank of Canada increased their price target on Definity Financial from C$49.00 to C$50.00 and gave the company an outperform rating in a report on Monday. TD Securities boosted their price objective on Definity Financial from C$45.00 to C$49.00 and gave the stock a buy rating in a research note on Friday, February 16th. Finally, CIBC upped their target price on Definity Financial from C$46.00 to C$47.00 and gave the company an outperform rating in a report on Tuesday, April 16th. Three analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of Moderate Buy and an average target price of C$47.70.

Definity Financial Stock Performance

TSE DFY opened at C$45.89 on Tuesday. The company has a debt-to-equity ratio of 4.99, a current ratio of 4.68 and a quick ratio of 0.31. The stock’s 50 day simple moving average is C$44.78 and its 200-day simple moving average is C$40.30. The company has a market cap of C$5.32 billion, a PE ratio of 15.30, a price-to-earnings-growth ratio of 2.63 and a beta of 0.08. Definity Financial has a 1-year low of C$32.09 and a 1-year high of C$47.50.

Definity Financial (TSE:DFY) last posted its quarterly earnings data on Thursday, February 15th. The company reported C$0.86 EPS for the quarter, beating the consensus estimate of C$0.74 by C$0.12. Definity Financial had a return on equity of 12.52% and a net margin of 9.06%. The firm had revenue of C$1 billion during the quarter. As a group, equities research analysts anticipate that Definity Financial will post 2.7913715 EPS for the current fiscal year.

Definity Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a $0.16 dividend. This represents a $0.64 annualized dividend and a dividend yield of 1.39%. The ex-dividend date of this dividend was Thursday, March 14th. This is a positive change from Definity Financial’s previous quarterly dividend of $0.14. Definity Financial’s dividend payout ratio is 21.33%.

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.