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

Definity Financial Co. (TSE:DFY) has earned a consensus recommendation of “Hold” from the eleven ratings firms that are covering the firm, MarketBeat Ratings reports. Nine investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is C$54.70.

Several research firms have issued reports on DFY. Royal Bank of Canada upped their price target on shares of Definity Financial from C$58.00 to C$61.00 in a research report on Friday, August 2nd. TD Securities increased their target price on Definity Financial from C$58.00 to C$59.00 and gave the company a “hold” rating in a report on Friday, November 8th. Scotiabank downgraded Definity Financial from a “strong-buy” rating to a “hold” rating in a research report on Monday, November 11th. National Bankshares increased their price objective on Definity Financial from C$62.00 to C$65.00 and gave the company an “outperform” rating in a research note on Wednesday, October 30th. Finally, BMO Capital Markets upped their price target on shares of Definity Financial from C$53.00 to C$57.00 in a report on Monday, November 11th.

Definity Financial Trading Down 0.2 %

Shares of DFY stock opened at C$58.53 on Friday. 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 firm has a market cap of C$6.72 billion, a P/E ratio of 17.68, a price-to-earnings-growth ratio of 2.63 and a beta of 0.04. The business has a 50-day moving average price of C$55.32 and a two-hundred day moving average price of C$49.57. Definity Financial has a 12-month low of C$35.48 and a 12-month high of C$60.22.

Definity Financial (TSE:DFY) last issued its quarterly earnings results on Thursday, November 7th. The company reported C$0.13 EPS for the quarter, beating analysts’ consensus estimates of C($0.04) by C$0.17. The business had revenue of C$1.10 billion for the quarter, compared to analysts’ expectations of C$1.10 billion. Definity Financial had a net margin of 9.60% and a return on equity of 13.00%. Equities analysts anticipate that Definity Financial will post 3.1263962 EPS for the current fiscal year.

Definity Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 27th. Stockholders of record on Friday, December 13th will be paid a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Friday, December 13th. Definity Financial’s payout ratio is 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.