Definity Financial (TSE:DFY) Price Target Raised to C$58.00

Definity Financial (TSE:DFY) had its price target lifted by Raymond James from C$55.00 to C$58.00 in a research note issued to investors on Tuesday morning, BayStreet.CA reports.

A number of other research analysts have also recently weighed in on the company. Desjardins lifted their target price on Definity Financial from C$47.00 to C$52.00 and gave the company a “hold” rating in a report on Tuesday, August 6th. Cormark raised their target price on Definity Financial from C$49.00 to C$51.00 in a report on Friday, July 26th. TD Securities upped their price target on Definity Financial from C$52.00 to C$55.00 in a report on Friday, September 20th. Cibc World Mkts cut shares of Definity Financial from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, August 6th. Finally, National Bankshares upped their price objective on shares of Definity Financial from C$60.00 to C$62.00 and gave the company an “outperform” rating in a research report 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 company. According to MarketBeat.com, Definity Financial has a consensus rating of “Hold” and a consensus target price of C$53.40.

Definity Financial Stock Down 0.1 %

DFY opened at C$55.03 on Tuesday. Definity Financial has a one year low of C$35.48 and a one year high of C$55.86. The company has a market cap of C$6.32 billion, a price-to-earnings ratio of 16.64, a PEG ratio of 2.63 and a beta of 0.04. The business’s fifty day moving average is C$51.99 and its two-hundred day moving average is C$47.54. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.31 and a current ratio of 7.68.

Definity Financial (TSE:DFY) last issued its quarterly earnings data on Thursday, August 1st. The company reported C$0.94 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.66 by C$0.28. The business had revenue of C$1.05 billion for the quarter, compared to the consensus estimate of C$1.07 billion. Definity Financial had a return on equity of 13.00% and a net margin of 9.60%. Analysts anticipate that Definity Financial will post 3.1263962 EPS for the current fiscal year.

Definity Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were given a dividend of $0.16 per share. The ex-dividend date was Friday, September 13th. This represents a $0.64 dividend on an annualized basis and a yield of 1.16%. Definity Financial’s 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.