Definity Financial Co. (TSE:DFY) Receives Consensus Rating of “Hold” from Brokerages

Shares of Definity Financial Co. (TSE:DFY) have earned an average rating of “Hold” from the eleven research firms that are presently covering the firm, MarketBeat.com reports. Nine research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is C$54.70.

A number of research analysts recently commented on DFY shares. Scotiabank cut shares of Definity Financial from a “strong-buy” rating to a “hold” rating in a report on Monday, November 11th. Cormark lowered Definity Financial from a “moderate buy” rating to a “hold” rating in a report on Wednesday, October 30th. Raymond James cut Definity Financial from an “outperform” rating to a “market perform” rating and lifted their target price for the company from C$53.00 to C$55.00 in a research report on Tuesday, November 12th. BMO Capital Markets increased their price objective on shares of Definity Financial from C$53.00 to C$57.00 in a research note on Monday, November 11th. Finally, National Bankshares upped their target price on Definity Financial from C$62.00 to C$65.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th.

Definity Financial Price Performance

Shares of DFY stock opened at C$55.32 on Friday. Definity Financial has a 12-month low of C$37.09 and a 12-month 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 firm has a market capitalization of C$6.36 billion, a price-to-earnings ratio of 16.71, a price-to-earnings-growth ratio of 2.63 and a beta of 0.04. The firm has a fifty day moving average of C$57.46 and a 200-day moving average of C$52.54.

Definity Financial (TSE:DFY) last issued 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 net margin of 9.60% and a return on equity of 13.00%. The firm had revenue of C$1.10 billion for the quarter, compared to analysts’ expectations of C$1.10 billion. On average, equities research analysts forecast that Definity Financial will post 3.1263962 earnings per share for the current year.

Definity Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 27th. Shareholders of record on Friday, December 13th were given a dividend of $0.16 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $0.64 annualized dividend and a yield of 1.16%. 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.