Definity Financial Co. (TSE:DFY) Receives Consensus Rating of “Moderate Buy” from Analysts

Definity Financial Co. (TSE:DFY) has received an average rating of “Moderate Buy” from the eight ratings firms that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is C$47.70.

A number of equities analysts have recently weighed in on the stock. Desjardins upped their price target on shares of Definity Financial from C$44.00 to C$45.00 and gave the stock a “hold” rating in a research note on Tuesday, April 16th. TD Securities lifted their price objective on Definity Financial from C$45.00 to C$49.00 and gave the stock a “buy” rating in a report on Friday, February 16th. Scotiabank raised their price target on Definity Financial from C$49.00 to C$51.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Royal Bank of Canada increased their price objective on shares of Definity Financial from C$49.00 to C$50.00 and gave the company an “outperform” rating in a research note on Monday, April 29th. Finally, National Bankshares upped their target price on Definity Financial from C$59.00 to C$60.00 and gave the company an “outperform” rating in a research note on Tuesday, April 30th.

Definity Financial Stock Performance

Shares of DFY opened at C$46.35 on Tuesday. Definity Financial has a 52-week low of C$32.09 and a 52-week high of C$47.50. The company has a market capitalization of C$5.37 billion, a price-to-earnings ratio of 15.45, a price-to-earnings-growth ratio of 2.63 and a beta of 0.08. The company has a quick ratio of 0.31, a current ratio of 4.68 and a debt-to-equity ratio of 4.99. The stock has a 50 day moving average price of C$44.90 and a 200 day moving average price of C$40.46.

Definity Financial (TSE:DFY) last announced its earnings results on Thursday, February 15th. The company reported C$0.86 EPS for the quarter, beating analysts’ consensus estimates of C$0.74 by C$0.12. The business had revenue of C$1 billion for the quarter. Definity Financial had a net margin of 9.06% and a return on equity of 12.52%. Research analysts predict that Definity Financial will post 2.7913715 EPS for the current fiscal year.

Definity Financial Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were paid a dividend of $0.16 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.64 annualized dividend and a yield of 1.38%. This is a boost from Definity Financial’s previous quarterly dividend of $0.14. Definity Financial’s dividend payout ratio (DPR) is currently 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.