Key Points
- Insider sale: Craig Edward David Richardson sold 1,881 shares on Nov. 21 at an average of C$70.80 for C$133,174.80, leaving him with 7 shares — a 99.63% reduction in his ownership.
- Analyst view: The stock has a consensus rating of "Hold" with a consensus price target of C$76.50, though recent notes are mixed (Scotiabank and National Bank raised targets to C$93, BMO to C$73, while CIBC cut to C$74).
- Recent results and metrics: Definity reported quarterly EPS of C$1.59, ROE of 18.19% and revenue of C$1.56B; the stock trades around C$71.74 with a market cap of C$8.6B and a P/E of ~17.7.
Definity Financial Co. (TSE:DFY - Get Free Report) insider Craig Edward David Richardson sold 1,881 shares of the company's stock in a transaction on Friday, November 21st. The stock was sold at an average price of C$70.80, for a total value of C$133,174.80. Following the sale, the insider owned 7 shares of the company's stock, valued at C$495.60. The trade was a 99.63% decrease in their ownership of the stock.
Definity Financial Stock Down 0.3%
Definity Financial stock opened at C$71.74 on Tuesday. The business's 50-day moving average price is C$69.10 and its two-hundred day moving average price is C$72.13. The stock has a market cap of C$8.60 billion, a PE ratio of 17.71, a P/E/G ratio of 2.63 and a beta of -0.15. Definity Financial Co. has a 12-month low of C$53.26 and a 12-month high of C$79.95.
Definity Financial (TSE:DFY - Get Free Report) last announced its quarterly earnings results on Thursday, November 6th. The company reported C$1.59 EPS for the quarter. Definity Financial had a return on equity of 18.19% and a net margin of 12.32%.The company had revenue of C$1.56 billion during the quarter. As a group, analysts expect that Definity Financial Co. will post 3.1263962 earnings per share for the current year.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on DFY shares. Scotiabank raised their price target on shares of Definity Financial from C$92.00 to C$93.00 in a research note on Friday, November 7th. BMO Capital Markets increased their target price on shares of Definity Financial from C$68.00 to C$73.00 in a research note on Monday, November 10th. Barclays upgraded Definity Financial to a "hold" rating in a report on Tuesday, September 30th. CIBC lowered their price objective on Definity Financial from C$80.00 to C$74.00 and set a "neutral" rating for the company in a research note on Thursday, October 23rd. Finally, National Bankshares boosted their price target on shares of Definity Financial from C$92.00 to C$93.00 in a report on Monday, November 10th. Two research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of C$76.50.
View Our Latest Report on Definity Financial
About Definity Financial
(
Get Free Report)
Definity Financial Corp is a multi-channel, property, and casualty insurance company. It offers auto, property, liability, and pet insurance products to individual customers.
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