Definity Financial Co. (DFY) to Issue Quarterly Dividend of $0.16 on December 27th

Definity Financial Co. (TSE:DFY) announced a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Stockholders of record on Friday, December 13th will be given a dividend of 0.16 per share on Friday, December 27th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date of this dividend is Friday, December 13th.

Definity Financial Trading Down 1.2 %

Definity Financial stock traded down C$0.66 during trading on Friday, reaching C$54.81. 242,299 shares of the company were exchanged, compared to its average volume of 106,042. The stock’s 50 day simple moving average is C$53.04 and its two-hundred day simple moving average is C$48.33. The company has a market capitalization of C$6.30 billion, a P/E ratio of 16.56, a PEG ratio of 2.63 and a beta of 0.04. The company has a debt-to-equity ratio of 6.38, a current ratio of 7.68 and a quick ratio of 0.31. Definity Financial has a 52-week low of C$35.48 and a 52-week high of C$58.73.

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

Analyst Upgrades and Downgrades

DFY has been the subject of a number of recent analyst reports. National Bankshares raised their price target on shares of Definity Financial from C$62.00 to C$65.00 and gave the stock an “outperform” rating in a report on Wednesday, October 30th. 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 research report on Tuesday, August 6th. Raymond James upped their price target on Definity Financial from C$55.00 to C$58.00 in a research note on Tuesday, October 22nd. Cibc World Mkts lowered shares of Definity Financial from a “strong-buy” rating to a “hold” rating in a report on Tuesday, August 6th. Finally, CIBC lowered shares of Definity Financial from an “outperform” rating to a “neutral” rating and increased their target price for the stock from C$47.00 to C$51.00 in a research note on Tuesday, August 6th. Eight equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of C$54.10.

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.