Definity Financial Co. to Issue Quarterly Dividend of $0.16 (TSE:DFY)

Definity Financial Co. (TSE:DFY) declared a quarterly dividend on Thursday, November 7th,Zacks Dividends reports. Shareholders 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 annualized dividend and a yield of 1.17%. The ex-dividend date is Friday, December 13th.

Definity Financial Stock Down 1.2 %

DFY stock opened at C$54.81 on Friday. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.31 and a current ratio of 7.68. The stock’s 50 day simple moving average is C$53.04 and its 200 day simple moving average is C$48.33. The company has a market cap of C$6.30 billion, a P/E ratio of 16.56, a price-to-earnings-growth ratio of 2.63 and a beta of 0.04. Definity Financial has a fifty-two week low of C$35.48 and a fifty-two week high of C$58.73.

Definity Financial (TSE:DFY) last posted its earnings results on Thursday, November 7th. The company reported C$0.13 earnings per share for the quarter, topping the consensus estimate of C($0.04) by C$0.17. The firm had revenue of C$1.10 billion during the quarter, compared to the consensus estimate of C$1.10 billion. Definity Financial had a net margin of 9.60% and a return on equity of 13.00%. On average, research analysts expect that Definity Financial will post 3.1263962 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several research firms recently issued reports on DFY. Raymond James raised their price target on Definity Financial from C$55.00 to C$58.00 in a research report on Tuesday, October 22nd. TD Securities boosted their price target on Definity Financial from C$58.00 to C$59.00 and gave the stock a “hold” rating in a research report on Friday. National Bankshares raised their price target on shares of Definity Financial from C$62.00 to C$65.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th. Scotiabank increased their price objective on shares of Definity Financial from C$51.00 to C$53.00 in a research report on Friday, September 20th. Finally, CIBC cut shares of Definity Financial from an “outperform” rating to a “neutral” rating and increased their price objective for the stock from C$47.00 to C$51.00 in a research note on Tuesday, August 6th. Eight investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Definity Financial has an average rating of “Hold” and a consensus target price 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.