Definity Financial (DFY.TO) Buy, Sell or Hold

Definity Financial (DFY.TO)

72.83

-0.60 (0.82%)

as of Sep 18, 2026, 6:50:57 pm Market Open.

58 watching

TOP PICK

Although not well known it is Canada's 7th biggest property/casualty insurance company. 70% is personal insurance and 30% is commercial. Its IPO was 18 months ago on the TSX and it is now trading at 1 1/2 times BV. It can grow organically and can now leverage its balance sheet to make acquisitions. After a nice run along with a recent pull-back, he is buying more. It is profitable and growing faster than Intact Insurance, the gold standard in Canada.
Buy 7 Hold 4 Sell 0

TOP PICK

Up 30% in one year and the biggest IPO of 2021. Their combined ratio went from 110% to 90%, from losing to making money. Pays a 1.3% dividend. Also they have a pet insurance business, a lucrative space.

(Analysts’ price target is $42.95)

BUY ON WEAKNESS

Well managed company that will perform well.
Higher interest rates will benefit company.
Does not own shares, but thinks is a good business.
Hold for the long term and dividend yield.

BUY

Small, junior version of IFC, which he does own. Prefers IFC with its scale, breadth, and geographic diversification. P&C has been in the sweet spot. Likes it. If he were going to own another, this would probably be the one.

WAIT

They added it to the portfolio earlier this year. It is in the property and casualty insurance business and is inexpensive compared to Intact Financial, its main peer. It has great pricing power and good growth. Wait for a pullback.

BUY

Stock's doing well. Trading at a discount to IFC. Reasonable valuation. P&C is a great business. Can see them growing and acquiring. Buy while it's not yet on people's radar.

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Definity Financial (DFY.TO)