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Definity Financial (DFY-T)
TSE:DFY
58.66
0.14
(0.24%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
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Most Anticipated Earnings: IAG-T, BDT-T and more Canadian Companies Reporting Earnings this Week (Nov 04-08)Most Anticipated Earnings: BLDP-T, BOS-T and more Canadian Companies Reporting Earnings this Week (May 06-10)This summary was created by AI, based on 15 opinions in the last 12 months.
Based on the reviews from different experts, it can be concluded that DFY, the financial holding company for a leading property and casualty insurer in Canada, is a well-run business in a sector with some risks. The company is progressing well and has strong long-term prospects despite recent insurance losses. It is seen as a good value at the current share price and is trading at a significant discount compared to its competitor IFC. There is potential for the company to be acquired or to make acquisitions in the future, making it a good time to buy. The industry is consolidating, and the company has a smaller size advantage that could give it a leg up over its competitor. Overall, DFY is a good investment with upside potential.
$54.270
No
Recent insurance losses (flooding) in Toronto will be hard on the business, but overall long term prospects are good. Climate change actually good for the business (more premiums). Likes business, but does not own shares (prefers Intact).
P&C business. Making a ton of money. Great business, good valuation. Will probably be acquired at some point. His insurance play remains BRK.B.
Does not owns shares. However, likes property and casualty insurance space. Canadian company with online business model that is good for reducing costs. Will take time to see if business is consolidated. If already own shares - would recommend holding.
Reasonable dividend. Good company with quality prospects. Q1 a slight miss, but the business is very sound. Would recommend buying weakness. Excellent value at current share price.
Trades at significant discount (1.7x book value) to IFC (2.7x book value), as it's growing faster and increasing ROE faster. Sees it trading at 2x book within a year, giving it a $60 share price. Pullback is a great entry point. Yield is 1.49%.
(Analysts’ price target is $49.21)All reinsurance in property & casualty business. Really expensive in Canada. IFC is the monster, DFY is a newer entrant. He owns none of them. Likes the business, but valuation is too high.
Our PAST TOP PICK with DFY is progressing well. To remain disciplined, we recommend trailing up the stop (from $37) to $41 at this time. If triggered, this would result in a net investment gain of 16%, including the previous recommendation to cover half the position.
Very strong results recently. Premiums more than covered expenses. Raised dividend by 16%. Now allowed to lever balance sheet to make acquisitions. Growing faster than IFC, which is #1 in Canada. Trades at big discount (1.8x book value) to IFC (2.8x). Really good upside.
Swiss Reinsurance just purchased 10% of company. Possible creeping takeover? DFY is either going to make acquisitions or be acquired. Good time to buy.
A Canadian P&C name to own in the space.
Likes it. Trades at a PEG ratio similar to IFC, and has exciting things happening.
DFY is the financial holding company for one of the leading property and casualty insurers in Canada, with nearly $4 billion in annual gross premiums. They are completing compliance approvals to reduce its leverage restrictions, allowing for a $550 million increase in their credit facility to grow their business. It trades at 14x earnings, under 2x book and supports an 18% ROE. We recommend placing a stop-loss at $31, looking to achieve $44 -- upside potential of over 18%. Yield 1.4%
(Analysts’ price target is $43.55)
Definity Financial(DFY-T) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 9
Neutral - Hold Signals / Votes : 2
Bearish - Sell Signals / Votes : 2
Total Signals / Votes : 13
Definity Financial(DFY-T) Frequently Asked Questions
What is Definity Financial stock symbol?
Definity Financial is a Canadian stock, trading under the symbol DFY-T on the Toronto Stock Exchange (DFY-CT). It is usually referred to as TSX:DFY or DFY-T
Is Definity Financial a buy or a sell?
In the last year, 13 stock analysts published opinions about DFY-T. 9 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Definity Financial.
Is Definity Financial a good investment or a top pick?
Definity Financial was recommended as a Top Pick by on . Read the latest stock experts ratings for Definity Financial.
Why is Definity Financial stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Definity Financial worth watching?
13 stock analysts on Stockchase covered Definity Financial In the last year. It is a trending stock that is worth watching.
What is Definity Financial stock price?
On 2024-12-11, Definity Financial (DFY-T) stock closed at a price of $58.66.
Depends on what percentage it makes of your portfolio, plus what your cost base is. #1 competitor to DFY is IFC. The industry is consolidating more. DFY might have a leg up on IFC, as DFY is smaller and can buy a few more things in Canada.
Cost inflation and extreme weather give him pause in this area. Both well-run businesses, but inclined to stay away. The sector poses some risks.