Latest news with #DefinityFinancialCorp
Business Insider
06-08-2025
- Business
- Business Insider
RBC Capital Remains a Buy on Definity Financial Corp. (DFY)
RBC Capital analyst Bart Dziarski maintained a Buy rating on Definity Financial Corp. yesterday and set a price target of C$87.00. The company's shares closed yesterday at C$73.95. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. According to TipRanks, Dziarski is a 2-star analyst with an average return of 1.7% and a 43.75% success rate. Dziarski covers the Financial sector, focusing on stocks such as Fairfax Financial Holdings, Intact Financial Corporation, and Definity Financial Corp.. In addition to RBC Capital, Definity Financial Corp. also received a Buy from TR | OpenAI – 4o's Wesley Roofguard in a report issued on August 1. However, yesterday, Raymond James maintained a Hold rating on Definity Financial Corp. (TSX: DFY). Based on Definity Financial Corp.'s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of C$51.4 million and a net profit of C$92 million. In comparison, last year the company earned a revenue of C$1 billion and had a net profit of C$105.2 million Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of DFY in relation to earlier this year.
Toronto Star
04-06-2025
- Business
- Toronto Star
Definity signs deal to buy Travelers' Canadian operations for $3.3 billion
WATERLOO - Definity Financial Corp. says it will acquire most of the Canadian operations of U.S. insurance firm Travelers for $3.3 billion. Definity says the deal will make it the fourth largest property and casualty insurer in Canada.
Hamilton Spectator
28-05-2025
- Business
- Hamilton Spectator
Definity signs deal to buy Travelers' Canadian operations for $3.3 billion
WATERLOO - Definity Financial Corp. says it will acquire most of the Canadian operations of U.S. insurance firm Travelers for $3.3 billion. Definity says the deal will make it the fourth largest property and casualty insurer in Canada. The agreement will give the Waterloo, Ont.-based firm an additional $1.6 billion in annual gross written premiums. It will add about $1 billion in annual premiums to its personal lines segment and roughly $600 million to its commercial lines business. Definity says the deal excludes Travelers' Canadian surety business. The transaction is subject to approval from the minister of finance and needs clearance under the Competition Act but is expected to close in the first quarter of 2026. This report by The Canadian Press was first published May 28, 2025.
Winnipeg Free Press
28-05-2025
- Business
- Winnipeg Free Press
Definity signs deal to buy Travelers' Canadian operations for $3.3 billion
WATERLOO – Definity Financial Corp. says it will acquire most of the Canadian operations of U.S. insurance firm Travelers for $3.3 billion. Definity says the deal will make it the fourth largest property and casualty insurer in Canada. The agreement will give the Waterloo, Ont.-based firm an additional $1.6 billion in annual gross written premiums. It will add about $1 billion in annual premiums to its personal lines segment and roughly $600 million to its commercial lines business. Definity says the deal excludes Travelers' Canadian surety business. The transaction is subject to approval from the minister of finance and needs clearance under the Competition Act but is expected to close in the first quarter of 2026. This report by The Canadian Press was first published May 28, 2025.
Yahoo
28-05-2025
- Business
- Yahoo
Definity signs deal to buy Travelers' Canadian operations for $3.3 billion
WATERLOO — Definity Financial Corp. says it will acquire most of the Canadian operations of U.S. insurance firm Travelers for $3.3 billion. Definity says the deal will make it the fourth largest property and casualty insurer in Canada. The agreement will give the Waterloo, Ont.-based firm an additional $1.6 billion in annual gross written premiums. It will add about $1 billion in annual premiums to its personal lines segment and roughly $600 million to its commercial lines business. Definity says the deal excludes Travelers' Canadian surety business. The transaction is subject to approval from the minister of finance and needs clearance under the Competition Act but is expected to close in the first quarter of 2026. This report by The Canadian Press was first published May 28, 2025. The Canadian Press
