Definity Financial Corp. (DFY:CA)
Definity Financial was initiated at Jefferies & Company. with a “Buy” rating and a 12 month target price of $88.00 per share, reflecting confidence in the insurer’s medium-term growth outlook. Jefferies highlighted Definity’s disciplined underwriting, improving pricing conditions in personal and commercial lines, and continued margin expansion as key drivers. The firm also pointed to Definity’s strong capital position, which provides flexibility for organic growth initiatives and potential capital returns, while its expanding digital capabilities are expected to support efficiency gains and competitive positioning in a Canadian property and casualty insurance market that remains favorable despite a more cautious economic backdrop.
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