Bullboard - Stock Discussion Forum Definity Financial Corp T.DFY

Alternate Symbol(s): DFYFF

Financial Services Insurance - Property & Casualty

Definity Financial Corporation, through its subsidiaries, offers property and casualty (P&C) insurance in Canada. The Company provides service and insurance coverage, through a licensed broker or our digital direct channel. It offers both personal and commercial insurance products. Its commercial lines insurance operations include fleet, individually rated commercial auto, property, liability... see more

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TSX:DFY - Post Discussion

Definity Financial Corp > Stephen Takacsy - BNN - PAST TOP PICK

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Post by Possibleidiot01 on Mar 28, 2024 3:24pm

Stephen Takacsy - BNN - PAST TOP PICK

PAST TOP PICK

(A Top Pick Mar 27/23, Up 29%)

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.

Financial Services

$43.060