TSX:DFY - Post Discussion
Post by
retiredcf on Dec 15, 2023 7:03am
Panic-Proof Portfolio
TOP PICK
Definity Financial(DFY-T)
14/12/2023
Stockchase Research Editor: Michael O'Reilly
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)
$36.320
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