Definity Financial Expands Private Placement to Fund Acquisition

Definity Financial Corp. ( (TSE:DFY) ) has provided an announcement.

Definity Financial Corporation has announced an increase in the size of its previously declared private placements of common shares to $385 million. This move is aimed at partially funding the acquisition of the Canadian operations of Travelers, excluding its surety business, for a cash consideration of approximately $3.3 billion. The offering is expected to close around June 11, 2025, subject to regulatory approvals, and if the acquisition does not proceed, the funds will be used for general corporate purposes.

The most recent analyst rating on (TSE:DFY) stock is a Hold with a C$53.00 price target. To see the full list of analyst forecasts on Definity Financial Corp. stock, see the TSE:DFY Stock Forecast page.

Spark’s Take on TSE:DFY Stock

According to Spark, TipRanks’ AI Analyst, TSE:DFY is a Outperform.

Definity Financial Corp. scores a 70, reflecting its strong financial performance and solid technical indicators. The company’s prudent financial management and strategic initiatives strengthen its market position. While valuation is reasonable, recent catastrophe losses and overbought technical indicators suggest a balanced outlook. Overall, the stock shows potential for growth, supported by robust fundamentals.

To see Spark’s full report on TSE:DFY stock, click here.

More about Definity Financial Corp.

Definity Financial Corporation is a leading property and casualty insurer in Canada, boasting over $4.5 billion in gross written premiums for the 12 months ending March 31, 2025. The company holds approximately $3.4 billion in equity attributable to common shareholders as of the same date.

Average Trading Volume: 198,184

Technical Sentiment Signal: Hold

Current Market Cap: C$8.04B

Find detailed analytics on DFY stock on TipRanks’ Stock Analysis page.