Fairfax Financial Holdings Limited (TSE:FFH – Get Free Report)’s stock price reached a new 52-week high on Tuesday . The stock traded as high as C$1,757.99 and last traded at C$1,753.29, with a volume of 2839 shares changing hands. The stock had previously closed at C$1,754.31.
Analyst Upgrades and Downgrades
Several research analysts have commented on the stock. Royal Bank of Canada raised their target price on shares of Fairfax Financial from C$1,325.00 to C$1,425.00 and gave the stock an “outperform” rating in a research report on Thursday, October 3rd. Scotiabank lifted their price objective on Fairfax Financial from C$1,950.00 to C$2,000.00 in a research report on Wednesday, July 24th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$1,854.17.
Check Out Our Latest Analysis on FFH
Fairfax Financial Stock Up 0.3 %
Fairfax Financial (TSE:FFH – Get Free Report) last released its earnings results on Thursday, August 1st. The company reported C$50.87 EPS for the quarter, missing the consensus estimate of C$51.23 by C($0.36). Fairfax Financial had a return on equity of 17.91% and a net margin of 12.27%. The company had revenue of C$10.25 billion during the quarter. Analysts forecast that Fairfax Financial Holdings Limited will post 210.3600973 earnings per share for the current year.
Insiders Place Their Bets
In other Fairfax Financial news, Senior Officer Olivier Elie Quesnel sold 173 shares of the stock in a transaction on Thursday, August 15th. The stock was sold at an average price of C$1,566.13, for a total transaction of C$270,940.49. Following the sale, the insider now directly owns 202 shares in the company, valued at approximately C$316,358.26. This trade represents a 0.00 % decrease in their position. In other news, Senior Officer Olivier Elie Quesnel sold 173 shares of Fairfax Financial stock in a transaction that occurred on Thursday, August 15th. The shares were sold at an average price of C$1,566.13, for a total value of C$270,940.49. Following the completion of the sale, the insider now directly owns 202 shares in the company, valued at C$316,358.26. The trade was a 0.00 % decrease in their ownership of the stock. Also, Director Brian David Young sold 4,280 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of C$1,617.96, for a total transaction of C$6,924,875.22. Over the last ninety days, insiders sold 6,953 shares of company stock valued at $11,304,176. Insiders own 3.75% of the company’s stock.
Fairfax Financial Company Profile
Fairfax Financial Holdings Limited, through its subsidiaries, provides property and casualty insurance and reinsurance, and investment management services in the United States, Canada, Asia, and internationally. The company operates through Property and Casualty Insurance and Reinsurance, Life insurance and Run-off, and Non-Insurance Companies segments.
Featured Articles
- Five stocks we like better than Fairfax Financial
- Dividend Screener: How to Evaluate Dividend Stocks Before Buying
- Goldman Sachs Earnings Reveal Market Moves Investors Can’t Ignore
- The Basics of Support and Resistance
- AMD Gains Momentum With AI: Can It Beat Expectations?
- Upcoming IPO Stock Lockup Period, Explained
- Lithium Grab: 2 Lithium Stocks That Could Be Takeover Targets
Receive News & Ratings for Fairfax Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Fairfax Financial and related companies with MarketBeat.com's FREE daily email newsletter.