Fairfax Financial (TSE:FFH) Sets New 52-Week High – Time to Buy?

Fairfax Financial Holdings Limited (TSE:FFH) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$1,938.88 and last traded at C$1,934.30, with a volume of 7589 shares changing hands. The stock had previously closed at C$1,917.99.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. National Bankshares lifted their price target on shares of Fairfax Financial from C$2,100.00 to C$2,200.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 30th. Cormark boosted their target price on Fairfax Financial from C$1,800.00 to C$2,125.00 in a research note on Monday, November 4th. Scotiabank raised their target price on shares of Fairfax Financial from C$2,100.00 to C$2,200.00 in a report on Monday, November 4th. Royal Bank of Canada increased their price objective 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. Finally, BMO Capital Markets increased their price objective on Fairfax Financial from C$1,850.00 to C$2,200.00 in a report on Monday, November 4th.

Fairfax Financial Price Performance

The company’s 50-day simple moving average is C$1,734.33 and its 200-day simple moving average is C$1,613.66. The company has a debt-to-equity ratio of 40.13, a current ratio of 3.75 and a quick ratio of 0.93. The stock has a market capitalization of C$44.82 billion, a price-to-earnings ratio of 8.53, a P/E/G ratio of 0.27 and a beta of 0.83.

Insider Activity at Fairfax Financial

In related news, Director Brian David Young sold 4,280 shares of the company’s stock in a transaction dated 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. Also, Director F. Brian Bradstreet sold 1,000 shares of the stock in a transaction dated Tuesday, November 12th. The stock was sold at an average price of C$1,875.00, for a total transaction of C$1,875,000.00. Over the last three months, insiders have sold 7,829 shares of company stock worth $12,997,725. Corporate insiders own 3.76% of the company’s stock.

About Fairfax Financial

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.