Fairfax Financial (TSE:FFH) Sets New 12-Month High – Here’s What Happened

Fairfax Financial Holdings Limited (TSE:FFH)’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.

Fairfax Financial Stock Up 0.3 %

The company has a quick ratio of 0.93, a current ratio of 3.75 and a debt-to-equity ratio of 40.13. The company’s fifty day moving average price is C$1,620.49 and its 200-day moving average price is C$1,563.98. The stock has a market capitalization of C$41.03 billion, a PE ratio of 7.96, a price-to-earnings-growth ratio of 0.27 and a beta of 0.83.

Fairfax Financial (TSE:FFH) 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.