Fairfax Financial (TSE:FFH) Sets New 1-Year High at $1,699.91

Fairfax Financial Holdings Limited (TSE:FFH)’s stock price hit a new 52-week high on Tuesday . The stock traded as high as C$1,699.91 and last traded at C$1,692.00, with a volume of 2197 shares traded. The stock had previously closed at C$1,684.98.

Wall Street Analyst Weigh In

Separately, Scotiabank lifted their price objective on Fairfax Financial from C$1,950.00 to C$2,000.00 in a report on Wednesday, July 24th. Five analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of C$1,829.17.

Fairfax Financial Trading Up 0.0 %

The company has a 50 day moving average of C$1,585.42 and a 200 day moving average of C$1,542.80. The company has a current ratio of 3.75, a quick ratio of 0.93 and a debt-to-equity ratio of 40.13. The firm has a market cap of C$36.20 billion, a price-to-earnings ratio of 7.64, a price-to-earnings-growth ratio of 0.27 and a beta of 0.83.

Fairfax Financial (TSE:FFH) last posted its quarterly earnings data on Thursday, August 1st. The company reported C$50.87 EPS for the quarter, missing analysts’ consensus estimates of C$51.23 by C($0.36). The business had revenue of C$10.25 billion during the quarter. Fairfax Financial had a return on equity of 17.91% and a net margin of 12.27%. As a group, research analysts anticipate that Fairfax Financial Holdings Limited will post 208.2727273 EPS for the current year.

Insiders Place Their Bets

In other Fairfax Financial news, Senior Officer Olivier Elie Quesnel sold 173 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of C$1,566.13, for a total value of C$270,940.49. Following the transaction, the insider now owns 202 shares of the company’s stock, valued at C$316,358.26. In other news, Director F. Brian Bradstreet sold 500 shares of the business’s stock in a transaction on Wednesday, September 11th. The stock was sold at an average price of C$1,629.00, for a total transaction of C$814,500.00. Also, Senior Officer Olivier Elie Quesnel sold 173 shares of the business’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of C$1,566.13, for a total value of C$270,940.49. Following the sale, the insider now owns 202 shares of the company’s stock, valued at approximately C$316,358.26. Over the last quarter, insiders have sold 4,953 shares of company stock valued at $8,010,316. 3.73% of the stock is currently owned by corporate insiders.

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.