Fairfax Financial (TSE:FFH) Reaches New 12-Month High – Should You Buy?

Fairfax Financial Holdings Limited (TSE:FFH) shares reached a new 52-week high on Tuesday . The stock traded as high as C$1,771.00 and last traded at C$1,766.76, with a volume of 10136 shares traded. The stock had previously closed at C$1,749.99.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on FFH shares. Scotiabank boosted their target price on Fairfax Financial from C$1,950.00 to C$2,000.00 in a research report on Wednesday, July 24th. National Bankshares boosted their price objective on Fairfax Financial from C$2,100.00 to C$2,200.00 and gave the stock an “outperform” rating in a report on Wednesday. Finally, 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 report on Thursday, October 3rd.

Fairfax Financial Price Performance

The stock’s 50-day moving average is C$1,671.90 and its 200 day moving average is C$1,583.77. 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 stock has a market capitalization of C$40.85 billion, a PE ratio of 7.80, a P/E/G ratio of 0.27 and a beta of 0.83.

Fairfax Financial (TSE:FFH) last released its quarterly earnings data on Thursday, August 1st. The company reported C$50.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$51.23 by C($0.36). Fairfax Financial had a net margin of 12.27% and a return on equity of 17.91%. The firm had revenue of C$10.25 billion for the quarter. As a group, equities analysts predict that Fairfax Financial Holdings Limited will post 212.3039807 earnings per share for the current year.

Insider Transactions at Fairfax Financial

In related news, Senior Officer Peter Clarke sold 2,000 shares of the stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of C$1,646.93, for a total value of C$3,293,860.00. Following the transaction, the insider now owns 632 shares in the company, valued at approximately C$1,040,859.76. This represents a 0.00 % decrease in their ownership of the stock. In related news, Senior Officer Peter Clarke sold 2,000 shares of Fairfax Financial stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of C$1,646.93, for a total value of C$3,293,860.00. Following the completion of the sale, the insider now owns 632 shares of the company’s stock, valued at approximately C$1,040,859.76. The trade was a 0.00 % decrease in their position. Also, Director Brian David Young sold 4,280 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of C$1,617.96, for a total transaction of C$6,924,875.22. Insiders sold 6,953 shares of company stock valued at $11,304,176 in the last three months. Corporate insiders own 3.76% 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.