Fairfax Financial (TSE:FFH) Reaches New 12-Month High – Here’s Why

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$1,979.40 and last traded at C$1,970.84, with a volume of 34341 shares trading hands. The stock had previously closed at C$1,955.09.

Analyst Ratings Changes

A number of analysts have recently commented on FFH shares. Royal Bank of Canada boosted their price objective on shares of Fairfax Financial from C$1,325.00 to C$1,425.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. Scotiabank boosted their target price on shares of Fairfax Financial from C$2,100.00 to C$2,200.00 in a research note on Monday, November 4th. Cormark raised their price target on Fairfax Financial from C$1,800.00 to C$2,125.00 in a research note on Monday, November 4th. BMO Capital Markets lifted their price objective on Fairfax Financial from C$1,850.00 to C$2,200.00 in a report on Monday, November 4th. Finally, National Bankshares increased their target price on Fairfax Financial from C$2,100.00 to C$2,200.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th.

Fairfax Financial Stock Performance

The business’s 50-day moving average price is C$1,780.04 and its 200-day moving average price is C$1,636.14. The stock has a market cap of C$45.95 billion, a P/E ratio of 8.78, a P/E/G ratio of 0.27 and a beta of 0.83. The company has a debt-to-equity ratio of 40.13, a quick ratio of 0.93 and a current ratio of 3.75.

Insider Buying and Selling at Fairfax Financial

In other Fairfax Financial news, Senior Officer Peter Clarke sold 2,000 shares of the stock in a transaction 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 completion of the sale, the insider now owns 632 shares in the company, valued at approximately C$1,040,859.76. This represents a 75.99 % decrease in their position. Also, Director Brian David Young sold 4,280 shares of the business’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 value of C$6,924,875.22. Over the last quarter, insiders sold 9,329 shares of company stock valued at $15,954,225. Company 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.