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

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

Analysts Set New Price Targets

FFH has been the topic of several research reports. 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 note on Thursday, October 3rd. National Bankshares increased their price target on 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. Finally, Scotiabank boosted their price objective on Fairfax Financial from C$1,950.00 to C$2,000.00 in a research report on Wednesday, July 24th.

Fairfax Financial Stock Down 0.9 %

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 firm’s 50 day simple moving average is C$1,671.90 and its 200 day simple moving average is C$1,583.77. The company has a market cap of C$40.85 billion, a price-to-earnings ratio of 7.80, a price-to-earnings-growth ratio of 0.27 and a beta of 0.83.

Fairfax Financial (TSE:FFH) last posted 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 net margin of 12.27% and a return on equity of 17.91%. The business had revenue of C$10.25 billion during the quarter. Sell-side analysts anticipate that Fairfax Financial Holdings Limited will post 212.3039807 EPS for the current fiscal year.

Insider Transactions at Fairfax Financial

In related news, Senior Officer Peter Clarke sold 2,000 shares of the company’s stock in a transaction dated 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 C$1,040,859.76. This represents a 0.00 % decrease in their ownership of the stock. In other news, Director Brian David Young sold 4,280 shares of Fairfax Financial 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. Also, Senior Officer Peter Clarke sold 2,000 shares of the business’s 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 directly owns 632 shares in the company, valued at C$1,040,859.76. This represents a 0.00 % decrease in their position. Over the last quarter, insiders sold 6,953 shares of company stock valued at $11,304,176. 3.76% of the stock is currently owned by corporate insiders.

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.