Fairfax Financial (TSE:FFH) Reaches New 52-Week High – Here’s Why

Fairfax Financial Holdings Limited (TSE:FFH)’s share price reached a new 52-week high during trading on Tuesday . The stock traded as high as C$1,979.40 and last traded at C$1,970.84, with a volume of 34341 shares. The stock had previously closed at C$1,955.09.

Wall Street Analyst Weigh In

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

Fairfax Financial Stock Performance

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’s fifty day moving average is C$1,767.13 and its 200 day moving average is C$1,629.76. The company has a market cap of C$45.94 billion, a PE ratio of 8.79, a price-to-earnings-growth ratio of 0.27 and a beta of 0.83.

Insider Buying and Selling

In other Fairfax Financial news, Director F. Brian Bradstreet sold 500 shares of the company’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 value of C$814,500.00. Also, 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 value of C$6,924,875.22. Over the last ninety days, insiders sold 9,329 shares of company stock worth $15,954,225. 3.76% of the stock is 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.