Fairfax Financial (TSE:FFH) Sets New 12-Month High at $1,650.20

Fairfax Financial Holdings Limited (TSE:FFH) shares hit a new 52-week high on Thursday . The company traded as high as C$1,650.20 and last traded at C$1,650.20, with a volume of 7355 shares trading hands. The stock had previously closed at C$1,625.00.

Wall Street Analysts Forecast Growth

Separately, Scotiabank boosted their target price 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 stock has a consensus rating of “Buy” and a consensus target price of C$1,829.17.

Fairfax Financial Trading Down 2.5 %

The company has a debt-to-equity ratio of 40.13, a current ratio of 3.75 and a quick ratio of 0.93. The business’s fifty day simple moving average is C$1,569.86 and its 200 day simple moving average is C$1,526.51. The stock has a market cap of C$34.34 billion, a price-to-earnings ratio of 7.31, a P/E/G 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 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$51.23 by C($0.36). The company had revenue of C$10.25 billion during the quarter. Fairfax Financial had a net margin of 12.27% and a return on equity of 17.91%. On average, research analysts predict that Fairfax Financial Holdings Limited will post 195.7833935 EPS for the current year.

Insiders Place Their Bets

In other Fairfax Financial news, Director David Lloyd Johnston sold 226 shares of the stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of C$1,549.95, for a total transaction of C$350,288.70. In related news, Director David Lloyd Johnston sold 226 shares of Fairfax Financial stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of C$1,549.95, for a total value of C$350,288.70. Also, Director Brian David Young sold 4,280 shares of the stock in a transaction on 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. 3.76% of the stock is currently owned by 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.