Fairfax Financial Holdings Limited (OTCMKTS:FRFHF - Get Free Report)'s stock price reached a new 52-week high on Friday after the company announced better than expected quarterly earnings. The company traded as high as $1,493.52 and last traded at $1,463.92, with a volume of 7694 shares changing hands. The stock had previously closed at $1,407.77.
The financial services provider reported $50.42 earnings per share for the quarter, beating the consensus estimate of $43.72 by $6.70. The firm had revenue of $7.74 billion for the quarter, compared to analyst estimates of $7.51 billion. Fairfax Financial had a net margin of 13.40% and a return on equity of 15.21%.
Fairfax Financial Announces Dividend
The company also recently disclosed an annual dividend, which was paid on Thursday, January 23rd. Shareholders of record on Thursday, January 16th were paid a $15.00 dividend. The ex-dividend date was Thursday, January 16th. This represents a yield of 1.09%. Fairfax Financial's dividend payout ratio (DPR) is presently 9.17%.
Wall Street Analysts Forecast Growth
Separately, Royal Bank of Canada lifted their price target on shares of Fairfax Financial from $1,425.00 to $1,500.00 and gave the company an "outperform" rating in a research report on Monday, November 4th.
View Our Latest Report on FRFHF
Fairfax Financial Stock Performance
The company has a current ratio of 2.45, a quick ratio of 2.45 and a debt-to-equity ratio of 0.39. The company's 50-day moving average is $1,389.04 and its two-hundred day moving average is $1,304.31. The firm has a market cap of $33.51 billion, a P/E ratio of 8.95 and a beta of 0.80.
Fairfax Financial Company Profile
(
Get Free Report)
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.
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