Shares of Fairfax Financial Holdings Limited (OTCMKTS:FRFHF - Get Free Report) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $1,394.55 and traded as low as $1,389.08. Fairfax Financial shares last traded at $1,390.39, with a volume of 2,404 shares trading hands.
Analysts Set New Price Targets
Separately, Royal Bank of Canada boosted their target price on shares of Fairfax Financial from $1,425.00 to $1,500.00 and gave the stock an "outperform" rating in a research report on Monday, November 4th.
Check Out Our Latest Stock Analysis on FRFHF
Fairfax Financial Price Performance
The company has a market cap of $31.44 billion, a P/E ratio of 8.40 and a beta of 0.81. The company has a fifty day moving average price of $1,394.46 and a two-hundred day moving average price of $1,280.29. The company has a debt-to-equity ratio of 0.39, a quick ratio of 2.45 and a current ratio of 2.45.
Fairfax Financial (OTCMKTS:FRFHF - Get Free Report) last issued its earnings results on Thursday, October 31st. The financial services provider reported $42.62 earnings per share (EPS) for the quarter, beating the consensus estimate of $34.06 by $8.56. The business had revenue of $8.14 billion during the quarter. Fairfax Financial had a net margin of 13.40% and a return on equity of 15.21%. On average, sell-side analysts anticipate that Fairfax Financial Holdings Limited will post 149.75 earnings per share for the current fiscal year.
Fairfax Financial Announces Dividend
The business also recently declared an annual dividend, which was paid on Thursday, January 23rd. Investors of record on Thursday, January 16th were paid a $15.00 dividend. The ex-dividend date of this dividend was Thursday, January 16th. This represents a yield of 1.09%. Fairfax Financial's dividend payout ratio (DPR) is currently 9.17%.
About Fairfax Financial
(
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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