Fairfax Financial (OTCMKTS:FRFHF) Share Price Crosses Below Fifty Day Moving Average - Here's Why

Fairfax Financial Holdings Limited (OTCMKTS:FRFHF - Get Free Report)'s stock price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $1,383.59 and traded as low as $1,305.01. Fairfax Financial shares last traded at $1,340.00, with a volume of 5,708 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Royal Bank of Canada increased their price objective on Fairfax Financial from $1,425.00 to $1,500.00 and gave the company an "outperform" rating in a report on Monday, November 4th.

Fairfax Financial Trading Up 3.0 %

The firm has a fifty day moving average of $1,384.30 and a 200-day moving average of $1,261.53. The stock has a market capitalization of $31.99 billion, a price-to-earnings ratio of 8.44 and a beta of 0.81. 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 Announces Dividend

The company also recently announced an annual dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, January 16th will be paid a $15.00 dividend. The ex-dividend date of this dividend is Thursday, January 16th. This represents a dividend yield of 1.09%. Fairfax Financial's dividend payout ratio (DPR) is presently 9.17%.

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.