Fairfax Financial (TSE:FFH) Stock Price Passes Above 50-Day Moving Average - Time to Sell?

Fairfax Financial Holdings Limited (TSE:FFH - Get Free Report) shares passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$2,007.91 and traded as high as C$2,048.29. Fairfax Financial shares last traded at C$2,045.60, with a volume of 41,312 shares traded.

Analysts Set New Price Targets

Several brokerages have issued reports on FFH. CIBC boosted their target price on Fairfax Financial from C$2,400.00 to C$2,500.00 in a research report on Monday. Cormark boosted their target price on Fairfax Financial from C$2,125.00 to C$2,250.00 in a research report on Tuesday, February 18th.

Fairfax Financial Price Performance

The company has a 50-day simple moving average of C$2,007.34 and a 200-day simple moving average of C$1,864.54. The firm has a market cap of C$31.43 billion, a PE ratio of 7.50, a price-to-earnings-growth ratio of 0.27 and a beta of 0.83.

Insider Activity at Fairfax Financial

In related news, insider Andrew Barnard sold 2,305 shares of the business's stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of C$2,056.06, for a total value of C$4,739,220.14. Also, Director Brian Johnston Porter acquired 100 shares of Fairfax Financial stock in a transaction that occurred on Tuesday, February 18th. The stock was acquired at an average cost of C$2,104.88 per share, with a total value of C$210,488.00. Over the last quarter, insiders bought 111 shares of company stock worth $232,454. Company insiders own 3.76% of the company's stock.

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.