Fairfax Financial (TSE:FFH) Shares Up 0.2% - Here's Why

Fairfax Financial Holdings Limited (TSE:FFH - Get Free Report) shares rose 0.2% on Friday . The company traded as high as C$2,051.71 and last traded at C$2,043.47. Approximately 37,363 shares changed hands during trading, a decline of 49% from the average daily volume of 73,020 shares. The stock had previously closed at C$2,039.99.

Analyst Ratings Changes

A number of brokerages have recently issued reports on FFH. BMO Capital Markets raised their price objective on Fairfax Financial from C$1,850.00 to C$2,200.00 in a research report on Monday, November 4th. CIBC raised their price target on shares of Fairfax Financial from C$2,200.00 to C$2,400.00 and gave the stock an "outperform" rating in a report on Thursday, January 30th. Cormark upped their price objective on shares of Fairfax Financial from C$2,125.00 to C$2,250.00 in a research note on Tuesday, February 18th. Finally, Scotiabank lifted their target price on shares of Fairfax Financial from C$2,100.00 to C$2,200.00 in a research note on Monday, November 4th.

Fairfax Financial Stock Performance

The business has a fifty day simple moving average of C$2,004.55 and a 200-day simple moving average of C$1,845.25. The stock has a market capitalization of C$32.85 billion, a P/E ratio of 7.84, a PEG ratio of 0.27 and a beta of 0.83.

Insiders Place Their Bets

In other Fairfax Financial news, Director Brian Johnston Porter acquired 100 shares of Fairfax Financial stock in a transaction dated Tuesday, February 18th. The stock was purchased at an average cost of C$2,104.88 per share, for a total transaction of C$210,488.00. Also, Director R. William Mcfarland sold 4,800 shares of the business's stock in a transaction that occurred on Wednesday, December 4th. The stock was sold at an average price of C$25.21, for a total value of C$121,008.00. Over the last ninety days, insiders purchased 111 shares of company stock worth $232,454. 3.76% of the stock is currently owned by company insiders.

Remove Ads

Fairfax Financial Company Profile

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.