Fairfax Financial (TSE:FFH) Trading Up 0.8% - Here's Why

Fairfax Financial Holdings Limited (TSE:FFH - Get Free Report) rose 0.8% during mid-day trading on Friday . The stock traded as high as C$2,056.98 and last traded at C$2,056.00. Approximately 43,857 shares changed hands during mid-day trading, a decline of 40% from the average daily volume of 73,181 shares. The stock had previously closed at C$2,039.99.

Wall Street Analysts Forecast Growth

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

Fairfax Financial Price Performance

The firm has a market cap of C$32.85 billion, a P/E ratio of 7.84, a PEG ratio of 0.27 and a beta of 0.83. The stock's 50 day moving average is C$2,004.55 and its two-hundred day moving average is C$1,845.25.

Insider Activity

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

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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.