Fairfax Financial (TSE:FFH) Reaches New 52-Week High - What's Next?

Fairfax Financial Holdings Limited (TSE:FFH - Get Free Report) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$1,771.00 and last traded at C$1,766.76, with a volume of 10136 shares. The stock had previously closed at C$1,749.99.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on FFH. Royal Bank of Canada increased their price target on shares of Fairfax Financial from C$1,325.00 to C$1,425.00 and gave the stock an "outperform" rating in a report on Thursday, October 3rd. Scotiabank increased their price target on shares of Fairfax Financial from C$1,950.00 to C$2,000.00 in a report on Wednesday, July 24th.

Fairfax Financial Stock Up 1.1 %

The company has a debt-to-equity ratio of 40.13, a current ratio of 3.75 and a quick ratio of 0.93. The firm's 50-day simple moving average is C$1,662.66 and its two-hundred day simple moving average is C$1,579.86. The company has a market capitalization of C$41.24 billion, a price-to-earnings ratio of 7.88, a price-to-earnings-growth ratio of 0.27 and a beta of 0.83.

Fairfax Financial (TSE:FFH - Get Free Report) last issued its earnings results on Thursday, August 1st. The company reported C$50.87 earnings per share for the quarter, missing the consensus estimate of C$51.23 by C($0.36). The company had revenue of C$10.25 billion for the quarter. Fairfax Financial had a return on equity of 17.91% and a net margin of 12.27%. Sell-side analysts predict that Fairfax Financial Holdings Limited will post 212.3039807 EPS for the current fiscal year.

Insider Activity

In other news, Senior Officer Peter Clarke sold 2,000 shares of the stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of C$1,646.93, for a total value of C$3,293,860.00. Following the sale, the insider now directly owns 632 shares in the company, valued at C$1,040,859.76. This represents a 0.00 % decrease in their ownership of the stock. In related news, Director Brian David Young sold 4,280 shares of the company's stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of C$1,617.96, for a total transaction of C$6,924,875.22. Also, Senior Officer Peter Clarke sold 2,000 shares of the company's stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of C$1,646.93, for a total transaction of C$3,293,860.00. Following the transaction, the insider now directly owns 632 shares in the company, valued at C$1,040,859.76. The trade was a 0.00 % decrease in their position. Insiders have sold 6,953 shares of company stock worth $11,304,176 over the last ninety days. 3.76% of the stock is currently owned by insiders.

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.