Fairfax Financial (TSE:FFH) Hits New 1-Year High – Still a Buy?

Shares of Fairfax Financial Holdings Limited (TSE:FFH) hit a new 52-week high on Monday . The company traded as high as C$1,890.36 and last traded at C$1,890.36, with a volume of 1890 shares changing hands. The stock had previously closed at C$1,888.04.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Scotiabank upped their target price on Fairfax Financial from C$1,950.00 to C$2,000.00 in a research report on Wednesday, July 24th. Royal Bank of Canada increased their target price on 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. Finally, National Bankshares boosted their price objective on shares of Fairfax Financial from C$2,100.00 to C$2,200.00 and gave the company an “outperform” rating in a research report on Wednesday, October 30th.

Fairfax Financial Stock Down 1.8 %

The stock has a market cap of C$43.22 billion, a P/E ratio of 8.41, a PEG ratio of 0.27 and a beta of 0.83. The company has a quick ratio of 0.93, a current ratio of 3.75 and a debt-to-equity ratio of 40.13. The business has a 50-day simple moving average of C$1,681.82 and a 200-day simple moving average of C$1,587.94.

Fairfax Financial (TSE:FFH) last posted 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). Fairfax Financial had a return on equity of 17.91% and a net margin of 12.27%. The firm had revenue of C$10.25 billion during the quarter. Analysts expect that Fairfax Financial Holdings Limited will post 212.3039807 EPS for the current year.

Insiders Place Their Bets

In other Fairfax Financial news, Senior Officer Peter Clarke sold 2,000 shares of the company’s stock in a transaction 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 sale, the insider now directly owns 632 shares of the company’s stock, valued at approximately C$1,040,859.76. This represents a 0.00 % decrease in their ownership of the stock. In related news, Director F. Brian Bradstreet sold 500 shares of the business’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of C$1,629.00, for a total value of C$814,500.00. Also, Senior Officer Peter Clarke sold 2,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now owns 632 shares in the company, valued at C$1,040,859.76. This trade represents a 0.00 % decrease in their position. In the last 90 days, insiders sold 6,953 shares of company stock worth $11,304,176. Corporate 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.