Fairfax Financial (TSE:FFH – Get Free Report) had its price objective raised by equities research analysts at Royal Bank of Canada from C$1,325.00 to C$1,425.00 in a research report issued on Thursday, Marketbeat.com reports. The brokerage presently has an “outperform” rating on the stock.
Separately, Scotiabank upped their price objective on Fairfax Financial from C$1,950.00 to C$2,000.00 in a research note on Wednesday, July 24th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus target price of C$1,854.17.
View Our Latest Stock Report on FFH
Fairfax Financial Stock Performance
Fairfax Financial (TSE:FFH – Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The company reported C$50.87 EPS for the quarter, missing the consensus estimate of C$51.23 by C($0.36). Fairfax Financial had a net margin of 12.27% and a return on equity of 17.91%. The firm had revenue of C$10.25 billion during the quarter. On average, equities analysts forecast that Fairfax Financial will post 210.3600973 earnings per share for the current year.
Insiders Place Their Bets
In other Fairfax Financial news, Senior Officer Peter Clarke sold 2,000 shares of the stock in a transaction on Wednesday, September 25th. The stock was 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 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 other Fairfax Financial news, Senior Officer Peter Clarke sold 2,000 shares of the stock in a transaction on Wednesday, September 25th. The stock was 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 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. Also, Director Brian David Young sold 4,280 shares of the stock in a transaction on Friday, August 30th. The stock was sold at an average price of C$1,617.96, for a total value of C$6,924,875.22. Insiders have sold a total of 6,953 shares of company stock worth $11,304,176 over the last 90 days. Corporate insiders own 3.75% 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.
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