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

Shares of Fairfax Financial Holdings Limited (TSE:FFH) hit a new 52-week high during mid-day trading on Monday . The stock traded as high as C$2,009.22 and last traded at C$2,009.22, with a volume of 2990 shares trading hands. The stock had previously closed at C$1,986.30.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. Royal Bank of Canada lifted their price objective on shares of Fairfax Financial from C$1,325.00 to C$1,425.00 and gave the company an “outperform” rating in a report on Thursday, October 3rd. National Bankshares lifted their price objective on shares of Fairfax Financial from C$2,100.00 to C$2,200.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 30th. Cormark lifted their price objective on shares of Fairfax Financial from C$1,800.00 to C$2,125.00 in a research note on Monday, November 4th. Scotiabank boosted their target price on shares of Fairfax Financial from C$2,100.00 to C$2,200.00 in a research report on Monday, November 4th. Finally, BMO Capital Markets boosted their target price on shares of Fairfax Financial from C$1,850.00 to C$2,200.00 in a research report on Monday, November 4th.

Fairfax Financial Stock Up 1.0 %

The firm has a market cap of C$46.78 billion, a PE ratio of 8.84, a PEG ratio of 0.27 and a beta of 0.83. The business’s 50 day moving average price is C$1,792.74 and its 200 day moving average price is C$1,642.34. The company has a debt-to-equity ratio of 40.13, a current ratio of 3.75 and a quick ratio of 0.93.

Insider Buying and Selling

In related news, Senior Officer Peter Clarke sold 2,000 shares of the business’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 transaction of C$3,293,860.00. Following the transaction, the insider now directly owns 632 shares in the company, valued at approximately C$1,040,859.76. The trade was a 75.99 % decrease in their ownership of the stock. Also, Director David Lloyd Johnston sold 13 shares of the business’s stock in a transaction dated Thursday, November 28th. The shares were sold at an average price of C$1,978.89, for a total transaction of C$25,725.57. Over the last three months, insiders have sold 5,062 shares of company stock worth $9,055,076. 3.76% of the stock is owned by insiders.

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.