Fairfax Financial (OTCMKTS:FRFHF) Posts Quarterly Earnings Results

Fairfax Financial (OTCMKTS:FRFHF) issued its earnings results on Thursday. The financial services provider reported $57.57 earnings per share (EPS) for the quarter, Zacks reports. Fairfax Financial had a net margin of 15.01% and a return on equity of 16.47%.

Fairfax Financial Stock Performance

Fairfax Financial stock traded down $32.83 during midday trading on Thursday, hitting $1,705.00. The stock had a trading volume of 9,160 shares, compared to its average volume of 10,117. Fairfax Financial has a 52-week low of $1,292.53 and a 52-week high of $1,949.00. The company has a market capitalization of $37.31 billion, a PE ratio of 8.25 and a beta of 0.60. The firm’s fifty day moving average is $1,781.90 and its two-hundred day moving average is $1,731.42. The company has a current ratio of 2.77, a quick ratio of 2.77 and a debt-to-equity ratio of 0.46.

Analyst Upgrades and Downgrades

Several research firms have issued reports on FRFHF. National Bank Financial restated an “outperform” rating on shares of Fairfax Financial in a research note on Monday, October 27th. Zacks Research cut shares of Fairfax Financial from a “strong-buy” rating to a “hold” rating in a report on Friday, January 30th. BMO Capital Markets downgraded shares of Fairfax Financial from an “outperform” rating to a “hold” rating in a research report on Wednesday, January 21st. Finally, Scotiabank reiterated an “outperform” rating on shares of Fairfax Financial in a research note on Friday, January 30th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Fairfax Financial currently has a consensus rating of “Moderate Buy”.

Fairfax Financial Company Profile

Fairfax Financial (OTCMKTS:FRFHF) is a Toronto-based financial holding company primarily engaged in property and casualty insurance, reinsurance and investment management. The company underwrites a broad range of commercial and personal insurance products, operates specialty and run-off reinsurance businesses, and manages a diversified investment portfolio largely funded by insurance float. Fairfax conducts its insurance operations through a network of subsidiaries and affiliated companies that provide local underwriting and claims services across multiple markets.

On the insurance side, Fairfax writes a mix of short-tail and long-tail coverages across specialty lines, commercial casualty, property and other niche markets, while its reinsurance activities include treaty and facultative solutions for cedants and intermediaries.