Peter Clarke Sells 2,000 Shares of Fairfax Financial Holdings Limited (TSE:FFH) Stock

Fairfax Financial Holdings Limited (TSE:FFH) 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 value of C$3,293,860.00. Following the completion of the transaction, the insider now directly owns 632 shares of the company’s stock, valued at C$1,040,859.76.

Fairfax Financial Price Performance

FFH traded up C$10.82 during midday trading on Friday, reaching C$1,739.98. 740 shares of the company’s stock were exchanged, compared to its average volume of 56,507. The business’s 50-day moving average price is C$1,607.04 and its 200 day moving average price is C$1,557.41. The stock has a market capitalization of C$40.56 billion, a PE ratio of 7.84, a P/E/G ratio of 0.27 and a beta of 0.83. Fairfax Financial Holdings Limited has a 1-year low of C$1,070.00 and a 1-year high of C$1,742.73. The company has a debt-to-equity ratio of 40.13, a current ratio of 3.75 and a quick ratio of 0.93.

Fairfax Financial (TSE:FFH) last released its earnings results on Thursday, August 1st. The company reported C$50.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$51.23 by C($0.36). The firm had revenue of C$10.25 billion during the quarter. Fairfax Financial had a net margin of 12.27% and a return on equity of 17.91%. As a group, equities analysts anticipate that Fairfax Financial Holdings Limited will post 210.3600973 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on FFH. Royal Bank of Canada lifted their target price 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. Scotiabank increased their target price on shares of 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, According to data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of C$1,854.17.

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.