Fairfax Financial (TSE:FFH) Trading Up 0.5% – Here’s What Happened

Fairfax Financial Holdings Limited (TSE:FFH)’s stock price was up 0.5% on Friday . The stock traded as high as C$2,051.71 and last traded at C$2,050.42. Approximately 4,706 shares changed hands during trading, a decline of 93% from the average daily volume of 72,199 shares. The stock had previously closed at C$2,039.99.

Wall Street Analysts Forecast Growth

FFH has been the topic of a number of research reports. BMO Capital Markets upped 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. Cormark increased their price objective on shares of Fairfax Financial from C$2,125.00 to C$2,250.00 in a report on Tuesday, February 18th. Scotiabank lifted their target price on shares of Fairfax Financial from C$2,100.00 to C$2,200.00 in a report on Monday, November 4th. Finally, CIBC increased their price target on Fairfax Financial from C$2,200.00 to C$2,400.00 and gave the company an “outperform” rating in a research note on Thursday, January 30th.

Fairfax Financial Stock Up 2.0 %

The company’s fifty day simple moving average is C$2,003.29 and its two-hundred day simple moving average is C$1,841.27. The company has a market capitalization of C$33.36 billion, a price-to-earnings ratio of 7.96, a price-to-earnings-growth ratio of 0.27 and a beta of 0.83.

Insider Buying and Selling

In other news, Director R. William Mcfarland sold 4,800 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The shares were sold at an average price of C$25.21, for a total value of C$121,008.00. Also, Director Brian Johnston Porter acquired 100 shares of the stock in a transaction dated Tuesday, February 18th. The shares were bought at an average cost of C$2,104.88 per share, with a total value of C$210,488.00. In the last quarter, insiders have acquired 111 shares of company stock valued at $232,454. 3.76% of the stock is owned by company 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.