Fairfax Financial (TSE:FFH) Sets New 52-Week High – Time to Buy?

Shares of Fairfax Financial Holdings Limited (TSE:FFH) hit a new 52-week high on Tuesday . The stock traded as high as C$1,938.88 and last traded at C$1,934.30, with a volume of 7589 shares trading hands. The stock had previously closed at C$1,917.99.

Analyst Upgrades and Downgrades

Several research firms have commented on FFH. BMO Capital Markets lifted their price target on Fairfax Financial from C$1,850.00 to C$2,200.00 in a report on Monday, November 4th. Cormark lifted their price target on Fairfax Financial from C$1,800.00 to C$2,125.00 in a report on Monday, November 4th. National Bankshares lifted their price target on Fairfax Financial from C$2,100.00 to C$2,200.00 and gave the company an “outperform” rating in a report on Wednesday, October 30th. Scotiabank lifted their price target on Fairfax Financial from C$2,100.00 to C$2,200.00 in a report on Monday, November 4th. Finally, Royal Bank of Canada lifted their price target on 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.

Fairfax Financial Stock Up 0.5 %

The company has a debt-to-equity ratio of 40.13, a quick ratio of 0.93 and a current ratio of 3.75. The firm has a market cap of C$45.67 billion, a PE ratio of 8.72, a PEG ratio of 0.27 and a beta of 0.83. The stock has a fifty day moving average price of C$1,746.59 and a 200-day moving average price of C$1,620.01.

Insider Transactions at Fairfax Financial

In other Fairfax Financial news, Director Brian David Young sold 4,280 shares of the company’s stock in a transaction that occurred 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. Also, Senior Officer Peter Clarke sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 25th. The stock was 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 owns 632 shares of the company’s stock, valued at approximately C$1,040,859.76. This represents a 75.99 % decrease in their position. In the last quarter, insiders sold 7,829 shares of company stock worth $12,997,725. 3.76% of the stock is currently owned by company insiders.

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.