Fairfax Financial (TSE:FFH) Sets New 12-Month High – Still a Buy?

Fairfax Financial Holdings Limited (TSE:FFH)’s stock price 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

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

Fairfax Financial Stock Up 0.5 %

The firm has a market cap of C$45.67 billion, a price-to-earnings ratio of 8.72, a P/E/G ratio of 0.27 and a beta of 0.83. The company has a current ratio of 3.75, a quick ratio of 0.93 and a debt-to-equity ratio of 40.13. The firm has a 50 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 related news, Director F. Brian Bradstreet sold 1,000 shares of the business’s stock in a transaction dated Tuesday, November 12th. The shares were sold at an average price of C$1,875.00, for a total value of C$1,875,000.00. Also, Director Brian David Young sold 4,280 shares of the business’s stock in a transaction dated Friday, August 30th. The shares were sold at an average price of C$1,617.96, for a total transaction of C$6,924,875.22. Insiders sold 7,829 shares of company stock valued at $12,997,725 in the last 90 days. 3.76% of the stock is currently owned by 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.