Shares of Fairfax Financial Holdings Limited (TSE:FFH – Get Free Report) reached a new 52-week high during trading on Thursday . The stock traded as high as C$1,650.20 and last traded at C$1,650.20, with a volume of 7355 shares traded. The stock had previously closed at C$1,625.00.
Analysts Set New Price Targets
Separately, Scotiabank boosted their price objective on Fairfax Financial from C$1,950.00 to C$2,000.00 in a research note on Wednesday, July 24th. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of C$1,829.17.
Check Out Our Latest Stock Report on FFH
Fairfax Financial Price Performance
Fairfax Financial (TSE:FFH – Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The company reported C$50.87 earnings per share for the quarter, missing analysts’ consensus estimates of C$51.23 by C($0.36). Fairfax Financial had a return on equity of 17.91% and a net margin of 12.27%. The company had revenue of C$10.25 billion for the quarter. Sell-side analysts expect that Fairfax Financial Holdings Limited will post 195.7833935 earnings per share for the current year.
Insider Activity at Fairfax Financial
In related news, Director Brian David Young sold 4,280 shares of the business’s stock in a transaction on Friday, August 30th. The stock was sold at an average price of C$1,617.96, for a total transaction of C$6,924,875.22. In other news, Director David Lloyd Johnston sold 226 shares of the stock in a transaction dated Wednesday, June 12th. The shares were sold at an average price of C$1,549.95, for a total transaction of C$350,288.70. Also, 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. 3.76% of the stock is owned by 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.
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