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

Fairfax Financial Holdings Limited (TSE:FFH) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$1,771.00 and last traded at C$1,766.76, with a volume of 10136 shares changing hands. The stock had previously closed at C$1,749.99.

Analysts Set New Price Targets

Several brokerages have weighed in on FFH. Royal Bank of Canada increased their target price on shares of Fairfax Financial from C$1,325.00 to C$1,425.00 and gave the stock an “outperform” rating in a research note on Thursday, October 3rd. Scotiabank increased their price objective on shares of Fairfax Financial from C$1,950.00 to C$2,000.00 in a research report on Wednesday, July 24th.

Fairfax Financial Stock Performance

The company has a market capitalization of C$40.93 billion, a price-to-earnings ratio of 7.79, a P/E/G ratio of 0.27 and a beta of 0.83. 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 50-day simple moving average of C$1,662.66 and a two-hundred day simple moving average of C$1,579.86.

Fairfax Financial (TSE:FFH) 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). The company had revenue of C$10.25 billion for the quarter. Fairfax Financial had a return on equity of 17.91% and a net margin of 12.27%. On average, sell-side analysts anticipate that Fairfax Financial Holdings Limited will post 212.3039807 EPS for the current fiscal year.

Insider Buying and Selling at Fairfax Financial

In other Fairfax Financial news, Senior Officer Peter Clarke sold 2,000 shares of the business’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 transaction of C$3,293,860.00. Following the completion of the transaction, the insider now owns 632 shares in the company, valued at C$1,040,859.76. The trade was a 0.00 % decrease in their position. In other Fairfax Financial news, Senior Officer Peter Clarke sold 2,000 shares of Fairfax Financial stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of C$1,646.93, for a total transaction of C$3,293,860.00. Following the completion of the sale, the insider now directly owns 632 shares of the company’s stock, valued at C$1,040,859.76. The trade was a 0.00 % decrease in their position. Also, Director F. Brian Bradstreet sold 500 shares of the stock in a transaction dated Wednesday, September 11th. The shares were sold at an average price of C$1,629.00, for a total value of C$814,500.00. Insiders have sold 6,953 shares of company stock valued at $11,304,176 in the last quarter. Corporate insiders own 3.76% of the company’s stock.

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.