Fairfax Financial (OTCMKTS:FRFHF) Sets New 1-Year High – Here’s What Happened

Fairfax Financial Holdings Limited (OTCMKTS:FRFHF) shares hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $1,497.00 and last traded at $1,494.84, with a volume of 4043 shares. The stock had previously closed at $1,447.25.

Wall Street Analysts Forecast Growth

Separately, National Bankshares reiterated an “outperform” rating on shares of Fairfax Financial in a research report on Monday, February 3rd.

Fairfax Financial Stock Performance

The business’s fifty day moving average price is $1,406.60 and its two-hundred day moving average price is $1,358.91. The company has a debt-to-equity ratio of 0.43, a quick ratio of 2.45 and a current ratio of 3.65. The stock has a market capitalization of $34.07 billion, a P/E ratio of 9.28 and a beta of 0.80.

Fairfax Financial (OTCMKTS:FRFHF) last issued its quarterly earnings data on Thursday, February 20th. The financial services provider reported $50.42 earnings per share for the quarter, topping the consensus estimate of $43.72 by $6.70. The company had revenue of $7.74 billion for the quarter, compared to analysts’ expectations of $7.51 billion. Fairfax Financial had a return on equity of 14.43% and a net margin of 12.47%. As a group, sell-side analysts forecast that Fairfax Financial Holdings Limited will post 166.85 earnings per share for the current year.

Fairfax Financial Announces Dividend

The business also recently declared an annual dividend, which was paid on Thursday, January 23rd. Investors of record on Thursday, January 16th were issued a dividend of $15.00 per share. The ex-dividend date of this dividend was Thursday, January 16th. This represents a yield of 1.09%. Fairfax Financial’s payout ratio is presently 9.31%.

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.