Fairfax Financial (TSE:FFH) Reaches New 1-Year High – Still a Buy?

Fairfax Financial Holdings Limited (TSE:FFH) shares hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as C$2,125.31 and last traded at C$2,125.31, with a volume of 15472 shares traded. The stock had previously closed at C$2,079.84.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Cormark upped their price target on shares of Fairfax Financial from C$2,125.00 to C$2,250.00 in a research report on Tuesday, February 18th. CIBC upped their target price on Fairfax Financial from C$2,400.00 to C$2,500.00 in a report on Monday, March 10th.

Fairfax Financial Price Performance

The firm has a market capitalization of C$34.12 billion, a P/E ratio of 8.15, a P/E/G ratio of 0.27 and a beta of 0.83. The stock has a fifty day simple moving average of C$2,015.79 and a two-hundred day simple moving average of C$1,909.03.

Insider Buying and Selling

In other news, Director Brian Johnston Porter bought 100 shares of the stock in a transaction dated Tuesday, February 18th. The stock was bought at an average price of C$2,104.88 per share, for a total transaction of C$210,488.00. Also, Director Brian David Young sold 3,337 shares of the company’s stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of C$1,934.05, for a total transaction of C$6,453,923.52. Insiders have sold a total of 6,642 shares of company stock valued at $13,178,144 over the last ninety days. 3.76% of the stock is owned by corporate 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.