Insider Buying: Fairfax Financial Holdings Limited (TSE:FFH) Director Acquires C$14,938.50 in Stock

Fairfax Financial Holdings Limited (TSE:FFHGet Free Report) Director David Lloyd Johnston acquired 10 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were bought at an average cost of C$1,493.85 per share, for a total transaction of C$14,938.50.

Fairfax Financial Stock Performance

Shares of FFH opened at C$1,460.10 on Friday. The stock has a market capitalization of C$32.33 billion, a PE ratio of 6.19, a PEG ratio of 0.27 and a beta of 0.86. Fairfax Financial Holdings Limited has a 1 year low of C$870.31 and a 1 year high of C$1,563.49. The stock has a 50-day simple moving average of C$1,418.26 and a 200-day simple moving average of C$1,270.07. The company has a debt-to-equity ratio of 38.98, a quick ratio of 0.93 and a current ratio of 6.07.

Fairfax Financial (TSE:FFHGet Free Report) last issued its quarterly earnings results on Thursday, February 15th. The company reported C$71.98 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$81.40 by C($9.42). Fairfax Financial had a return on equity of 20.09% and a net margin of 13.76%. The business had revenue of C$9.40 billion during the quarter, compared to analyst estimates of C$10.25 billion. On average, analysts predict that Fairfax Financial Holdings Limited will post 189.6163683 earnings per share for the current fiscal year.

Fairfax Financial Increases Dividend

The business also recently declared an annual dividend, which was paid on Thursday, January 25th. Stockholders of record on Thursday, January 18th were paid a dividend of $19.871 per share. This represents a dividend yield of 1.63%. The ex-dividend date of this dividend was Wednesday, January 17th. This is an increase from Fairfax Financial’s previous annual dividend of $13.42. Fairfax Financial’s dividend payout ratio is 8.61%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on FFH shares. National Bankshares boosted their target price on Fairfax Financial from C$1,800.00 to C$2,000.00 and gave the company an “outperform” rating in a report on Friday, January 26th. BMO Capital Markets raised their price objective on shares of Fairfax Financial from C$1,550.00 to C$1,650.00 and gave the company an “outperform” rating in a research note on Tuesday, February 20th. CIBC upped their price target on shares of Fairfax Financial from C$1,700.00 to C$2,000.00 in a research note on Wednesday, March 13th. Scotiabank upped their price target on shares of Fairfax Financial from C$1,650.00 to C$1,900.00 and gave the company an “outperform” rating in a research report on Wednesday, January 31st. Finally, Royal Bank of Canada raised their price target on shares of Fairfax Financial from C$1,085.00 to C$1,200.00 and gave the company an “outperform” rating in a research report on Tuesday, February 20th. Five investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of C$1,725.00.

Check Out Our Latest Research Report on FFH

Fairfax Financial Company Profile

(Get Free Report)

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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Insider Buying and Selling by Quarter for Fairfax Financial (TSE:FFH)

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