Fairfax Financial (TSE:FFH) Shares Up 0.5% – Here’s Why

Fairfax Financial Holdings Limited (TSE:FFH) shares traded up 0.5% during trading on Friday . The stock traded as high as C$2,051.71 and last traded at C$2,050.42. Approximately 4,706 shares traded hands during mid-day trading, a decline of 93% from the average daily volume of 72,199 shares. The stock had previously closed at C$2,039.99.

Wall Street Analyst Weigh In

FFH has been the subject of several research analyst reports. CIBC upped their target price on Fairfax Financial from C$2,200.00 to C$2,400.00 and gave the stock an “outperform” rating in a research note on Thursday, January 30th. BMO Capital Markets upped their price objective on shares of Fairfax Financial from C$1,850.00 to C$2,200.00 in a research report on Monday, November 4th. Cormark lifted their target price on shares of Fairfax Financial from C$2,125.00 to C$2,250.00 in a research report on Tuesday, February 18th. Finally, Scotiabank upped their price target on shares of Fairfax Financial from C$2,100.00 to C$2,200.00 in a research report on Monday, November 4th.

Fairfax Financial Stock Performance

The company has a market cap of C$33.36 billion, a price-to-earnings ratio of 7.96, a PEG ratio of 0.27 and a beta of 0.83. The firm’s 50 day simple moving average is C$2,001.65 and its 200-day simple moving average is C$1,836.30.

Insider Activity at Fairfax Financial

In other news, Director R. William Mcfarland sold 4,800 shares of the business’s stock in a transaction dated Wednesday, December 4th. The shares were sold at an average price of C$25.21, for a total transaction of C$121,008.00. Also, Director Brian Johnston Porter acquired 100 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased at an average cost of C$2,104.88 per share, with a total value of C$210,488.00. In the last quarter, insiders acquired 111 shares of company stock valued at $232,454. Corporate insiders own 3.76% of the company’s stock.

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.