Fairfax Financial (TSE:FFH) Trading Up 0.1% – Here’s What Happened

Fairfax Financial Holdings Limited (TSE:FFH)’s stock price traded up 0.1% during mid-day trading on Friday . The company traded as high as C$2,051.71 and last traded at C$2,041.57. 7,009 shares changed hands during trading, a decline of 90% from the average session volume of 72,199 shares. The stock had previously closed at C$2,039.99.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Cormark raised their price objective on Fairfax Financial from C$2,125.00 to C$2,250.00 in a research report on Tuesday, February 18th. Scotiabank raised their price objective on Fairfax Financial from C$2,100.00 to C$2,200.00 in a research report on Monday, November 4th. CIBC raised their price objective on Fairfax Financial from C$2,200.00 to C$2,400.00 and gave the stock an “outperform” rating in a research report on Thursday, January 30th. Finally, BMO Capital Markets lifted their target price on Fairfax Financial from C$1,850.00 to C$2,200.00 in a research report on Monday, November 4th.

Fairfax Financial Stock Performance

The company has a market capitalization of C$33.36 billion, a price-to-earnings ratio of 7.96, a P/E/G ratio of 0.27 and a beta of 0.83. The firm has a 50-day simple moving average of C$2,003.29 and a two-hundred day simple moving average of C$1,841.27.

Insider Buying and Selling at Fairfax Financial

In other news, Director R. William Mcfarland sold 4,800 shares of Fairfax Financial stock in a transaction dated Wednesday, December 4th. The stock was sold at an average price of C$25.21, for a total value of C$121,008.00. Also, Director Brian Johnston Porter acquired 100 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The stock was bought at an average price of C$2,104.88 per share, with a total value of C$210,488.00. Insiders bought a total of 111 shares of company stock valued at $232,454 in the last three months. 3.76% of the stock is owned by corporate insiders.

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.