Fairfax Financial (TSE:FFH) Trading Up 0.8% – Still a Buy?

Fairfax Financial Holdings Limited (TSE:FFH) shares were up 0.8% on Friday . The company traded as high as C$2,056.98 and last traded at C$2,056.00. Approximately 43,857 shares were traded during trading, a decline of 40% from the average daily volume of 73,181 shares. The stock had previously closed at C$2,039.99.

Analyst Upgrades and Downgrades

Several research firms have recently commented on FFH. CIBC boosted their price target on shares of Fairfax Financial from C$2,200.00 to C$2,400.00 and gave the company an “outperform” rating in a report on Thursday, January 30th. Scotiabank boosted their price target on shares of Fairfax Financial from C$2,100.00 to C$2,200.00 in a report on Monday, November 4th. BMO Capital Markets boosted their price target on shares of Fairfax Financial from C$1,850.00 to C$2,200.00 in a report on Monday, November 4th. Finally, Cormark boosted their price target on shares of Fairfax Financial from C$2,125.00 to C$2,250.00 in a report on Tuesday, February 18th.

Fairfax Financial Stock Performance

The stock has a market cap of C$33.36 billion, a P/E ratio of 7.96, a price-to-earnings-growth ratio of 0.27 and a beta of 0.83. The firm’s 50 day moving average is C$2,003.29 and its 200 day moving average is C$1,841.27.

Insider Buying and Selling

In other Fairfax Financial news, Director R. William Mcfarland sold 4,800 shares of the business’s stock in a transaction that occurred on 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 bought 100 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were bought at an average cost of C$2,104.88 per share, for a total transaction of C$210,488.00. Insiders bought a total of 111 shares of company stock worth $232,454 in the last 90 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.