Fairfax Financial Holdings Limited (TSE:FFH – Get Free Report) reached a new 52-week high on Tuesday . The stock traded as high as C$1,712.38 and last traded at C$1,710.00, with a volume of 17998 shares changing hands. The stock had previously closed at C$1,707.67.
Wall Street Analysts Forecast Growth
Separately, Scotiabank upped their target price on Fairfax Financial from C$1,950.00 to C$2,000.00 in a report on Wednesday, July 24th. Five research analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of C$1,829.17.
Read Our Latest Stock Report on FFH
Fairfax Financial Trading Up 0.5 %
Fairfax Financial (TSE:FFH – Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The company reported C$50.87 earnings per share for the quarter, missing the consensus estimate of C$51.23 by C($0.36). The company had revenue of C$10.25 billion during the quarter. Fairfax Financial had a net margin of 12.27% and a return on equity of 17.91%. As a group, equities research analysts anticipate that Fairfax Financial Holdings Limited will post 208.8998764 EPS for the current year.
Insiders Place Their Bets
In other news, Senior Officer Peter Clarke sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The shares were sold at an average price of C$1,646.93, for a total value of C$3,293,860.00. Following the transaction, the insider now owns 632 shares in the company, valued at approximately C$1,040,859.76. In other news, Senior Officer Peter Clarke sold 2,000 shares of the business’s stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of C$1,646.93, for a total value of C$3,293,860.00. Following the transaction, the insider now directly owns 632 shares of the company’s stock, valued at approximately C$1,040,859.76. Also, Senior Officer Olivier Elie Quesnel sold 173 shares of the company’s stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of C$1,566.13, for a total value of C$270,940.49. Following the sale, the insider now owns 202 shares in the company, valued at approximately C$316,358.26. In the last 90 days, insiders sold 6,953 shares of company stock worth $11,304,176. 3.75% of the stock is currently owned by 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.
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