Michael Anthony Wallace Sells 100 Shares of Fairfax Financial Holdings Limited (TSE:FFH) Stock

Fairfax Financial Holdings Limited (TSE:FFHGet Free Report) Senior Officer Michael Anthony Wallace sold 100 shares of the firm’s stock in a transaction that occurred on Friday, March 31st. The shares were sold at an average price of C$914.76, for a total transaction of C$91,476.00. Following the completion of the sale, the insider now owns 32 shares of the company’s stock, valued at C$29,272.32.

Fairfax Financial Trading Up 0.5 %

TSE:FFH opened at C$1,519.90 on Monday. Fairfax Financial Holdings Limited has a 12 month low of C$863.55 and a 12 month high of C$1,533.73. The firm has a fifty day simple moving average of C$1,375.22 and a 200-day simple moving average of C$1,247.75. The company has a current ratio of 6.07, a quick ratio of 0.93 and a debt-to-equity ratio of 38.98. The company has a market capitalization of C$33.65 billion, a P/E ratio of 6.51, a PEG ratio of 0.27 and a beta of 0.86.

Fairfax Financial (TSE:FFHGet Free Report) last posted its quarterly earnings data on Thursday, February 15th. The company reported C$71.98 EPS for the quarter, missing the consensus estimate of C$81.40 by C($9.42). The company had revenue of C$9.40 billion for the quarter, compared to analyst estimates of C$10.25 billion. Fairfax Financial had a return on equity of 20.09% and a net margin of 13.76%. On average, equities research analysts anticipate that Fairfax Financial Holdings Limited will post 189.2777086 earnings per share for the current year.

Fairfax Financial Increases Dividend

The firm also recently announced an annual dividend, which was paid on Thursday, January 25th. Investors of record on Thursday, January 18th were given a dividend of $19.871 per share. 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. This represents a yield of 1.63%. Fairfax Financial’s payout ratio is currently 8.70%.

Analysts Set New Price Targets

FFH has been the subject of several recent analyst reports. Royal Bank of Canada raised their target price 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 note on Tuesday, February 20th. CIBC raised their target price on shares of Fairfax Financial from C$1,700.00 to C$2,000.00 in a research note on Wednesday, March 13th. BMO Capital Markets raised their target price 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. National Bankshares raised their target price on shares of Fairfax Financial from C$1,800.00 to C$2,000.00 and gave the company an “outperform” rating in a research note on Friday, January 26th. Finally, Scotiabank lifted their price objective on shares of Fairfax Financial from C$1,650.00 to C$1,900.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 31st. Five equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Fairfax Financial currently has a consensus rating of “Buy” and a consensus price target of C$1,725.00.

View Our Latest 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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