Fairfax Financial (TSE:FFH) Shares Pass Above Fifty Day Moving Average – Here’s What Happened

Fairfax Financial Holdings Limited (TSE:FFH) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$2,007.91 and traded as high as C$2,048.29. Fairfax Financial shares last traded at C$2,045.60, with a volume of 41,312 shares traded.

Analysts Set New Price Targets

Several brokerages have commented on FFH. Cormark raised their price target on shares of Fairfax Financial from C$2,125.00 to C$2,250.00 in a research note on Tuesday, February 18th. CIBC raised their target price on Fairfax Financial from C$2,200.00 to C$2,400.00 and gave the company an “outperform” rating in a research report on Thursday, January 30th.

Fairfax Financial Stock Performance

The stock has a market cap of C$32.81 billion, a price-to-earnings ratio of 7.83, a PEG ratio of 0.27 and a beta of 0.83. The company’s 50 day simple moving average is C$2,007.91 and its 200 day simple moving average is C$1,858.57.

Insider Activity at Fairfax Financial

In other news, Director Brian Johnston Porter acquired 100 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was acquired at an average price of C$2,104.88 per share, for a total transaction of C$210,488.00. Insiders have purchased 111 shares of company stock worth $232,454 over the last quarter. 3.76% of the stock is currently owned by company 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.