Fairfax Financial (TSE:FFH) Stock Gains 0.8% - Is It Time to Invest?

Fairfax Financial Holdings Limited (TSE:FFH) saw its shares rise by 0.8% on Friday. The stock reached a high of C$2,056.98 during trading and was last priced at C$2,056.00. In total, around 43,857 shares were exchanged, which is a substantial drop of 40% compared to the average daily trading volume of 73,181 shares. Previously, the stock had closed at C$2,039.99.

Wall Street Analysts Share Their Perspectives

Several analysts have recently provided insights regarding Fairfax Financial's shares. CIBC raised its price target for Fairfax Financial from C$2,200.00 to C$2,400.00 and rated the company as "outperform" in a report on January 30th. Similarly, BMO Capital Markets increased its price target from C$1,850.00 to C$2,200.00 in a report issued on November 4th. Scotiabank also raised its price target from C$2,100.00 to C$2,200.00 on the same day. Additionally, Cormark increased its price target from C$2,125.00 to C$2,250.00 in a report dated February 18th.

Recent Stock Performance

The fifty-day moving average for Fairfax Financial's stock stands at C$2,003.29, while its 200-day moving average is C$1,839.42. The company boasts a market capitalization of C$33.36 billion, a price-to-earnings (P/E) ratio of 7.96, a P/E growth (P/E/G) ratio of 0.27, and a beta of 0.83.

Insider Activity at Fairfax Financial

In recent developments, Director Brian Johnston Porter purchased 100 shares of Fairfax Financial on February 18th at an average cost of C$2,104.88 each, totaling C$210,488.00. On the other hand, Director R. William Mcfarland sold 4,800 shares in a transaction dated December 4th, achieving an average selling price of C$25.21, which amounted to a total of C$121,008.00. In the last quarter, insiders acquired 111 shares valued at C$232,454, resulting in insiders holding about 3.76% of the company’s stock.

Company Overview

Fairfax Financial Holdings Limited specializes in property and casualty insurance, reinsurance, and investment management services across the United States, Canada, Asia, and globally. The company operates through various segments, including Property and Casualty Insurance and Reinsurance, Life Insurance and Run-off, and Non-Insurance Firms.

Should You Consider Investing in Fairfax Financial?

Before making any investment decisions regarding Fairfax Financial, potential investors should be informed. While the stock currently holds a Buy rating from analysts, it is noteworthy that other top-rated analysts have identified five stocks that they recommend more strongly than Fairfax Financial. It may be worthwhile to explore these recommendations before proceeding with an investment decision.

Fairfax, Stocks, Investment