Fairfax Financial (TSE:FFH) Hits New 52-Week High - Still a Buy?

Fairfax Financial Holdings Limited (TSE:FFH - Get Free Report) shares reached a new 52-week high during trading on Monday . The company traded as high as C$2,445.07 and last traded at C$2,445.40, with a volume of 17806 shares trading hands. The stock had previously closed at C$2,426.21.

Wall Street Analyst Weigh In

A number of research firms recently commented on FFH. Royal Bank Of Canada upgraded shares of Fairfax Financial to a "moderate buy" rating and set a C$2,050.00 price objective for the company in a research report on Wednesday, June 18th. BMO Capital Markets increased their target price on Fairfax Financial from C$2,400.00 to C$2,500.00 in a report on Monday, May 5th. Scotiabank increased their target price on Fairfax Financial from C$2,400.00 to C$2,500.00 and gave the stock a "sector perform" rating in a report on Thursday, April 24th. CIBC increased their target price on Fairfax Financial from C$2,500.00 to C$2,700.00 in a report on Friday, May 2nd. Finally, Cormark increased their target price on Fairfax Financial from C$2,250.00 to C$2,700.00 in a report on Monday, May 5th. One research analyst has rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of C$2,535.71.

Fairfax Financial Trading Up 2.3%

The stock's 50 day moving average price is C$2,242.69 and its 200 day moving average price is C$2,087.34. The company has a market capitalization of C$39.81 billion, a price-to-earnings ratio of 9.50, a P/E/G ratio of 0.27 and a beta of 0.83.

Insider Transactions at Fairfax Financial

In other news, Senior Officer Jean Cloutier sold 216 shares of the stock in a transaction dated Wednesday, June 18th. The shares were sold at an average price of C$2,431.86, for a total transaction of C$525,281.76. Also, Senior Officer Michael Anthony Wallace sold 350 shares of the stock in a transaction dated Tuesday, May 20th. The stock was sold at an average price of C$2,279.88, for a total transaction of C$797,959.51. Following the transaction, the insider now owns 236 shares of the company's stock, valued at approximately C$538,052.69. This represents a 59.73% decrease in their ownership of the stock. In the last three months, insiders acquired 19 shares of company stock worth $45,878 and sold 1,643 shares worth $3,769,449. Company insiders own 3.76% of the company's stock.

Fairfax Financial Company Profile

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.