Fairfax Financial (TSE:FFH) Hits New 52-Week High - Here's What Happened

Shares of Fairfax Financial Holdings Limited (TSE:FFH - Get Free Report) hit a new 52-week high on Monday . The stock traded as high as C$2,318.68 and last traded at C$2,317.36, with a volume of 2589 shares trading hands. The stock had previously closed at C$2,298.01.

Analyst Ratings Changes

A number of research firms have issued reports on FFH. BMO Capital Markets upped their target price on shares of Fairfax Financial from C$2,400.00 to C$2,500.00 in a report on Monday, May 5th. Raymond James set a C$2,600.00 price objective on shares of Fairfax Financial and gave the company an "outperform" rating in a research report on Friday, April 11th. Cormark raised their target price on shares of Fairfax Financial from C$2,250.00 to C$2,700.00 in a research report on Monday, May 5th. CIBC lifted their target price on shares of Fairfax Financial from C$2,500.00 to C$2,700.00 in a research note on Friday, May 2nd. Finally, National Bankshares boosted their price target on Fairfax Financial from C$2,600.00 to C$2,700.00 and gave the company an "outperform" rating in a report on Wednesday, April 30th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of C$2,446.43.

Fairfax Financial Price Performance

The company's 50-day moving average is C$2,122.34 and its 200-day moving average is C$2,037.15. The firm has a market capitalization of C$37.38 billion, a price-to-earnings ratio of 8.92, a PEG ratio of 0.27 and a beta of 0.83.

Insider Activity

In related news, Director David Lloyd Johnston sold 27 shares of the firm's stock in a transaction that occurred on Thursday, May 22nd. The shares were sold at an average price of C$2,282.06, for a total value of C$61,615.62. Also, insider Andrew Barnard sold 2,305 shares of Fairfax Financial stock in a transaction that occurred on Wednesday, March 5th. The shares were sold at an average price of C$2,056.06, for a total transaction of C$4,739,220.14. Insiders sold 7,919 shares of company stock valued at $16,065,972 in the last ninety days. 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.