Fairfax Financial (TSE:FFH) Trading Down 1.8% - Time to Sell?

Key Points

• Fairfax Financial's stock declined by 1.8%, trading at C$2,383.00, with a volume 14% lower than the average.
• Equities analysts have raised their price targets significantly, with a consensus target price of C$2,742.86 and ratings indicating a "Moderate Buy" sentiment.
• Insider trading activity included the sale of 1,297 shares over the past three months, totaling approximately C$3.18 million, indicating notable insider selling despite slight purchases.

Fairfax Financial Holdings Limited (TSE:FFH - Get Free Report) was down 1.8% on Monday . The stock traded as low as C$2,371.18 and last traded at C$2,383.00. Approximately 46,762 shares were traded during mid-day trading, a decline of 14% from the average daily volume of 54,423 shares. The stock had previously closed at C$2,427.89.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on FFH shares. Raymond James Financial raised their price objective on Fairfax Financial from C$2,600.00 to C$2,900.00 and gave the stock an "outperform" rating in a research note on Monday, July 7th. BMO Capital Markets raised their price objective on Fairfax Financial from C$2,500.00 to C$2,800.00 in a research note on Friday, July 11th. Royal Bank Of Canada raised their price objective on Fairfax Financial from C$2,050.00 to C$2,200.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 5th. CIBC raised their price objective on Fairfax Financial from C$2,500.00 to C$2,700.00 in a research note on Friday, May 2nd. Finally, Scotiabank raised their price objective on Fairfax Financial from C$2,500.00 to C$2,900.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 23rd. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Fairfax Financial has an average rating of "Moderate Buy" and a consensus target price of C$2,742.86.

Fairfax Financial Stock Down 1.8%

The firm has a market capitalization of C$38.22 billion, a PE ratio of 9.12, a PEG ratio of 0.27 and a beta of 0.83. The stock has a 50-day moving average price of C$2,426.77 and a 200 day moving average price of C$2,224.38.

Insider Activity

In other news, Senior Officer Jean Cloutier sold 216 shares of the business's stock in a transaction that occurred on Wednesday, June 18th. The stock was sold at an average price of C$2,431.86, for a total value of C$525,281.76. Also, Director F. Brian Bradstreet sold 700 shares of the business's stock in a transaction that occurred on Wednesday, June 25th. The shares were sold at an average price of C$2,503.00, for a total value of C$1,752,100.00. Over the last three months, insiders acquired 19 shares of company stock worth $45,878 and sold 1,297 shares worth $3,179,519. Company insiders own 3.76% of the company's stock.

About Fairfax Financial

Fairfax Financial is a holding company which, through its subsidiaries, is engaged in property and casualty insurance and reinsurance and the associated investment management.

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