Fairfax Financial (TSE:FFH) Stock Price Up 0.8% - Should You Buy?

Fairfax Financial Holdings Limited (TSE:FFH) saw its share price increase by 0.8% during trading on Friday. The stock reached a high of C$2,056.98 before settling at C$2,056.00. A total of approximately 43,857 shares exchanged hands, marking a 40% decrease compared to the average daily volume of 73,181 shares. Previously, the stock closed at C$2,039.99.

Market Analysts' Opinions

Various research analysts have shared their insights on FFH shares. CIBC raised its price target for Fairfax Financial from C$2,200.00 to C$2,400.00, assigning an "outperform" rating in a report dated January 30. BMO Capital Markets also increased its price objective from C$1,850.00 to C$2,200.00 on November 4. Additionally, Scotiabank adjusted its price target for the stock from C$2,100.00 to C$2,200.00 on the same day, while Cormark set a new target of C$2,250.00, up from C$2,125.00, in a report dated February 18.

Fairfax Financial's Stock Performance

The fifty-day moving average for Fairfax Financial shares is C$2,003.29, and the 200-day moving average stands at C$1,839.42. The company has a market capitalization of C$33.36 billion, with a price-to-earnings (P/E) ratio of 7.96 and a P/E growth (P/E/G) ratio of 0.27. The stock has a beta value of 0.83, indicating lower volatility compared to the market.

Insider Activity Insights

In other updates, Director Brian Johnston Porter purchased 100 shares of Fairfax Financial on February 18 at an average cost of C$2,104.88 per share, totaling C$210,488.00. Conversely, Director R. William Mcfarland sold 4,800 shares on December 4 at an average price of C$25.21, amounting to a total of C$121,008.00. In the previous quarter, insiders bought 111 shares valued at $232,454, and insiders currently own 3.76% of the company's stock.

About Fairfax Financial

Fairfax Financial Holdings Limited operates through its subsidiaries, offering property and casualty insurance, reinsurance, and investment management services across various regions including the United States, Canada, Asia, and beyond. The company's operations encompass three segments: Property and Casualty Insurance, Life Insurance and Run-off, and Non-Insurance Companies.

Should You Invest in Fairfax Financial?

Before committing to an investment in Fairfax Financial, investors should take note of various research analysts' recommendations. Despite holding a Buy rating, analysts have identified five other stocks that they believe present better investment opportunities at this time. Potential investors may want to explore these alternatives before making a decision.

Financial, Stocks, Investment