Michael Anthony Wallace Sells 10 Shares of Fairfax Financial Holdings Limited (TSE:FFH) Stock

Michael Anthony Wallace, a Senior Officer at Fairfax Financial Holdings Limited (TSE:FFH - Get Free Report), recently sold 10 shares of the company’s stock. This transaction took place on Monday, November 4th. The shares were sold at an average price of C$1,854.09, amounting to a total value of C$18,540.90.

After the sale was completed, Wallace holds a total of 227 shares in Fairfax Financial, which are currently valued at approximately C$420,878.43. This transaction reflects a 0.00% decrease in his overall position within the company.

Fairfax Financial Performance

On Friday, Fairfax Financial’s stock price increased by C$6.56 during trading hours, reaching C$1,827.99. The trading volume for the day was 22,802 shares, lower than the average volume of 54,128 shares. Fairfax Financial has a market capitalization of C$42.61 billion, with a price-to-earnings ratio of 8.12. The company’s P/E/G ratio stands at 0.27 while its beta is at 0.83.

The stock has seen a low of C$1,171.70 and a high of C$1,890.36 over the past year. The financial indicators for the company include a current ratio of 3.75, a quick ratio of 0.93, and a debt-to-equity ratio of 40.13. The 50-day simple moving average has been C$1,696.45, and the 200-day simple moving average is C$1,594.71.

Analyst Insights

Recent reports from various equity analysts highlight positive growth prospects for Fairfax Financial. National Bankshares has raised its price target from C$2,100.00 to C$2,200.00, assigning an “outperform” rating in a report dated October 30th. Scotiabank also increased their price target to C$2,200.00. Additionally, BMO Capital Markets lifted their price objective for the stock from C$1,850.00 to C$2,200.00.

Royal Bank of Canada adjusted their target price from C$1,325.00 to C$1,425.00 and maintained an “outperform” rating, which they noted in early October. Cormark has similarly raised their target from C$1,800.00 to C$2,125.00.

Company Overview

Fairfax Financial Holdings Limited, through its subsidiaries, provides essential property and casualty insurance and reinsurance as well as investment management services across the United States, Canada, Asia, and several other international markets. The company operates through various segments, including Property and Casualty Insurance and Reinsurance, Life Insurance, and Run-off, along with Non-Insurance Companies segments.

Conclusion

Investors and analysts are closely monitoring Fairfax Financial's performance and future outlook. Recent insider selling, such as the transaction by Michael Anthony Wallace, serves as a point of interest for market observers.

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