Fairfax Financial (OTCMKTS:FRFHF) Announces Quarterly Earnings Results

Fairfax Financial (OTCMKTS:FRFHF) announced its quarterly earnings data on Thursday. The financial services provider reported $57.57 EPS for the quarter, Zacks reports. Fairfax Financial had a net margin of 15.01% and a return on equity of 16.47%.

Fairfax Financial Price Performance

Shares of Fairfax Financial stock traded down $32.83 during trading on Thursday, hitting $1,705.00. 9,160 shares of the company were exchanged, compared to its average volume of 10,117. Fairfax Financial has a fifty-two week low of $1,292.53 and a fifty-two week high of $1,949.00. The company has a quick ratio of 2.77, a current ratio of 2.77 and a debt-to-equity ratio of 0.46. The firm has a 50 day moving average price of $1,781.90 and a 200 day moving average price of $1,731.42. The stock has a market capitalization of $37.31 billion, a price-to-earnings ratio of 8.25 and a beta of 0.60.

Analysts Set New Price Targets

Several analysts have recently commented on FRFHF shares. Scotiabank reissued an “outperform” rating on shares of Fairfax Financial in a report on Friday, January 30th. Zacks Research downgraded shares of Fairfax Financial from a “strong-buy” rating to a “hold” rating in a report on Friday, January 30th. BMO Capital Markets downgraded shares of Fairfax Financial from an “outperform” rating to a “hold” rating in a report on Wednesday, January 21st. Finally, National Bank Financial reaffirmed an “outperform” rating on shares of Fairfax Financial in a report on Monday, October 27th. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy”.

About Fairfax Financial

Fairfax Financial (OTCMKTS:FRFHF) is a Toronto-based financial holding company primarily engaged in property and casualty insurance, reinsurance and investment management. The company underwrites a broad range of commercial and personal insurance products, operates specialty and run-off reinsurance businesses, and manages a diversified investment portfolio largely funded by insurance float. Fairfax conducts its insurance operations through a network of subsidiaries and affiliated companies that provide local underwriting and claims services across multiple markets.

On the insurance side, Fairfax writes a mix of short-tail and long-tail coverages across specialty lines, commercial casualty, property and other niche markets, while its reinsurance activities include treaty and facultative solutions for cedants and intermediaries.