Shares of Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF – Get Free Report) have been given an average rating of “Hold” by the seven research firms that are currently covering the firm, Marketbeat Ratings reports. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company.
Several analysts have issued reports on the company. Canadian Imperial Bank of Commerce started coverage on Fairfax Financial in a research note on Friday, June 26th. They issued a “neutral” rating on the stock. Zacks Research downgraded Fairfax Financial from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, June 3rd.
View Our Latest Analysis on Fairfax Financial
Fairfax Financial Stock Performance
Fairfax Financial (OTCMKTS:FRFHF – Get Free Report) last released its earnings results on Thursday, April 30th. The financial services provider reported $31.11 earnings per share for the quarter, missing analysts’ consensus estimates of $36.17 by ($5.06). Fairfax Financial had a net margin of 14.16% and a return on equity of 15.05%. The company had revenue of $7.82 billion for the quarter, compared to the consensus estimate of $8.62 billion. As a group, equities analysts forecast that Fairfax Financial will post 184.47 earnings per share for the current year.
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.
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