Fairfax Financial Holdings Ltd. (OTCMKTS:FRFHF – Get Free Report) shares crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $1,661.41 and traded as high as $1,675.59. Fairfax Financial shares last traded at $1,673.4650, with a volume of 4,391 shares traded.
Analyst Ratings Changes
FRFHF has been the topic of several recent research reports. Scotiabank reaffirmed an “outperform” rating on shares of Fairfax Financial in a report on Friday, July 24th. Zacks Research downgraded shares of Fairfax Financial from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, June 3rd. Finally, Canadian Imperial Bank of Commerce began coverage on shares of Fairfax Financial in a report on Friday, June 26th. They issued a “neutral” rating on the stock. Three investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Fairfax Financial has an average rating of “Moderate Buy”.
View Our Latest Stock Analysis on Fairfax Financial
Fairfax Financial Trading Down 1.1%
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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