Fairfax Financial (OTCMKTS:FRFHF) Releases Quarterly Earnings Results

Fairfax Financial (OTCMKTS:FRFHF) issued its quarterly earnings results 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 Trading Down 1.9%

Shares of FRFHF traded down $32.83 during trading hours on Thursday, hitting $1,705.00. The stock had a trading volume of 9,160 shares, compared to its average volume of 10,117. Fairfax Financial has a 12-month low of $1,292.53 and a 12-month high of $1,949.00. The firm has a market cap of $37.31 billion, a P/E ratio of 8.25 and a beta of 0.60. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.77 and a current ratio of 2.77. The company’s fifty day simple moving average is $1,781.90 and its 200 day simple moving average is $1,731.42.

Analyst Upgrades and Downgrades

FRFHF has been the subject of several analyst reports. Zacks Research downgraded Fairfax Financial from a “strong-buy” rating to a “hold” rating in a report on Friday, January 30th. National Bank Financial reiterated an “outperform” rating on shares of Fairfax Financial in a research note on Monday, October 27th. Scotiabank reissued an “outperform” rating on shares of Fairfax Financial in a research note on Friday, January 30th. Finally, BMO Capital Markets cut Fairfax Financial from an “outperform” rating to a “hold” rating in a report on Wednesday, January 21st. Three equities research 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.com, Fairfax Financial 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.