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Fairfax Financial (FFH-T)
TSE:FFH
1,108.77
24.74
(2.18%) 1d
Financials
Technical Analysis
Buy, Sell or Hold?
$1118.640
Owned
Great insurance company, lots of assets. Depends a lot on market rates. Can't bet against management. Buy and hold for a long time.
One of the top investment companies in Canada.
Good for a long term investment.
Current valuation very high.
Wait to buy when price is lower.
Stock's had a nice run. Very well run, respected CEO. Hard to buy when the chart's gone up so quickly. Good long-term hold. See her Top Picks.
He entered this in the $400s and it's now around $1,000. They increased their insurance premiums by 16% in the past year, and they manage their float well (reinvesting those customer premiums into short-term bonds). So, they're not exposed to interest rate fluctuations.
(Analysts’ price target is $1253.75)Never been a huge fan of it, because he always wondered about their growth profile, but Prem has been a mini-Buffett and has done pretty well. He has a good, long-term track record and the valuation is not outrageous. It will continue to be a fine growth stock.
Their investment portfolio is rooted in their float from insurance operations, and the float is levered to interest rates. Totals $30 billion. Every 1% rise in rates means $280 million in annual income means $12 per share.
FFH in the past focused on growing book value per share and paying minimal dividends.
The company compounded book value per share at around 15% on average, used to be considered as a “Canadian version” of BRK.B.
However, in the last ten years, performance has not been impressive, book value compounded around 8%, while most earnings are paid out as dividends.
We think FFH will still do okay going forward, but it is quite hard to repeat the track record of its past.
FFH also used to take large 'bets' on the market (both ways), and has seemed to have reduced this activity.
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Fairfax Financial(FFH-T) Rating
Ranking : 4 out of 5
Bullish - Buy Signals / Votes : 5
Neutral - Hold Signals / Votes : 2
Bearish - Sell Signals / Votes : 0
Total Signals / Votes : 7
Fairfax Financial(FFH-T) Frequently Asked Questions
What is Fairfax Financial stock symbol?
Fairfax Financial is a Canadian stock, trading under the symbol FFH-T on the Toronto Stock Exchange (FFH-CT). It is usually referred to as TSX:FFH or FFH-T
Is Fairfax Financial a buy or a sell?
In the last year, 7 stock analysts published opinions about FFH-T. 5 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Fairfax Financial.
Is Fairfax Financial a good investment or a top pick?
Fairfax Financial was recommended as a Top Pick by on . Read the latest stock experts ratings for Fairfax Financial.
Why is Fairfax Financial stock dropping?
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
Is Fairfax Financial worth watching?
7 stock analysts on Stockchase covered Fairfax Financial In the last year. It is a trending stock that is worth watching.
What is Fairfax Financial stock price?
On 2023-09-29, Fairfax Financial (FFH-T) stock closed at a price of $1108.77.
P&C insurance is doing very well, though this year is tougher than most because of catastrophic losses. So they raise their prices. One of the lower combined ratios in the space. Benefits from higher interest rates. Outlook is for double-digit returns over the next several years.