Categories: All postsAnalysts

Is Fairfax Financial a buy?

National Bank of Canada Capital Markets analyst Jaeme Gloyn reiterated an “Outperform” rating and $3,200 price target on Fairfax Financial (Fairfax Financial Stock Quote, Chart, News, Analysts, Financials TSX:FFH) in a Feb. 4 note, calling the company his top idea in property and casualty insurance.

As reported by the Globe and Mail,  Gloyn said Fairfax is among the least exposed to a softening insurance cycle, supported by what he described as a “huge excess cash and capital position” that provides flexibility for share buybacks and minority interest acquisitions. He said those capital deployment options should continue to drive return on equity higher, adding that Fairfax’s underlying value remains underappreciated by the market.

Separately, Fairfax announced on Jan. 5 that it declared a dividend of US$15.00 per share on its multiple voting and subordinate voting shares, payable Jan. 22 to shareholders of record on Jan. 15. The company said the dividend level reflects current operating results across its insurance and reinsurance operations, as well as the holding company’s cash position, and should not be viewed as indicative of future dividends.

-30-

Tagged with: ffh
Rod Weatherbie

Rod Weatherbie is a journalist based in Prince Edward Island. Since 2004, he has written extensively about the Canadian property and casualty insurance landscape. He was also a founder and contributing editor for a Toronto-based arts website and a PEI-based food magazine. His fiction and poetry have been featured in The Fiddlehead, The Antigonish Review, and Juniper.

Recent Posts

Is Universal Display Corp a buy right now?

In an April 1 report, Roth Capital Markets analyst Scott Searle maintained his “Buy” rating and $180.00 target on Universal… [Read More]

1 day ago

This analyst loves NervGen Pharma

In a March 31 report, Research Capital analyst Andre Uddin maintained his “Speculative Buy” rating and US$5.50 target on NervGen… [Read More]

1 day ago

NTG Clarity Networks is a buy, this analyst says

In a March 31 initiation, Ventum Capital Markets analyst Amr Ezzat launched coverage of NTG Clarity Networks (NTG Clarity Networks… [Read More]

2 days ago

Uber is much more than you think, this investor says

In an appearance on BNN Bloomberg Market Call on March 31, Propellus Wealth Partners portfolio manager and senior wealth advisor… [Read More]

2 days ago

Canadian economy is on firmer footing than expected: RBC

In a March 31 report, RBC economist Abbey Xu said the Canadian economy started 2026 on firmer footing than expected,… [Read More]

2 days ago

Should you sell your zSpace stock?

In a March 31 report, Roth Capital Markets analyst Rohit Kulkarni maintained his “Buy” rating on zSpace (zSpace Stock Quote,… [Read More]

2 days ago