Fairfax Financial Holdings Ltd (TSE:FFH) had its price objective lifted by stock analysts at CIBC from C$550.00 to C$600.00 in a research report issued to clients and investors on Monday, AnalystRatings.NET reports. CIBC’s price target points to a potential downside of 15.61% from the stock’s previous close.

Shares of Fairfax Financial Holdings (TSE:FFH) opened at 710.97 on Monday. Fairfax Financial Holdings has a one year low of $563.34 and a one year high of $739.00. The stock has a 50 day moving average price of $669.43 and a 200-day moving average price of $637.76.

The company also recently announced an annual dividend, which will be paid on Wednesday, January 27th. Shareholders of record on Wednesday, January 27th will be paid a $10.00 dividend. The ex-dividend date is Monday, January 18th. This represents a yield of 1.45%.

Separately, Cormark upgraded Fairfax Financial Holdings from a “market perform” rating to a “buy” rating in a research note on Wednesday, October 14th.

In other Fairfax Financial Holdings news, insider Bradley Martin sold 6,820 shares of the business’s stock in a transaction dated Tuesday, November 17th. The stock was sold at an average price of C$651.32, for a total value of C$4,441,981.94.

Fairfax Financial Holdings Limited is a holding company. The Company, through its subsidiaries, is engaged in property and casualty insurance, and reinsurance and investment management. The Company’s insurance and reinsurance companies operate on a decentralized basis. The Company’s subsidiaries provide a range of property and casualty products, maintaining a diversified portfolio of risks across all classes of business, geographic regions, and types of insureds. The Company’s investments are managed by Hamblin Watsa Investment Counsel Ltd. (TSE:FFH). The Company’s principal subsidiaries include Northbridge Financial Corporation, Federated Insurance Company of Canada Limited, Crum & Forster Holdings Corp, Seneca Insurance Company, Inc., Zenith National Insurance Corp., Odyssey Re Holdings Corp., First Capital Insurance Limited, Falcon Insurance Company (Hong Kong) Ltd. and The Pacific Insurance Berhad, among others.

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