First American Financial Co. (NYSE:FAF – Get Free Report) has been assigned a consensus rating of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $67.25.
A number of analysts recently weighed in on the stock. TheStreet upgraded shares of First American Financial from a “c” rating to a “b” rating in a research note on Wednesday, February 7th. Barclays assumed coverage on shares of First American Financial in a research report on Wednesday, November 15th. They set an “equal weight” rating and a $53.00 price objective for the company. StockNews.com downgraded shares of First American Financial from a “buy” rating to a “hold” rating in a research report on Friday, October 27th. Keefe, Bruyette & Woods cut their price target on shares of First American Financial from $70.00 to $66.00 and set a “market perform” rating for the company in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft began coverage on shares of First American Financial in a report on Wednesday, January 10th. They issued a “buy” rating for the company.
Insider Buying and Selling at First American Financial
Institutional Investors Weigh In On First American Financial
Several hedge funds have recently modified their holdings of FAF. Benjamin F. Edwards & Company Inc. acquired a new stake in shares of First American Financial during the 4th quarter worth about $26,000. GAMMA Investing LLC acquired a new stake in shares of First American Financial in the fourth quarter worth approximately $33,000. Point72 Hong Kong Ltd acquired a new stake in shares of First American Financial in the second quarter worth approximately $36,000. PCA Investment Advisory Services Inc. acquired a new stake in shares of First American Financial in the second quarter worth approximately $41,000. Finally, Headlands Technologies LLC acquired a new stake in shares of First American Financial in the fourth quarter worth approximately $44,000. 85.53% of the stock is owned by institutional investors and hedge funds.
First American Financial Trading Up 2.1 %
Shares of NYSE:FAF opened at $60.23 on Thursday. The company’s 50 day moving average is $61.89 and its two-hundred day moving average is $59.17. First American Financial has a 52 week low of $49.55 and a 52 week high of $65.54. The company has a market cap of $6.21 billion, a PE ratio of 28.96 and a beta of 1.29.
First American Financial (NYSE:FAF – Get Free Report) last issued its earnings results on Thursday, February 8th. The insurance provider reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.06). The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.47 billion. First American Financial had a net margin of 3.61% and a return on equity of 8.28%. The company’s quarterly revenue was down 15.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.35 EPS. As a group, equities research analysts expect that First American Financial will post 5.07 EPS for the current year.
First American Financial Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Friday, March 15th. Shareholders of record on Friday, March 8th will be issued a dividend of $0.53 per share. The ex-dividend date is Thursday, March 7th. This represents a $2.12 annualized dividend and a yield of 3.52%. First American Financial’s dividend payout ratio (DPR) is currently 101.92%.
About First American Financial
First American Financial Corporation, through its subsidiaries, provides financial services. It operates through Title Insurance and Services, and Specialty Insurance segments. The Title Insurance and Services segment issues title insurance policies on residential and commercial property, as well as offers related products and services.
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