First American Financial (NYSE:FAF) Given New $77.00 Price Target at Keefe, Bruyette & Woods

First American Financial (NYSE:FAF) had its target price upped by investment analysts at Keefe, Bruyette & Woods from $75.00 to $77.00 in a report issued on Monday,Benzinga reports. The firm currently has an “outperform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 26.77% from the company’s current price.

A number of other research analysts have also recently issued reports on FAF. StockNews.com raised First American Financial from a “hold” rating to a “buy” rating in a research note on Thursday. Barclays upped their price objective on shares of First American Financial from $69.00 to $72.00 and gave the company an “equal weight” rating in a report on Friday. Finally, Stephens lifted their price target on First American Financial from $73.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, First American Financial currently has a consensus rating of “Moderate Buy” and an average price target of $75.00.

First American Financial Trading Down 0.3 %

FAF traded down $0.20 on Monday, reaching $60.74. The company had a trading volume of 159,464 shares, compared to its average volume of 658,094. The company has a fifty day moving average of $62.89 and a 200-day moving average of $63.72. First American Financial has a one year low of $51.85 and a one year high of $70.92. The company has a market capitalization of $6.26 billion, a P/E ratio of 48.59 and a beta of 1.23.

First American Financial (NYSE:FAF) last announced its quarterly earnings results on Wednesday, April 23rd. The insurance provider reported $0.84 EPS for the quarter, beating the consensus estimate of $0.65 by $0.19. The business had revenue of $1.58 billion during the quarter, compared to analysts’ expectations of $1.53 billion. First American Financial had a return on equity of 9.35% and a net margin of 2.14%. Research analysts predict that First American Financial will post 5.35 EPS for the current year.

Insider Activity

In other news, SVP Lisa W. Cornehl sold 3,057 shares of First American Financial stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $65.49, for a total value of $200,202.93. Following the completion of the transaction, the senior vice president now owns 23,825 shares of the company’s stock, valued at $1,560,299.25. The trade was a 11.37 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Dennis J. Gilmore sold 111,971 shares of the stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $63.60, for a total transaction of $7,121,355.60. Following the sale, the director now owns 494,574 shares in the company, valued at approximately $31,454,906.40. The trade was a 18.46 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 127,707 shares of company stock valued at $8,136,565 in the last 90 days. Insiders own 3.70% of the company’s stock.

Institutional Trading of First American Financial

Several large investors have recently modified their holdings of FAF. Alpine Bank Wealth Management bought a new position in shares of First American Financial in the first quarter worth about $28,000. UMB Bank n.a. raised its holdings in First American Financial by 66.9% during the fourth quarter. UMB Bank n.a. now owns 524 shares of the insurance provider’s stock valued at $33,000 after acquiring an additional 210 shares during the period. Richardson Capital Management LLC bought a new position in shares of First American Financial in the first quarter worth about $39,000. Jones Financial Companies Lllp raised its stake in First American Financial by 57.6% during the 4th quarter. Jones Financial Companies Lllp now owns 670 shares of the insurance provider’s stock valued at $42,000 after purchasing an additional 245 shares during the period. Finally, Versant Capital Management Inc boosted its stake in First American Financial by 645.7% in the 1st quarter. Versant Capital Management Inc now owns 962 shares of the insurance provider’s stock worth $63,000 after purchasing an additional 833 shares during the period. Institutional investors own 89.05% of the company’s stock.

First American Financial Company Profile

First American Financial Corporation, through its subsidiaries, provides financial services. It operates through Title Insurance and Services, and Home Warranty segments. The Title Insurance and Services segment issues title insurance policies on residential and commercial property, as well as offers related products and services internationally.