Brokerages Set First American Financial Co. (NYSE:FAF) PT at $74.50

First American Financial Co. (NYSE:FAFGet Free Report) has earned an average recommendation of “Moderate Buy” from the five brokerages that are presently covering the stock, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $74.50.

Several research analysts recently issued reports on FAF shares. Barclays raised their target price on First American Financial from $70.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Truist Financial raised their price objective on First American Financial from $68.00 to $73.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Keefe, Bruyette & Woods reiterated a “market perform” rating and issued a $80.00 target price on shares of First American Financial in a report on Tuesday, December 10th. Finally, Stephens raised their price target on shares of First American Financial from $66.00 to $73.00 and gave the stock an “overweight” rating in a report on Friday, October 25th.

Get Our Latest Research Report on FAF

Institutional Investors Weigh In On First American Financial

Hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its stake in First American Financial by 16.5% in the second quarter. Dimensional Fund Advisors LP now owns 3,647,709 shares of the insurance provider’s stock valued at $196,793,000 after purchasing an additional 515,710 shares in the last quarter. Ariel Investments LLC raised its stake in First American Financial by 2.8% during the 2nd quarter. Ariel Investments LLC now owns 3,609,697 shares of the insurance provider’s stock worth $194,743,000 after buying an additional 97,158 shares during the period. Victory Capital Management Inc. boosted its holdings in First American Financial by 19.4% in the third quarter. Victory Capital Management Inc. now owns 2,495,766 shares of the insurance provider’s stock worth $164,746,000 after acquiring an additional 405,146 shares in the last quarter. Geode Capital Management LLC grew its stake in First American Financial by 0.8% in the third quarter. Geode Capital Management LLC now owns 1,700,903 shares of the insurance provider’s stock valued at $112,306,000 after acquiring an additional 12,668 shares during the period. Finally, Vaughan Nelson Investment Management L.P. increased its holdings in shares of First American Financial by 4.6% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,493,111 shares of the insurance provider’s stock valued at $98,560,000 after acquiring an additional 66,290 shares in the last quarter. 89.05% of the stock is currently owned by institutional investors.

First American Financial Price Performance

Shares of NYSE FAF opened at $61.90 on Friday. The company has a 50 day simple moving average of $65.19 and a 200 day simple moving average of $62.51. First American Financial has a 1 year low of $51.60 and a 1 year high of $70.92. The firm has a market cap of $6.38 billion, a PE ratio of 69.55 and a beta of 1.30.

First American Financial (NYSE:FAFGet Free Report) last announced its quarterly earnings results on Wednesday, October 23rd. The insurance provider reported $1.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.19. The firm had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.66 billion. First American Financial had a net margin of 1.58% and a return on equity of 7.95%. The company’s revenue was down 5.1% on a year-over-year basis. During the same period in the prior year, the company posted $1.22 EPS. As a group, research analysts anticipate that First American Financial will post 4.07 earnings per share for the current fiscal year.

First American Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 9th were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $2.16 annualized dividend and a dividend yield of 3.49%. First American Financial’s payout ratio is 242.70%.

First American Financial Company Profile

(Get Free Report

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.

Featured Articles

Analyst Recommendations for First American Financial (NYSE:FAF)

Receive News & Ratings for First American Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First American Financial and related companies with MarketBeat.com's FREE daily email newsletter.