First American Financial (NYSE:FAF) Stock Price Expected to Rise, Truist Financial Analyst Says

First American Financial (NYSE:FAF) had its price objective upped by analysts at Truist Financial from $76.00 to $82.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the insurance provider’s stock. Truist Financial’s price objective points to a potential upside of 21.31% from the stock’s current price.

Other equities analysts have also recently issued research reports about the stock. Keefe, Bruyette & Woods raised their target price on First American Financial from $79.00 to $81.00 and gave the company an “outperform” rating in a research note on Thursday, December 18th. Barclays increased their target price on First American Financial from $68.00 to $70.00 and gave the stock an “equal weight” rating in a report on Friday. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of First American Financial in a research note on Friday. Stephens assumed coverage on shares of First American Financial in a report on Friday, November 14th. They set an “equal weight” rating for the company. Finally, Wall Street Zen upgraded First American Financial from a “hold” rating to a “buy” rating in a research note on Sunday, December 14th. Four analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $77.67.

First American Financial Price Performance

Shares of FAF traded up $0.38 during trading hours on Tuesday, hitting $67.60. 156,180 shares of the stock were exchanged, compared to its average volume of 1,070,741. The firm has a market capitalization of $6.89 billion, a P/E ratio of 11.23, a price-to-earnings-growth ratio of 0.72 and a beta of 1.27. The business has a 50-day moving average of $63.15 and a 200-day moving average of $63.64. First American Financial has a fifty-two week low of $53.09 and a fifty-two week high of $68.75.

First American Financial (NYSE:FAF) last released its earnings results on Wednesday, February 11th. The insurance provider reported $1.99 EPS for the quarter, topping the consensus estimate of $1.49 by $0.50. The business had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.80 billion. First American Financial had a return on equity of 11.93% and a net margin of 8.34%.The firm’s revenue was up 21.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.35 earnings per share. As a group, analysts forecast that First American Financial will post 5.35 earnings per share for the current fiscal year.

Institutional Trading of First American Financial

Large investors have recently modified their holdings of the business. Russell Investments Group Ltd. raised its stake in First American Financial by 0.8% in the fourth quarter. Russell Investments Group Ltd. now owns 152,462 shares of the insurance provider’s stock valued at $9,368,000 after purchasing an additional 1,272 shares in the last quarter. Captrust Financial Advisors raised its position in First American Financial by 8.5% during the fourth quarter. Captrust Financial Advisors now owns 25,008 shares of the insurance provider’s stock valued at $1,536,000 after purchasing an additional 1,959 shares in the last quarter. Graham Capital Management L.P. purchased a new position in shares of First American Financial in the 4th quarter worth about $2,418,000. MML Investors Services LLC lifted its position in First American Financial by 16.8% in the 4th quarter. MML Investors Services LLC now owns 15,916 shares of the insurance provider’s stock worth $978,000 after buying an additional 2,290 shares during the last quarter. Finally, Mariner LLC boosted its stake in shares of First American Financial by 179.6% in the 4th quarter. Mariner LLC now owns 30,150 shares of the insurance provider’s stock valued at $1,853,000 after purchasing an additional 19,367 shares in the last quarter. Institutional investors own 89.05% of the company’s stock.

About First American Financial

First American Financial Corporation is a leading provider of title insurance, settlement services and diversified real estate-related data and analytics. Headquartered in Santa Ana, California, the company serves customers throughout the United States as well as in Canada, Europe, Latin America and Asia. Its business is built on the underwriting capabilities of its title insurance operations combined with comprehensive closing and escrow services for homebuyers, sellers, mortgage lenders and real estate professionals.

The company’s title insurance segment issues policies that protect property owners and mortgage lenders against defects in titles, liens or encumbrances that can arise during real property transactions.