First American Financial Corporation (NYSE:FAF – Free Report) – Analysts at Zacks Research lifted their Q2 2027 earnings per share estimates for shares of First American Financial in a research note issued to investors on Wednesday, June 24th. Zacks Research analyst Team now anticipates that the insurance provider will earn $2.02 per share for the quarter, up from their prior estimate of $2.00. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for First American Financial’s current full-year earnings is $6.81 per share. Zacks Research also issued estimates for First American Financial’s Q1 2028 earnings at $1.29 EPS.
First American Financial (NYSE:FAF – Get Free Report) last announced its quarterly earnings data on Wednesday, April 22nd. The insurance provider reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.06 by $0.27. The company had revenue of $1.85 billion for the quarter, compared to analysts’ expectations of $1.80 billion. First American Financial had a return on equity of 12.58% and a net margin of 8.73%.First American Financial’s revenue for the quarter was up 16.2% compared to the same quarter last year. During the same period last year, the firm posted $0.84 EPS.
View Our Latest Research Report on First American Financial
First American Financial Price Performance
Shares of FAF opened at $67.01 on Thursday. The firm has a market cap of $6.83 billion, a P/E ratio of 10.29, a P/E/G ratio of 0.67 and a beta of 1.24. The stock has a 50 day simple moving average of $67.41 and a two-hundred day simple moving average of $64.84. First American Financial has a 1 year low of $53.09 and a 1 year high of $71.47.
Institutional Inflows and Outflows
A number of hedge funds have recently bought and sold shares of the business. Bank of America Corp DE raised its position in First American Financial by 42.1% during the 1st quarter. Bank of America Corp DE now owns 624,123 shares of the insurance provider’s stock valued at $37,628,000 after purchasing an additional 184,896 shares during the last quarter. Amundi boosted its stake in shares of First American Financial by 68.4% during the 1st quarter. Amundi now owns 9,628 shares of the insurance provider’s stock valued at $580,000 after purchasing an additional 3,909 shares in the last quarter. California State Teachers Retirement System increased its position in shares of First American Financial by 25.2% during the first quarter. California State Teachers Retirement System now owns 120,448 shares of the insurance provider’s stock valued at $7,262,000 after buying an additional 24,224 shares during the period. Royal Bank of Canada increased its position in shares of First American Financial by 66.3% during the first quarter. Royal Bank of Canada now owns 88,582 shares of the insurance provider’s stock valued at $5,340,000 after buying an additional 35,315 shares during the period. Finally, Empowered Funds LLC raised its stake in First American Financial by 60.8% in the first quarter. Empowered Funds LLC now owns 7,652 shares of the insurance provider’s stock worth $461,000 after buying an additional 2,892 shares in the last quarter. Hedge funds and other institutional investors own 89.05% of the company’s stock.
Insiders Place Their Bets
In other news, Director Margaret M. Mccarthy sold 6,630 shares of the company’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $70.59, for a total transaction of $468,011.70. Following the completion of the transaction, the director directly owned 24,024 shares of the company’s stock, valued at approximately $1,695,854.16. This represents a 21.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Lisa W. Cornehl sold 5,823 shares of the company’s stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $68.63, for a total transaction of $399,632.49. Following the transaction, the senior vice president directly owned 29,635 shares of the company’s stock, valued at approximately $2,033,850.05. This trade represents a 16.42% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 3.50% of the stock is owned by company insiders.
First American Financial Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 8th were given a dividend of $0.55 per share. The ex-dividend date of this dividend was Monday, June 8th. This represents a $2.20 annualized dividend and a yield of 3.3%. First American Financial’s dividend payout ratio is presently 33.79%.
First American Financial Company Profile
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.
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