First American Financial Corporation (NYSE:FAF – Get Free Report) has received a consensus rating of “Moderate Buy” from the seven research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $84.00.
A number of analysts recently issued reports on FAF shares. Zacks Research downgraded shares of First American Financial from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Weiss Ratings raised First American Financial from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday, April 22nd. Barclays upped their price objective on shares of First American Financial from $80.00 to $83.00 and gave the company an “overweight” rating in a research note on Tuesday. Truist Financial raised their target price on First American Financial from $82.00 to $85.00 and gave the stock a “buy” rating in a research note on Friday, April 24th. Finally, Wall Street Zen lowered shares of First American Financial from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd.
Read Our Latest Research Report on FAF
Insiders Place Their Bets
Hedge Funds Weigh In On First American Financial
A number of hedge funds and other institutional investors have recently made changes to their positions in FAF. Bar Harbor Wealth Management grew its stake in First American Financial by 52.4% during the fourth quarter. Bar Harbor Wealth Management now owns 135,649 shares of the insurance provider’s stock valued at $8,334,000 after acquiring an additional 46,639 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in First American Financial by 4.1% in the third quarter. Dimensional Fund Advisors LP now owns 4,293,573 shares of the insurance provider’s stock valued at $275,816,000 after acquiring an additional 168,706 shares during the last quarter. Jefferies Financial Group Inc. purchased a new position in shares of First American Financial during the 4th quarter valued at about $6,713,000. Jackson Creek Investment Advisors LLC bought a new stake in shares of First American Financial in the 4th quarter worth approximately $1,608,000. Finally, Tudor Investment Corp ET AL purchased a new position in First American Financial in the 3rd quarter worth $5,046,000. Hedge funds and other institutional investors own 89.05% of the company’s stock.
First American Financial Trading Down 1.4%
Shares of FAF stock traded down $0.97 during trading hours on Friday, reaching $69.29. 700,734 shares of the company’s stock were exchanged, compared to its average volume of 999,516. The stock’s 50 day moving average is $67.87 and its 200-day moving average is $65.29. First American Financial has a fifty-two week low of $54.19 and a fifty-two week high of $71.93. The company has a market cap of $7.06 billion, a price-to-earnings ratio of 10.64, a P/E/G ratio of 0.67 and a beta of 1.23.
First American Financial (NYSE:FAF – Get Free Report) last posted its quarterly earnings results on Wednesday, April 22nd. The insurance provider reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.06 by $0.27. The business had revenue of $1.85 billion during the quarter, compared to analysts’ expectations of $1.80 billion. First American Financial had a net margin of 8.73% and a return on equity of 12.58%. The business’s quarterly revenue was up 16.2% on a year-over-year basis. During the same quarter last year, the company posted $0.84 earnings per share. Equities analysts anticipate that First American Financial will post 6.75 EPS for the current year.
First American Financial Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 8th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 3.2%. The ex-dividend date was Monday, June 8th. First American Financial’s dividend payout ratio is currently 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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