Zacks Research Brokers Boost Earnings Estimates for FAF

First American Financial Corporation (NYSE:FAF – Free Report) – Investment analysts at Zacks Research lifted their Q1 2028 EPS estimates for First American Financial in a research report issued to clients and investors on Thursday, August 27th. Zacks Research analyst Team now anticipates that the insurance provider will post earnings per share of $1.23 for the quarter, up from their prior forecast of $1.16. Zacks Research has a “Hold” rating on the stock. The consensus estimate for First American Financial’s current full-year earnings is $7.11 per share. Zacks Research also issued estimates for First American Financial’s Q2 2028 earnings at $2.06 EPS.

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First American Financial (NYSE:FAF – Get Free Report) last announced its earnings results on Wednesday, July 22nd. The insurance provider reported $2.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.80 by $0.28. The business had revenue of $2.11 billion during the quarter, compared to analyst estimates of $2.03 billion. First American Financial had a net margin of 9.33% and a return on equity of 13.31%. First American Financial’s revenue for the quarter was up 15.0% on a year-over-year basis. During the same period in the previous year, the business posted $1.53 earnings per share.

A number of other analysts also recently issued reports on the stock. Benchmark began coverage on shares of First American Financial in a report on Tuesday, July 21st. They set a “buy” rating and a $85.00 price objective for the company. Barclays increased their target price on First American Financial from $80.00 to $83.00 and gave the company an “overweight” rating in a research note on Tuesday, July 7th. Keefe, Bruyette & Woods raised their price target on First American Financial from $84.00 to $86.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Stephens reaffirmed an “overweight” rating and set a $84.00 price target on shares of First American Financial in a research note on Friday, June 12th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of First American Financial in a report on Monday, July 20th. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $84.60.

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First American Financial Price Performance

Shares of NYSE:FAF opened at $73.42 on Monday. The company’s fifty day moving average price is $72.23 and its 200-day moving average price is $68.08. The firm has a market capitalization of $7.50 billion, a price-to-earnings ratio of 10.17, a PEG ratio of 0.68 and a beta of 1.21. First American Financial has a one year low of $56.20 and a one year high of $79.87.

Hedge Funds Weigh In On First American Financial

Several institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. bought a new stake in First American Financial in the second quarter worth $643,570,000. California State Teachers Retirement System boosted its position in First American Financial by 6,303.4% during the second quarter. California State Teachers Retirement System now owns 7,712,808 shares of the insurance provider’s stock valued at $529,022,000 after buying an additional 7,592,360 shares during the period. Boston Partners boosted its position in First American Financial by 8.9% during the third quarter. Boston Partners now owns 6,133,594 shares of the insurance provider’s stock valued at $393,690,000 after buying an additional 500,649 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of First American Financial by 4,485,375.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,786,263 shares of the insurance provider’s stock valued at $355,508,000 after buying an additional 5,786,134 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of First American Financial by 5.6% during the first quarter. Dimensional Fund Advisors LP now owns 4,636,464 shares of the insurance provider’s stock valued at $279,529,000 after buying an additional 245,279 shares during the last quarter. Institutional investors own 89.05% of the company’s stock.

Insider Activity at First American Financial

In other news, CAO Steven A. Adams sold 3,253 shares of the business’s stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $74.99, for a total value of $243,942.47. Following the completion of the sale, the chief accounting officer directly owned 10,234 shares in the company, valued at approximately $767,447.66. The trade was a 24.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 3.50% of the company’s stock.

First American Financial Company Profile

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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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