First American Financial Co. (NYSE:FAF) Receives $66.75 Consensus Price Target from Analysts

Shares of First American Financial Co. (NYSE:FAF) have been given an average recommendation of “Moderate Buy” by the five research firms that are covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $66.75.

A number of equities analysts have recently weighed in on FAF shares. Keefe, Bruyette & Woods increased their target price on First American Financial from $66.00 to $72.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 4th. Truist Financial lifted their target price on First American Financial from $65.00 to $68.00 and gave the stock a “buy” rating in a report on Friday, July 26th. Barclays lowered their price target on shares of First American Financial from $65.00 to $61.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 9th. Finally, Stephens reissued an “overweight” rating and issued a $66.00 price objective on shares of First American Financial in a report on Thursday, July 25th.

Institutional Trading of First American Financial

Large investors have recently made changes to their positions in the company. Mather Group LLC. lifted its stake in First American Financial by 99.1% during the second quarter. Mather Group LLC. now owns 671 shares of the insurance provider’s stock worth $36,000 after purchasing an additional 334 shares during the last quarter. Principal Securities Inc. bought a new stake in shares of First American Financial during the 4th quarter worth $45,000. GAMMA Investing LLC boosted its stake in First American Financial by 56.9% in the second quarter. GAMMA Investing LLC now owns 709 shares of the insurance provider’s stock valued at $38,000 after buying an additional 257 shares in the last quarter. Abich Financial Wealth Management LLC grew its position in First American Financial by 56.5% in the first quarter. Abich Financial Wealth Management LLC now owns 798 shares of the insurance provider’s stock valued at $49,000 after acquiring an additional 288 shares during the last quarter. Finally, Quarry LP raised its stake in First American Financial by 340.8% during the second quarter. Quarry LP now owns 864 shares of the insurance provider’s stock worth $47,000 after acquiring an additional 668 shares in the last quarter. Institutional investors and hedge funds own 89.05% of the company’s stock.

First American Financial Price Performance

Shares of First American Financial stock opened at $64.71 on Friday. First American Financial has a 1 year low of $49.55 and a 1 year high of $67.88. The company has a market capitalization of $6.71 billion, a price-to-earnings ratio of 30.96 and a beta of 1.29. The business has a fifty day simple moving average of $62.22 and a two-hundred day simple moving average of $57.98.

First American Financial (NYSE:FAF) last announced its earnings results on Wednesday, July 24th. The insurance provider reported $1.27 EPS for the quarter, topping the consensus estimate of $1.13 by $0.14. The business had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.62 billion. First American Financial had a net margin of 3.28% and a return on equity of 7.98%. First American Financial’s revenue was down 2.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.35 EPS. As a group, equities analysts anticipate that First American Financial will post 3.89 earnings per share for the current fiscal year.

First American Financial Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 20th will be issued a $0.54 dividend. This is a positive change from First American Financial’s previous quarterly dividend of $0.53. This represents a $2.16 annualized dividend and a yield of 3.34%. The ex-dividend date is Friday, September 20th. First American Financial’s dividend payout ratio (DPR) is currently 103.35%.

First American Financial Company Profile

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.