Barclays Increases First American Financial (NYSE:FAF) Price Target to $72.00

First American Financial (NYSE:FAF) had its price target lifted by research analysts at Barclays from $70.00 to $72.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has an “equal weight” rating on the insurance provider’s stock. Barclays‘s price objective would indicate a potential upside of 13.51% from the stock’s previous close.

A number of other equities analysts also recently weighed in on the company. Keefe, Bruyette & Woods boosted 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. Stephens reissued an “overweight” rating and issued a $66.00 price target on shares of First American Financial in a report on Thursday, July 25th. Finally, Truist Financial lifted their price objective on shares of First American Financial from $68.00 to $73.00 and gave the stock a “buy” rating in a research report on Friday. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, First American Financial presently has a consensus rating of “Moderate Buy” and an average target price of $70.75.

First American Financial Stock Down 0.8 %

NYSE:FAF traded down $0.51 on Friday, hitting $63.43. The stock had a trading volume of 290,935 shares, compared to its average volume of 674,373. The business’s fifty day moving average is $64.69 and its 200 day moving average is $59.06. First American Financial has a 52 week low of $49.55 and a 52 week high of $67.88. The company has a market cap of $6.58 billion, a PE ratio of 30.35 and a beta of 1.29.

First American Financial (NYSE:FAF) last posted its earnings results on Wednesday, October 23rd. The insurance provider reported $1.34 EPS for the quarter, topping the consensus estimate of $1.15 by $0.19. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.66 billion. First American Financial had a net margin of 3.28% and a return on equity of 7.98%. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.22 earnings per share. Equities analysts predict that First American Financial will post 3.89 earnings per share for the current fiscal year.

Institutional Investors Weigh In On First American Financial

Several institutional investors have recently made changes to their positions in the stock. Pallas Capital Advisors LLC boosted its stake in First American Financial by 30.9% in the 3rd quarter. Pallas Capital Advisors LLC now owns 5,877 shares of the insurance provider’s stock worth $376,000 after purchasing an additional 1,387 shares during the period. Hunter Associates Investment Management LLC boosted its position in shares of First American Financial by 1.7% in the third quarter. Hunter Associates Investment Management LLC now owns 40,695 shares of the insurance provider’s stock valued at $2,682,000 after acquiring an additional 662 shares during the period. Gemmer Asset Management LLC purchased a new position in First American Financial during the third quarter valued at approximately $123,000. Custom Index Systems LLC increased its holdings in First American Financial by 130.9% during the 3rd quarter. Custom Index Systems LLC now owns 18,975 shares of the insurance provider’s stock worth $1,253,000 after acquiring an additional 10,757 shares during the period. Finally, State of Alaska Department of Revenue lifted its stake in First American Financial by 7.3% in the 3rd quarter. State of Alaska Department of Revenue now owns 11,953 shares of the insurance provider’s stock worth $789,000 after purchasing an additional 810 shares in the last quarter. Hedge funds and other institutional investors own 89.05% of the company’s stock.

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.