First American Financial (NYSE:FAF) Given New $73.00 Price Target at Stephens

First American Financial (NYSE:FAF) had its target price lifted by Stephens from $66.00 to $73.00 in a research report released on Friday morning, Benzinga reports. They currently have an overweight rating on the insurance provider’s stock.

FAF has been the subject of several other reports. Barclays boosted their price objective on shares of First American Financial from $70.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Friday. Truist Financial increased their target price on First American Financial from $68.00 to $73.00 and gave the company a “buy” rating in a research note on Friday. Finally, Keefe, Bruyette & Woods increased their price objective on shares of First American Financial from $66.00 to $72.00 and gave the company an “outperform” rating in a research report on Wednesday, September 4th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, First American Financial presently has a consensus rating of “Moderate Buy” and an average target price of $72.50.

First American Financial Stock Performance

FAF stock traded down $0.66 during trading on Friday, hitting $63.28. The stock had a trading volume of 550,624 shares, compared to its average volume of 675,628. First American Financial has a 1-year low of $49.55 and a 1-year high of $67.88. The stock has a market cap of $6.56 billion, a price-to-earnings ratio of 30.28 and a beta of 1.29. The company’s 50 day moving average price is $64.71 and its two-hundred day moving average price is $59.08.

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

First American Financial Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 20th were issued a $0.54 dividend. The ex-dividend date of this dividend was Friday, September 20th. This is a boost from First American Financial’s previous quarterly dividend of $0.53. This represents a $2.16 annualized dividend and a dividend yield of 3.41%. First American Financial’s dividend payout ratio (DPR) is 103.35%.

Institutional Trading of First American Financial

Institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP boosted its holdings in First American Financial by 16.5% during the second quarter. Dimensional Fund Advisors LP now owns 3,647,709 shares of the insurance provider’s stock worth $196,793,000 after buying an additional 515,710 shares in the last quarter. Boston Partners increased its stake in First American Financial by 13.3% in the 1st quarter. Boston Partners now owns 4,074,181 shares of the insurance provider’s stock worth $248,237,000 after purchasing an additional 479,618 shares in the last quarter. Vanguard Group Inc. raised its holdings in First American Financial by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 10,567,038 shares of the insurance provider’s stock worth $645,118,000 after buying an additional 431,089 shares during the period. Reinhart Partners LLC. raised its holdings in First American Financial by 65.8% during the 2nd quarter. Reinhart Partners LLC. now owns 943,755 shares of the insurance provider’s stock worth $50,916,000 after buying an additional 374,662 shares during the period. Finally, AQR Capital Management LLC lifted its stake in First American Financial by 245.1% during the second quarter. AQR Capital Management LLC now owns 419,995 shares of the insurance provider’s stock valued at $22,659,000 after buying an additional 298,302 shares in the last quarter. Institutional investors and hedge funds 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.