First American Financial Co. (NYSE:FAF) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of First American Financial Co. (NYSE:FAF) have received an average rating of “Moderate Buy” from the five ratings firms that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $65.25.

A number of research analysts recently weighed in on FAF shares. Barclays lowered their target price on shares of First American Financial from $65.00 to $61.00 and set an “equal weight” rating on the stock in a research note on Tuesday, July 9th. Stephens reaffirmed an “overweight” rating and issued a $66.00 price objective on shares of First American Financial in a research note on Thursday, July 25th. Keefe, Bruyette & Woods increased their target price on First American Financial from $63.00 to $66.00 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Finally, Truist Financial boosted their price target on First American Financial from $65.00 to $68.00 and gave the stock a “buy” rating in a report on Friday, July 26th.

First American Financial Stock Up 0.9 %

FAF stock opened at $63.80 on Monday. The business’s 50-day moving average price is $58.42 and its 200-day moving average price is $57.08. The stock has a market cap of $6.62 billion, a P/E ratio of 30.53 and a beta of 1.28. First American Financial has a twelve month low of $49.55 and a twelve month high of $65.54.

First American Financial (NYSE:FAF) last issued its quarterly earnings results on Wednesday, July 24th. The insurance provider reported $1.27 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.14. The business had revenue of $1.61 billion for 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%. The company’s revenue for the quarter was down 2.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.35 earnings per share. On average, equities research analysts expect 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 large investors have recently made changes to their positions in the company. Norges Bank purchased a new position in First American Financial during the 4th quarter valued at approximately $76,210,000. Dimensional Fund Advisors LP lifted its holdings in shares of First American Financial by 16.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,647,709 shares of the insurance provider’s stock valued at $196,793,000 after acquiring an additional 515,710 shares during the last quarter. Boston Partners increased its stake in First American Financial by 13.3% during the first quarter. Boston Partners now owns 4,074,181 shares of the insurance provider’s stock worth $248,237,000 after acquiring an additional 479,618 shares during the last quarter. Vanguard Group Inc. increased its stake in First American Financial by 4.3% during the first quarter. Vanguard Group Inc. now owns 10,567,038 shares of the insurance provider’s stock worth $645,118,000 after acquiring an additional 431,089 shares during the last quarter. Finally, MKP Capital Management L.L.C. purchased a new stake in First American Financial during the fourth quarter valued at approximately $25,776,000. 89.05% of the stock is owned by institutional investors.

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.