First American Financial Co. (NYSE:FAF) Receives $72.50 Average PT from Brokerages

First American Financial Co. (NYSE:FAF) has been assigned an average rating of “Moderate Buy” from the five research firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price objective among analysts that have covered the stock in the last year is $72.50.

A number of research analysts have weighed in on the stock. Keefe, Bruyette & Woods raised their target price on shares of First American Financial from $66.00 to $72.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 4th. Barclays lifted their price objective on First American Financial from $70.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Truist Financial raised their target price on First American Financial from $68.00 to $73.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Finally, Stephens boosted their price target on shares of First American Financial from $66.00 to $73.00 and gave the company an “overweight” rating in a research report on Friday, October 25th.

First American Financial Trading Up 0.2 %

FAF stock opened at $64.97 on Friday. First American Financial has a 12-month low of $51.60 and a 12-month high of $67.88. The stock has a market cap of $6.69 billion, a price-to-earnings ratio of 73.00 and a beta of 1.29. The business’s 50-day moving average is $64.79 and its 200 day moving average is $59.86.

First American Financial (NYSE:FAF) last announced its earnings results on Wednesday, October 23rd. The insurance provider reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.19. The company had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.66 billion. First American Financial had a net margin of 1.58% and a return on equity of 7.95%. The firm’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.22 EPS. As a group, equities analysts forecast that First American Financial will post 3.99 EPS for the current fiscal year.

First American Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 9th will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date of this dividend is Monday, December 9th. First American Financial’s payout ratio is 242.70%.

Institutional Investors Weigh In On First American Financial

Institutional investors and hedge funds have recently made changes to their positions in the stock. Wellington Management Group LLP purchased a new stake in First American Financial in the third quarter valued at approximately $95,638,000. ArrowMark Colorado Holdings LLC acquired a new position in First American Financial during the 3rd quarter worth about $43,431,000. Holocene Advisors LP purchased a new position in First American Financial during the 3rd quarter valued at about $36,803,000. Dimensional Fund Advisors LP grew its position in 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 in the last quarter. Finally, 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 purchasing an additional 479,618 shares during the period. 89.05% of the stock is owned by hedge funds and other 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.