Brokerages Set First American Financial Co. (NYSE:FAF) PT at $74.50

Shares of First American Financial Co. (NYSE:FAF) have been given an average rating of “Moderate Buy” by the five research firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $74.50.

FAF has been the topic of a number of recent research reports. Stephens lifted their price target on shares of First American Financial from $66.00 to $73.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Barclays raised 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 report on Friday, October 25th. Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $80.00 target price on shares of First American Financial in a research note on Tuesday, December 10th. Finally, Truist Financial raised their price target on shares of First American Financial from $68.00 to $73.00 and gave the stock a “buy” rating in a research note on Friday, October 25th.

First American Financial Stock Performance

NYSE FAF opened at $61.89 on Friday. First American Financial has a twelve month low of $51.60 and a twelve month high of $70.92. The stock has a market cap of $6.37 billion, a PE ratio of 69.54 and a beta of 1.30. The firm has a 50-day simple moving average of $65.21 and a 200 day simple moving average of $62.45.

First American Financial (NYSE:FAF) last announced its quarterly earnings data on Wednesday, October 23rd. The insurance provider reported $1.34 EPS for the quarter, topping analysts’ consensus estimates 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 return on equity of 7.95% and a net margin of 1.58%. The company’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter last year, the company earned $1.22 EPS. Research analysts forecast that First American Financial will post 4.07 earnings per share for the current fiscal year.

First American Financial Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 9th were issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 3.49%. The ex-dividend date of this dividend was Monday, December 9th. First American Financial’s dividend payout ratio is 242.70%.

Institutional Investors Weigh In On First American Financial

A number of institutional investors and hedge funds have recently modified their holdings of FAF. Commonwealth Equity Services LLC raised its holdings in First American Financial by 23.2% in the second quarter. Commonwealth Equity Services LLC now owns 20,783 shares of the insurance provider’s stock worth $1,121,000 after purchasing an additional 3,914 shares during the period. nVerses Capital LLC bought a new position in First American Financial during the 2nd quarter worth about $194,000. Arizona State Retirement System raised its stake in shares of First American Financial by 1.8% in the 2nd quarter. Arizona State Retirement System now owns 28,864 shares of the insurance provider’s stock valued at $1,557,000 after purchasing an additional 507 shares during the period. Savant Capital LLC lifted its holdings in shares of First American Financial by 303.2% in the second quarter. Savant Capital LLC now owns 15,797 shares of the insurance provider’s stock valued at $852,000 after purchasing an additional 11,879 shares in the last quarter. Finally, Custom Index Systems LLC boosted its position in shares of First American Financial by 2.3% during the second quarter. Custom Index Systems LLC now owns 8,218 shares of the insurance provider’s stock worth $443,000 after buying an additional 182 shares during the period. 89.05% of the stock is owned by institutional investors.

About First American Financial

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.