First American Financial (NYSE:FAF) Issues Earnings Results

First American Financial (NYSE:FAF) issued its quarterly earnings data on Wednesday. The insurance provider reported $1.35 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.22, Zacks reports. First American Financial had a return on equity of 7.95% and a net margin of 1.58%.

First American Financial Stock Down 1.4 %

Shares of FAF traded down $0.89 during trading hours on Wednesday, hitting $62.61. 552,907 shares of the company were exchanged, compared to its average volume of 430,457. The company has a market cap of $6.45 billion, a price-to-earnings ratio of 70.35 and a beta of 1.33. First American Financial has a fifty-two week low of $51.60 and a fifty-two week high of $70.92. The firm’s fifty day moving average is $63.08 and its 200 day moving average is $63.91.

First American Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 3.45%. The ex-dividend date of this dividend is Monday, March 10th. First American Financial’s dividend payout ratio (DPR) is currently 242.70%.

Analysts Set New Price Targets

FAF has been the topic of a number of research reports. Keefe, Bruyette & Woods decreased their price objective on First American Financial from $80.00 to $74.00 and set a “market perform” rating on the stock in a report on Wednesday, January 8th. Truist Financial upped their price objective on First American Financial from $68.00 to $73.00 and gave the company a “buy” rating in a report on Friday, October 25th. Barclays upped their price objective on First American Financial from $70.00 to $72.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Finally, Stephens increased their target price on First American Financial from $66.00 to $73.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $73.00.

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.