First American Financial Co. (NYSE:FAF) Receives $68.00 Average PT from Brokerages

Shares of First American Financial Co. (NYSE:FAFGet Free Report) have been assigned an average rating of “Moderate Buy” from the six analysts that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $68.00.

A number of equities research analysts have recently weighed in on the company. Stephens restated an “overweight” rating and set a $73.00 target price on shares of First American Financial in a research report on Thursday, February 8th. Keefe, Bruyette & Woods raised First American Financial from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $66.00 to $69.00 in a research note on Thursday, March 21st. TheStreet cut First American Financial from a “b-” rating to a “c+” rating in a research note on Tuesday, March 12th. Finally, Deutsche Bank Aktiengesellschaft began coverage on First American Financial in a research note on Wednesday, January 10th. They issued a “buy” rating for the company.

Get Our Latest Report on First American Financial

Institutional Trading of First American Financial

A number of institutional investors have recently modified their holdings of FAF. Raymond James & Associates lifted its holdings in shares of First American Financial by 4.6% in the first quarter. Raymond James & Associates now owns 62,727 shares of the insurance provider’s stock valued at $4,066,000 after purchasing an additional 2,765 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in First American Financial by 2.9% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 10,501 shares of the insurance provider’s stock worth $681,000 after acquiring an additional 294 shares in the last quarter. American Century Companies Inc. raised its holdings in First American Financial by 19.7% during the first quarter. American Century Companies Inc. now owns 28,814 shares of the insurance provider’s stock worth $1,868,000 after acquiring an additional 4,736 shares in the last quarter. Cambridge Investment Research Advisors Inc. raised its holdings in First American Financial by 7.1% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 3,725 shares of the insurance provider’s stock worth $241,000 after acquiring an additional 247 shares in the last quarter. Finally, BlackRock Inc. raised its holdings in First American Financial by 3.3% during the first quarter. BlackRock Inc. now owns 9,629,986 shares of the insurance provider’s stock worth $624,215,000 after acquiring an additional 303,214 shares in the last quarter. 89.05% of the stock is currently owned by institutional investors.

First American Financial Price Performance

First American Financial stock opened at $61.05 on Friday. The business has a 50 day simple moving average of $58.50 and a 200 day simple moving average of $58.22. First American Financial has a one year low of $49.55 and a one year high of $65.54. The company has a market capitalization of $6.29 billion, a PE ratio of 29.35 and a beta of 1.27.

First American Financial (NYSE:FAFGet Free Report) last issued its quarterly earnings data on Thursday, February 8th. The insurance provider reported $0.69 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.75 by ($0.06). First American Financial had a net margin of 3.61% and a return on equity of 8.27%. The business had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the previous year, the firm posted $1.35 EPS. The company’s revenue for the quarter was down 15.2% compared to the same quarter last year. Equities analysts anticipate that First American Financial will post 4.47 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 Friday, March 15th. Stockholders of record on Friday, March 8th were issued a $0.53 dividend. The ex-dividend date was Thursday, March 7th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.47%. First American Financial’s dividend payout ratio (DPR) is 101.92%.

First American Financial Company Profile

(Get Free Report

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.

Further Reading

Analyst Recommendations for First American Financial (NYSE:FAF)

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