First American Financial (FAF) to Release Earnings on Wednesday

First American Financial (NYSE:FAF) is expected to be announcing its earnings results after the market closes on Wednesday, April 23rd. Analysts expect the company to announce earnings of $0.67 per share and revenue of $1.53 billion for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

First American Financial (NYSE:FAF) last released its quarterly earnings data on Wednesday, February 12th. The insurance provider reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.22. First American Financial had a net margin of 2.14% and a return on equity of 9.35%. On average, analysts expect First American Financial to post $5 EPS for the current fiscal year and $6 EPS for the next fiscal year.

First American Financial Price Performance

First American Financial stock opened at $59.24 on Monday. The firm has a 50 day simple moving average of $63.27 and a 200-day simple moving average of $63.87. The stock has a market cap of $6.11 billion, a price-to-earnings ratio of 47.39 and a beta of 1.23. First American Financial has a 1-year low of $51.60 and a 1-year high of $70.92.

First American Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 10th were given a $0.54 dividend. The ex-dividend date was Monday, March 10th. This represents a $2.16 annualized dividend and a yield of 3.65%. First American Financial’s payout ratio is 172.80%.

Insider Activity

In other First American Financial news, SVP Lisa W. Cornehl sold 3,057 shares of First American Financial stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $65.49, for a total value of $200,202.93. Following the completion of the transaction, the senior vice president now directly owns 23,825 shares of the company’s stock, valued at $1,560,299.25. The trade was a 11.37 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Dennis J. Gilmore sold 111,971 shares of the stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $63.60, for a total transaction of $7,121,355.60. Following the sale, the director now directly owns 494,574 shares in the company, valued at $31,454,906.40. This represents a 18.46 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 127,707 shares of company stock valued at $8,136,565. 3.70% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently commented on FAF. Stephens upped their price target on First American Financial from $73.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday, February 14th. Keefe, Bruyette & Woods raised shares of First American Financial from a “market perform” rating to an “outperform” rating and set a $75.00 target price for the company in a research note on Tuesday, April 8th.

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.