FY2018 EPS Estimates for First American Financial Corp Decreased by Analyst (FAF)

First American Financial Corp (NYSE:FAF) – Stock analysts at Piper Jaffray Companies decreased their FY2018 EPS estimates for First American Financial in a research report issued to clients and investors on Thursday, October 25th. Piper Jaffray Companies analyst J. Deleeuw now expects that the insurance provider will post earnings of $4.49 per share for the year, down from their prior forecast of $4.51. Piper Jaffray Companies has a “Neutral” rating and a $65.00 price target on the stock. Piper Jaffray Companies also issued estimates for First American Financial’s Q4 2018 earnings at $1.14 EPS, Q1 2019 earnings at $0.68 EPS, Q2 2019 earnings at $1.32 EPS, Q3 2019 earnings at $1.34 EPS, Q4 2019 earnings at $1.22 EPS, FY2019 earnings at $4.55 EPS and FY2020 earnings at $4.85 EPS.

First American Financial (NYSE:FAF) last issued its quarterly earnings results on Thursday, October 25th. The insurance provider reported $1.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.28 by ($0.02). The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.55 billion. First American Financial had a net margin of 10.39% and a return on equity of 13.68%.



A number of other research analysts have also weighed in on the stock. ValuEngine lowered shares of First American Financial from a “hold” rating to a “sell” rating in a research note on Wednesday, September 19th. Zacks Investment Research lowered shares of First American Financial from a “buy” rating to a “hold” rating in a research note on Friday, October 5th. Finally, Keefe, Bruyette & Woods raised shares of First American Financial from a “market perform” rating to an “outperform” rating and set a $39.00 price target on the stock in a research note on Monday, July 16th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $57.50.

Shares of First American Financial stock opened at $44.33 on Monday. The stock has a market capitalization of $4.89 billion, a P/E ratio of 16.12, a P/E/G ratio of 0.75 and a beta of 0.70. First American Financial has a twelve month low of $41.96 and a twelve month high of $62.71.

In related news, EVP Kenneth D. Degiorgio sold 13,871 shares of the firm’s stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $57.25, for a total value of $794,114.75. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, insider Matthew F. Wajner sold 4,982 shares of the stock in a transaction dated Tuesday, August 21st. The shares were sold at an average price of $57.29, for a total transaction of $285,418.78. The disclosure for this sale can be found here. Company insiders own 3.00% of the company’s stock.

A number of hedge funds have recently added to or reduced their stakes in the business. First Midwest Bank Trust Division raised its holdings in First American Financial by 13.2% in the 2nd quarter. First Midwest Bank Trust Division now owns 7,925 shares of the insurance provider’s stock valued at $410,000 after acquiring an additional 922 shares during the last quarter. Commonwealth Equity Services LLC raised its holdings in First American Financial by 11.6% in the 1st quarter. Commonwealth Equity Services LLC now owns 8,909 shares of the insurance provider’s stock valued at $522,000 after acquiring an additional 927 shares during the last quarter. Louisiana State Employees Retirement System raised its holdings in First American Financial by 3.4% in the 2nd quarter. Louisiana State Employees Retirement System now owns 30,100 shares of the insurance provider’s stock valued at $1,557,000 after acquiring an additional 1,000 shares during the last quarter. MetLife Investment Advisors LLC raised its holdings in First American Financial by 1.5% in the 2nd quarter. MetLife Investment Advisors LLC now owns 70,106 shares of the insurance provider’s stock valued at $3,626,000 after acquiring an additional 1,010 shares during the last quarter. Finally, Oakbrook Investments LLC raised its holdings in First American Financial by 11.4% in the 2nd quarter. Oakbrook Investments LLC now owns 10,250 shares of the insurance provider’s stock valued at $530,000 after acquiring an additional 1,050 shares during the last quarter. Institutional investors own 83.52% of the company’s stock.

About First American Financial

First American Financial Corp. operates as an insurance company. It provides title insurance and settlement services to the real estate and mortgage industries. The company operates its business through the following segments: Title Insurance & Services and Specialty Insurance. The Title Insurance & Services segment provides title insurance, escrow, closing services and similar or related financial services domestically and internationally in connection with residential and commercial real estate transactions.

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Earnings History and Estimates for First American Financial (NYSE:FAF)

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