First American Financial Corp (NYSE:FAF) Receives Average Rating of “Hold” from Analysts

First American Financial Corp (NYSE:FAF) has been assigned an average recommendation of “Hold” from the six analysts that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $67.40.

FAF has been the topic of several research analyst reports. ValuEngine downgraded First American Financial from a “hold” rating to a “sell” rating in a research report on Saturday, September 14th. Compass Point set a $60.00 price target on First American Financial and gave the company a “hold” rating in a research report on Friday, July 26th. Piper Jaffray Companies set a $68.00 price target on First American Financial and gave the company a “buy” rating in a research report on Friday, July 26th. Barclays set a $68.00 price target on First American Financial and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Susquehanna Bancshares initiated coverage on First American Financial in a research report on Wednesday, June 19th. They issued a “positive” rating and a $73.00 price target on the stock.

Shares of NYSE:FAF traded up $1.21 during midday trading on Tuesday, hitting $59.63. The company’s stock had a trading volume of 419,905 shares, compared to its average volume of 714,130. The stock has a market capitalization of $6.56 billion, a price-to-earnings ratio of 13.02 and a beta of 0.89. The stock’s 50 day simple moving average is $58.50 and its 200 day simple moving average is $55.52. First American Financial has a fifty-two week low of $41.96 and a fifty-two week high of $60.48.

First American Financial (NYSE:FAF) last issued its quarterly earnings results on Thursday, July 25th. The insurance provider reported $1.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.23. The company had revenue of $1.50 billion for the quarter, compared to the consensus estimate of $1.52 billion. First American Financial had a return on equity of 14.77% and a net margin of 9.36%. The firm’s revenue was up .5% compared to the same quarter last year. During the same period last year, the business posted $1.37 earnings per share. Analysts forecast that First American Financial will post 5.02 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, September 16th. Investors of record on Monday, September 9th were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a yield of 2.82%. The ex-dividend date was Friday, September 6th. First American Financial’s dividend payout ratio (DPR) is presently 36.68%.

In related news, COO Christopher Michael Leavell sold 10,006 shares of First American Financial stock in a transaction dated Tuesday, July 30th. The stock was sold at an average price of $57.99, for a total transaction of $580,247.94. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 3.00% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in FAF. BlackRock Inc. grew its position in First American Financial by 8.3% during the second quarter. BlackRock Inc. now owns 11,753,555 shares of the insurance provider’s stock worth $631,166,000 after buying an additional 904,259 shares in the last quarter. Nuveen Asset Management LLC bought a new position in First American Financial during the second quarter worth about $41,858,000. Parnassus Investments CA lifted its stake in First American Financial by 138.7% during the second quarter. Parnassus Investments CA now owns 751,369 shares of the insurance provider’s stock worth $40,349,000 after purchasing an additional 436,550 shares during the period. Point72 Asset Management L.P. bought a new position in First American Financial during the second quarter worth about $20,393,000. Finally, Balyasny Asset Management LLC lifted its stake in First American Financial by 1,664.8% during the second quarter. Balyasny Asset Management LLC now owns 347,515 shares of the insurance provider’s stock worth $18,662,000 after purchasing an additional 327,824 shares during the period. 82.99% of the stock is currently owned by institutional investors and hedge funds.

First American Financial Company Profile

First American Financial Corporation, through its subsidiaries, provides financial services. It operates through Title Insurance and Services, and Specialty Insurance segments. The Title Insurance and Services segment issues title insurance policies on residential and commercial property, as well as offers related products and services.

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