First American Financial Co. (NYSE:FAF) Receives $67.75 Consensus PT from Brokerages

Shares of First American Financial Co. (NYSE:FAFGet Free Report) have earned an average rating of “Moderate Buy” from the six analysts that are currently covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $67.75.

Several analysts recently weighed in on the stock. Keefe, Bruyette & Woods upgraded shares of First American Financial from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $66.00 to $69.00 in a report on Thursday, March 21st. TheStreet downgraded shares of First American Financial from a “b-” rating to a “c+” rating in a report on Tuesday, March 12th. Finally, Stephens restated an “overweight” rating and issued a $72.00 price target on shares of First American Financial in a research note on Thursday, April 25th.

Check Out Our Latest Stock Report on FAF

Institutional Investors Weigh In On First American Financial

Several institutional investors have recently modified their holdings of FAF. Benjamin F. Edwards & Company Inc. purchased a new stake in shares of First American Financial during the 4th quarter worth $26,000. Venturi Wealth Management LLC lifted its position in First American Financial by 82.3% in the first quarter. Venturi Wealth Management LLC now owns 505 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 228 shares during the last quarter. GAMMA Investing LLC purchased a new stake in shares of First American Financial in the fourth quarter valued at about $33,000. Headlands Technologies LLC purchased a new stake in shares of First American Financial in the fourth quarter valued at about $44,000. Finally, Principal Securities Inc. purchased a new stake in shares of First American Financial in the fourth quarter valued at about $45,000. 89.05% of the stock is owned by hedge funds and other institutional investors.

First American Financial Price Performance

Shares of NYSE FAF opened at $53.12 on Wednesday. First American Financial has a 1 year low of $49.55 and a 1 year high of $65.54. The company has a 50 day simple moving average of $55.17 and a 200-day simple moving average of $58.43. The company has a market capitalization of $5.51 billion, a P/E ratio of 25.42 and a beta of 1.28.

First American Financial (NYSE:FAFGet Free Report) last posted its earnings results on Thursday, April 25th. The insurance provider reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.67 by ($0.22). First American Financial had a net margin of 3.64% and a return on equity of 8.17%. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter last year, the business posted $0.49 EPS. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. As a group, research analysts expect that First American Financial will post 3.97 EPS for the current year.

First American Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 10th were paid a $0.53 dividend. The ex-dividend date was Monday, June 10th. This represents a $2.12 annualized dividend and a dividend yield of 3.99%. First American Financial’s dividend payout ratio (DPR) is 101.44%.

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.

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Analyst Recommendations for First American Financial (NYSE:FAF)

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