First American Financial Co. (NYSE:FAF) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of First American Financial Co. (NYSE:FAF) have been assigned an average rating of “Moderate Buy” from the five research firms that are covering the stock, MarketBeat reports. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $74.50.

FAF has been the subject of a number of research reports. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and set a $80.00 price target on shares of First American Financial in a research report on Tuesday, December 10th. Barclays increased their target price on First American Financial from $70.00 to $72.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Truist Financial raised their target price on First American Financial from $68.00 to $73.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Stephens upped their price target on First American Financial from $66.00 to $73.00 and gave the stock an “overweight” rating in a report on Friday, October 25th.

Hedge Funds Weigh In On First American Financial

Hedge funds have recently made changes to their positions in the business. Commonwealth Equity Services LLC grew its position in First American Financial by 23.2% in the second quarter. Commonwealth Equity Services LLC now owns 20,783 shares of the insurance provider’s stock worth $1,121,000 after buying an additional 3,914 shares during the last quarter. nVerses Capital LLC acquired a new stake in shares of First American Financial in the 2nd quarter valued at $194,000. Arizona State Retirement System boosted its holdings in First American Financial by 1.8% in the second quarter. Arizona State Retirement System now owns 28,864 shares of the insurance provider’s stock worth $1,557,000 after purchasing an additional 507 shares in the last quarter. Savant Capital LLC increased its position in First American Financial by 303.2% during the second quarter. Savant Capital LLC now owns 15,797 shares of the insurance provider’s stock worth $852,000 after buying an additional 11,879 shares during the last quarter. Finally, Custom Index Systems LLC increased its position in First American Financial by 2.3% during the second quarter. Custom Index Systems LLC now owns 8,218 shares of the insurance provider’s stock worth $443,000 after buying an additional 182 shares during the last quarter. Institutional investors and hedge funds own 89.05% of the company’s stock.

First American Financial Stock Down 0.9 %

First American Financial stock opened at $61.89 on Friday. The firm’s 50-day simple moving average is $65.21 and its 200 day simple moving average is $62.45. First American Financial has a 52 week low of $51.60 and a 52 week high of $70.92. The firm has a market capitalization of $6.37 billion, a PE ratio of 69.54 and a beta of 1.30.

First American Financial (NYSE:FAF) last announced its earnings results on Wednesday, October 23rd. The insurance provider reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.19. First American Financial had a net margin of 1.58% and a return on equity of 7.95%. The firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter in the previous year, the company posted $1.22 EPS. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. On average, research analysts expect that First American Financial will post 4.07 EPS for the current fiscal year.

First American Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Stockholders of record on Monday, December 9th were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend was Monday, December 9th. First American Financial’s dividend payout ratio is presently 242.70%.

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.