First American Financial (NYSE:FAF) Price Target Lowered to $74.00 at Keefe, Bruyette & Woods

First American Financial (NYSE:FAF) had its target price reduced by Keefe, Bruyette & Woods from $80.00 to $74.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has a “market perform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 23.48% from the company’s current price.

Several other equities research analysts also recently issued reports on FAF. Truist Financial increased their price target on First American Financial from $68.00 to $73.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Stephens increased their price objective on First American Financial from $66.00 to $73.00 and gave the stock an “overweight” rating in a report on Friday, October 25th. Finally, Barclays raised their price target on shares of First American Financial from $70.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $73.00.

First American Financial Stock Down 1.0 %

First American Financial stock traded down $0.59 during mid-day trading on Wednesday, hitting $59.93. 86,167 shares of the company were exchanged, compared to its average volume of 379,376. First American Financial has a 1-year low of $51.60 and a 1-year high of $70.92. The business has a fifty day moving average of $65.06 and a 200 day moving average of $62.74. The company has a market capitalization of $6.17 billion, a PE ratio of 67.34 and a beta of 1.30.

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

Institutional Trading of First American Financial

Hedge funds have recently modified their holdings of the stock. Commonwealth Equity Services LLC raised its stake in First American Financial by 23.2% during the second quarter. Commonwealth Equity Services LLC now owns 20,783 shares of the insurance provider’s stock worth $1,121,000 after acquiring an additional 3,914 shares in the last quarter. Arizona State Retirement System increased its stake 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 valued at $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% in the 2nd quarter. Savant Capital LLC now owns 15,797 shares of the insurance provider’s stock valued at $852,000 after buying an additional 11,879 shares in the last quarter. Oak Thistle LLC acquired a new position in shares of First American Financial during the second quarter worth approximately $239,000. Finally, Ashton Thomas Private Wealth LLC acquired a new position in First American Financial during the second quarter worth $47,000. Institutional investors and hedge funds own 89.05% of the company’s stock.

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.