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

Shares of First American Financial Co. (NYSE:FAF) have received a consensus rating of “Moderate Buy” from the five ratings firms that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $65.25.

FAF has been the topic of a number of research reports. Keefe, Bruyette & Woods raised their target price on shares of First American Financial from $63.00 to $66.00 and gave the stock an “outperform” rating in a research note on Monday, July 29th. Stephens reiterated an “overweight” rating and issued a $66.00 target price on shares of First American Financial in a report on Thursday, July 25th. Truist Financial raised their price target on shares of First American Financial from $65.00 to $68.00 and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Barclays decreased their price target on shares of First American Financial from $65.00 to $61.00 and set an “equal weight” rating for the company in a research report on Tuesday, July 9th.

First American Financial Stock Down 0.8 %

FAF stock opened at $60.21 on Thursday. The company’s 50-day simple moving average is $55.33 and its 200-day simple moving average is $56.84. First American Financial has a 52-week low of $49.55 and a 52-week high of $65.54. The firm has a market cap of $6.25 billion, a P/E ratio of 28.70 and a beta of 1.28.

First American Financial (NYSE:FAF) last issued its quarterly earnings results on Wednesday, July 24th. The insurance provider reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $1.13 by $0.14. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.62 billion. First American Financial had a net margin of 3.28% and a return on equity of 7.98%. First American Financial’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same period last year, the company posted $1.35 EPS. On average, analysts anticipate that First American Financial will post 3.88 earnings per share for the current fiscal year.

First American Financial Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 10th were given a $0.53 dividend. The ex-dividend date of this dividend was Monday, June 10th. This represents a $2.12 dividend on an annualized basis and a yield of 3.52%. First American Financial’s dividend payout ratio (DPR) is presently 101.44%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Wealth Enhancement Advisory Services LLC increased its stake in shares of First American Financial by 1.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 10,327 shares of the insurance provider’s stock worth $630,000 after acquiring an additional 193 shares during the period. Blossom Wealth Management lifted its holdings in shares of First American Financial by 2.9% in the second quarter. Blossom Wealth Management now owns 6,940 shares of the insurance provider’s stock valued at $374,000 after purchasing an additional 195 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in shares of 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 purchasing an additional 228 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of First American Financial by 4.9% in the first quarter. Bessemer Group Inc. now owns 4,985 shares of the insurance provider’s stock valued at $304,000 after purchasing an additional 234 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of First American Financial by 56.9% during the second quarter. GAMMA Investing LLC now owns 709 shares of the insurance provider’s stock valued at $38,000 after buying an additional 257 shares during the period. 89.05% 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 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.