First American Financial Co. (NYSE:FAF) Receives $66.75 Average PT from Analysts

First American Financial Co. (NYSE:FAF) has been assigned a consensus rating of “Moderate Buy” from the five brokerages that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $66.75.

A number of equities research analysts have weighed in on FAF shares. Barclays reduced their target price on shares of First American Financial from $65.00 to $61.00 and set an “equal weight” rating on the stock in a report on Tuesday, July 9th. Keefe, Bruyette & Woods increased their price objective on First American Financial from $66.00 to $72.00 and gave the company an “outperform” rating in a report on Wednesday, September 4th. Stephens reaffirmed an “overweight” rating and set a $66.00 target price on shares of First American Financial in a research report on Thursday, July 25th. Finally, Truist Financial upped their price target on First American Financial from $65.00 to $68.00 and gave the company a “buy” rating in a research report on Friday, July 26th.

Institutional Trading of First American Financial

Large investors have recently modified their holdings of the stock. Norges Bank bought a new position in First American Financial during the fourth quarter worth $76,210,000. Dimensional Fund Advisors LP boosted its position in shares of First American Financial by 16.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,647,709 shares of the insurance provider’s stock worth $196,793,000 after purchasing an additional 515,710 shares in the last quarter. Boston Partners increased its position in First American Financial by 13.3% in the 1st quarter. Boston Partners now owns 4,074,181 shares of the insurance provider’s stock valued at $248,237,000 after buying an additional 479,618 shares in the last quarter. Vanguard Group Inc. raised its stake in First American Financial by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 10,567,038 shares of the insurance provider’s stock worth $645,118,000 after buying an additional 431,089 shares during the period. Finally, MKP Capital Management L.L.C. bought a new position in First American Financial in the fourth quarter worth approximately $25,776,000. Institutional investors and hedge funds own 89.05% of the company’s stock.

First American Financial Stock Performance

Shares of FAF opened at $64.71 on Friday. The stock has a market capitalization of $6.71 billion, a price-to-earnings ratio of 30.96 and a beta of 1.29. First American Financial has a 52 week low of $49.55 and a 52 week high of $67.88. The stock has a fifty day moving average of $62.22 and a 200-day moving average of $57.98.

First American Financial (NYSE:FAF) last announced its quarterly earnings results on Wednesday, July 24th. The insurance provider reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.14. First American Financial had a return on equity of 7.98% and a net margin of 3.28%. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.62 billion. During the same period last year, the firm posted $1.35 earnings per share. The business’s revenue for the quarter was down 2.1% on a year-over-year basis. As a group, equities analysts forecast that First American Financial will post 3.89 EPS for the current year.

First American Financial Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 20th will be issued a $0.54 dividend. This is an increase from First American Financial’s previous quarterly dividend of $0.53. This represents a $2.16 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date is Friday, September 20th. First American Financial’s payout ratio is presently 103.35%.

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.