By otakuyassine3@gmail.com 
First American Financial Co. (NYSE:FAF – Get Free Report) has received a consensus rating of “Moderate Buy” from the five ratings firms that are presently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $74.50.
A number of research firms have commented on FAF. Barclays raised their price objective on 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. Keefe, Bruyette & Woods restated a “market perform” rating and issued a $80.00 price target on shares of First American Financial in a research report on Tuesday, December 10th. Stephens upped their price objective on shares of First American Financial from $66.00 to $73.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Finally, Truist Financial raised their target price on shares of First American Financial from $68.00 to $73.00 and gave the company a “buy” rating in a report on Friday, October 25th.
Check Out Our Latest Stock Report on FAF
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of FAF. Venturi Wealth Management LLC grew its holdings in shares of First American Financial by 132.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 625 shares of the insurance provider’s stock valued at $41,000 after purchasing an additional 356 shares during the last quarter. Ashton Thomas Private Wealth LLC acquired a new stake in First American Financial in the second quarter valued at approximately $47,000. Quarry LP grew its stake in shares of First American Financial by 340.8% during the second quarter. Quarry LP now owns 864 shares of the insurance provider’s stock worth $47,000 after buying an additional 668 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of First American Financial by 214.2% during the third quarter. Blue Trust Inc. now owns 1,021 shares of the insurance provider’s stock worth $67,000 after buying an additional 696 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in shares of First American Financial by 34.9% in the 4th quarter. GAMMA Investing LLC now owns 1,071 shares of the insurance provider’s stock valued at $67,000 after acquiring an additional 277 shares during the last quarter. Institutional investors and hedge funds own 89.05% of the company’s stock.
First American Financial Stock Performance
FAF stock opened at $61.90 on Friday. First American Financial has a 52 week low of $51.60 and a 52 week high of $70.92. The company’s 50-day simple moving average is $65.19 and its 200 day simple moving average is $62.51. The company has a market capitalization of $6.38 billion, a PE ratio of 69.55 and a beta of 1.30.
First American Financial (NYSE:FAF – Get Free Report) last announced its earnings results on Wednesday, October 23rd. The insurance provider reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $1.66 billion. During the same quarter in the prior year, the business posted $1.22 EPS. The business’s revenue was down 5.1% compared to the same quarter last year. On average, analysts forecast that First American Financial will post 4.07 EPS for the current year.
First American Financial Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 9th were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 3.49%. The ex-dividend date was Monday, December 9th. First American Financial’s dividend payout ratio (DPR) 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.
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