First American Financial Co. (NYSE:FAF) Receives $69.00 Consensus PT from Analysts

Shares of First American Financial Co. (NYSE:FAF) have been assigned an average rating of “Moderate Buy” from the five analysts that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $69.00.

FAF has been the subject of a number of research analyst reports. Stephens reiterated an “overweight” rating and issued a $66.00 price target on shares of First American Financial in a research note on Thursday, July 25th. Truist Financial lifted their price objective on shares of First American Financial from $65.00 to $68.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Keefe, Bruyette & Woods lifted their target price on First American Financial from $66.00 to $72.00 and gave the stock an “outperform” rating in a report on Wednesday, September 4th. Finally, Barclays increased their price objective on shares of First American Financial from $61.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 8th.

First American Financial Trading Down 0.6 %

Shares of NYSE:FAF opened at $67.20 on Tuesday. The company has a market capitalization of $6.97 billion, a PE ratio of 32.03 and a beta of 1.29. First American Financial has a 12-month low of $49.55 and a 12-month high of $67.88. The business’s fifty day simple moving average is $64.17 and its 200-day simple moving average is $58.84.

First American Financial (NYSE:FAF) last issued its quarterly earnings data on Wednesday, July 24th. The insurance provider reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.13 by $0.14. First American Financial had a net margin of 3.28% and a return on equity of 7.98%. The firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the previous year, the firm earned $1.35 EPS. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. Research analysts predict 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 was paid on Friday, September 27th. Stockholders of record on Friday, September 20th were given a dividend of $0.54 per share. This is a positive change from First American Financial’s previous quarterly dividend of $0.53. The ex-dividend date of this dividend was Friday, September 20th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.21%. First American Financial’s dividend payout ratio (DPR) is 103.35%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Dimensional Fund Advisors LP lifted its stake in shares of First American Financial by 16.5% in the second quarter. Dimensional Fund Advisors LP now owns 3,647,709 shares of the insurance provider’s stock worth $196,793,000 after buying an additional 515,710 shares in the last quarter. Boston Partners boosted its position in shares of First American Financial by 13.3% during the 1st quarter. Boston Partners now owns 4,074,181 shares of the insurance provider’s stock valued at $248,237,000 after acquiring an additional 479,618 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of First American Financial by 4.3% in the first quarter. Vanguard Group Inc. now owns 10,567,038 shares of the insurance provider’s stock valued at $645,118,000 after purchasing an additional 431,089 shares during the period. Reinhart Partners LLC. increased its position in First American Financial by 65.8% during the second quarter. Reinhart Partners LLC. now owns 943,755 shares of the insurance provider’s stock worth $50,916,000 after purchasing an additional 374,662 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in First American Financial by 245.1% during the second quarter. AQR Capital Management LLC now owns 419,995 shares of the insurance provider’s stock worth $22,659,000 after purchasing an additional 298,302 shares during the period. 89.05% of the stock is owned by hedge funds and other institutional investors.

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.