Zacks Research Issues Positive Estimate for FAF Earnings

First American Financial Co. (NYSE:FAF) – Research analysts at Zacks Research lifted their Q4 2024 earnings per share (EPS) estimates for First American Financial in a note issued to investors on Wednesday, November 13th. Zacks Research analyst T. De now expects that the insurance provider will post earnings per share of $1.03 for the quarter, up from their prior forecast of $1.01. The consensus estimate for First American Financial’s current full-year earnings is $4.04 per share. Zacks Research also issued estimates for First American Financial’s Q1 2025 earnings at $0.87 EPS, Q2 2025 earnings at $1.61 EPS, Q3 2025 earnings at $1.62 EPS, Q4 2025 earnings at $1.17 EPS, FY2025 earnings at $5.27 EPS, Q1 2026 earnings at $0.94 EPS, Q2 2026 earnings at $2.04 EPS and Q3 2026 earnings at $0.57 EPS.

Other analysts also recently issued reports about the company. Barclays raised their target price on First American Financial from $70.00 to $72.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Truist Financial upped their target price on First American Financial from $68.00 to $73.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Keefe, Bruyette & Woods increased 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, 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 report on Friday, October 25th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $72.50.

First American Financial Stock Up 0.2 %

First American Financial stock opened at $64.98 on Monday. The company has a market capitalization of $6.69 billion, a PE ratio of 73.01 and a beta of 1.29. The firm’s fifty day moving average is $64.79 and its 200 day moving average is $59.95. First American Financial has a 12-month low of $51.60 and a 12-month high of $67.88.

First American Financial (NYSE:FAF) last posted its quarterly earnings data on Wednesday, October 23rd. The insurance provider reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.19. The company had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.66 billion. First American Financial had a net margin of 1.58% and a return on equity of 7.95%. First American Financial’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.22 earnings per share.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in FAF. Mather Group LLC. increased its stake in First American Financial by 99.1% in the 2nd quarter. Mather Group LLC. now owns 671 shares of the insurance provider’s stock worth $36,000 after acquiring an additional 334 shares during the last quarter. GAMMA Investing LLC raised its stake in First American Financial by 56.9% in the second quarter. GAMMA Investing LLC now owns 709 shares of the insurance provider’s stock valued at $38,000 after purchasing an additional 257 shares in the last quarter. Venturi Wealth Management LLC lifted its position in First American Financial by 132.3% during the third 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 purchased a new position in First American Financial in the 2nd quarter worth approximately $47,000. Finally, Quarry LP increased its holdings in shares of First American Financial by 340.8% in the 2nd 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. Institutional investors own 89.05% of the company’s stock.

First American Financial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 9th will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 3.32%. The ex-dividend date is Monday, December 9th. First American Financial’s payout ratio is 242.70%.

About First American Financial

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.