Brokerages Set First American Financial Co. (NYSE:FAF) Price Target at $72.50

Shares of First American Financial Co. (NYSE:FAF) have been given a consensus rating of “Moderate Buy” by the five brokerages that are currently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among brokers that have covered the stock in the last year is $72.50.

FAF has been the topic of several recent analyst reports. Keefe, Bruyette & Woods boosted their target price on shares of First American Financial from $66.00 to $72.00 and gave the company an “outperform” rating in a report on Wednesday, September 4th. Truist Financial lifted their price target on shares of First American Financial from $68.00 to $73.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Stephens raised their target price on First American Financial from $66.00 to $73.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Finally, Barclays lifted their target price on First American Financial from $70.00 to $72.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th.

First American Financial Stock Performance

NYSE:FAF opened at $68.83 on Wednesday. The stock has a 50 day moving average price of $65.72 and a 200 day moving average price of $61.22. The stock has a market cap of $7.09 billion, a PE ratio of 77.34 and a beta of 1.30. First American Financial has a one year low of $51.60 and a one year high of $70.92.

First American Financial (NYSE:FAF) last issued 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 return on equity of 7.95% and a net margin of 1.58%. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same period last year, the company earned $1.22 EPS. The company’s revenue for the quarter was down 5.1% on a year-over-year basis. As a group, analysts predict that First American Financial will post 4.07 earnings per share for the current fiscal year.

First American Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 9th will be issued a $0.54 dividend. The ex-dividend date is Monday, December 9th. This represents a $2.16 annualized dividend and a yield of 3.14%. First American Financial’s dividend payout ratio (DPR) is presently 242.70%.

Institutional Investors Weigh In On First American Financial

A number of institutional investors have recently modified their holdings of the company. Blossom Wealth Management boosted its holdings in First American Financial by 2.4% during the 3rd quarter. Blossom Wealth Management now owns 7,105 shares of the insurance provider’s stock valued at $469,000 after acquiring an additional 165 shares during the period. Custom Index Systems LLC grew its holdings in shares of First American Financial by 2.3% in the second quarter. Custom Index Systems LLC now owns 8,218 shares of the insurance provider’s stock valued at $443,000 after purchasing an additional 182 shares in the last quarter. Pacer Advisors Inc. increased its stake in First American Financial by 1.2% during the 2nd quarter. Pacer Advisors Inc. now owns 15,560 shares of the insurance provider’s stock worth $839,000 after buying an additional 187 shares during the period. GAMMA Investing LLC lifted its holdings in First American Financial by 56.9% during the 2nd quarter. GAMMA Investing LLC now owns 709 shares of the insurance provider’s stock worth $38,000 after buying an additional 257 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC boosted its position in First American Financial by 1.1% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 25,897 shares of the insurance provider’s stock valued at $1,397,000 after buying an additional 284 shares during the period. 89.05% of the stock is 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.