First American Financial’s (FAF) Market Perform Rating Reiterated at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reiterated their market perform rating on shares of First American Financial (NYSE:FAF) in a research report report published on Tuesday morning, Marketbeat Ratings reports. They currently have a $80.00 target price on the insurance provider’s stock.

FAF has been the topic of a number of other research reports. Truist Financial increased their price target 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. Barclays raised their target price on shares of First American Financial from $70.00 to $72.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Finally, Stephens boosted their price target on First American Financial from $66.00 to $73.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $74.50.

First American Financial Price Performance

Shares of NYSE:FAF opened at $65.52 on Tuesday. The company’s 50-day moving average price is $65.75 and its two-hundred day moving average price is $61.51. The stock has a market capitalization of $6.75 billion, a PE ratio of 73.62 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 posted its quarterly earnings results on Wednesday, October 23rd. The insurance provider reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate 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 period in the prior year, the firm posted $1.22 earnings per share. The company’s quarterly revenue was down 5.1% compared to the same quarter last year. On average, analysts anticipate that First American Financial will post 4.07 earnings per share for the current fiscal year.

First American Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 9th will be paid a $0.54 dividend. The ex-dividend date is Monday, December 9th. This represents a $2.16 annualized dividend and a dividend yield of 3.30%. First American Financial’s payout ratio is 242.70%.

Hedge Funds Weigh In On First American Financial

A number of institutional investors have recently added to or reduced their stakes in FAF. Sanctuary Advisors LLC boosted its position in First American Financial by 57.8% during the 3rd quarter. Sanctuary Advisors LLC now owns 6,669 shares of the insurance provider’s stock worth $451,000 after buying an additional 2,442 shares during the period. Sunbelt Securities Inc. bought a new stake in shares of First American Financial during the 3rd quarter valued at about $75,000. Geode Capital Management LLC increased its holdings in First American Financial by 0.8% in the third quarter. Geode Capital Management LLC now owns 1,700,903 shares of the insurance provider’s stock worth $112,306,000 after purchasing an additional 12,668 shares in the last quarter. Barclays PLC lifted its position in shares of First American Financial by 15.2% during the 3rd quarter. Barclays PLC now owns 60,821 shares of the insurance provider’s stock valued at $4,016,000 after acquiring an additional 8,047 shares during the period. Finally, MML Investors Services LLC raised its holdings in shares of First American Financial by 10.0% during the third quarter. MML Investors Services LLC now owns 6,806 shares of the insurance provider’s stock valued at $449,000 after purchasing an additional 617 shares during the period. 89.05% of the stock is currently 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.