First American Financial (NYSE:FAF) Price Target Raised to $78.00

First American Financial (NYSE:FAF) had its price objective boosted by Stephens from $73.00 to $78.00 in a research note published on Friday morning,Benzinga reports. They currently have an overweight rating on the insurance provider’s stock.

Other analysts also recently issued research reports about the company. Truist Financial boosted their price objective on First American Financial from $68.00 to $73.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Keefe, Bruyette & Woods cut their target price on First American Financial from $80.00 to $74.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 8th. Finally, Barclays boosted their target price on First American Financial from $70.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, First American Financial has a consensus rating of “Moderate Buy” and an average price target of $74.25.

First American Financial Price Performance

NYSE:FAF opened at $63.77 on Friday. The business has a 50 day simple moving average of $62.73 and a 200 day simple moving average of $63.97. The firm has a market capitalization of $6.57 billion, a P/E ratio of 71.65 and a beta of 1.33. First American Financial has a 12-month low of $51.60 and a 12-month high of $70.92.

First American Financial (NYSE:FAF) last announced its earnings results on Wednesday, February 12th. The insurance provider reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.22. First American Financial had a return on equity of 7.95% and a net margin of 1.58%. Research analysts anticipate that First American Financial will post 4.07 EPS for the current fiscal year.

First American Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be paid a $0.54 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.16 dividend on an annualized basis and a yield of 3.39%. First American Financial’s dividend payout ratio (DPR) is currently 172.80%.

Institutional Trading of First American Financial

Large investors have recently made changes to their positions in the stock. UMB Bank n.a. boosted its stake in shares of First American Financial by 66.9% during the 4th quarter. UMB Bank n.a. now owns 524 shares of the insurance provider’s stock worth $33,000 after acquiring an additional 210 shares in the last quarter. Venturi Wealth Management LLC boosted its stake 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 worth $41,000 after acquiring an additional 356 shares in the last quarter. Jones Financial Companies Lllp lifted its position in shares of First American Financial by 57.6% during the 4th quarter. Jones Financial Companies Lllp now owns 670 shares of the insurance provider’s stock worth $42,000 after purchasing an additional 245 shares during the last quarter. Blue Trust Inc. lifted its position in shares of First American Financial by 214.2% during the 3rd quarter. Blue Trust Inc. now owns 1,021 shares of the insurance provider’s stock worth $67,000 after purchasing an additional 696 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of First American Financial by 34.9% during the 4th quarter. GAMMA Investing LLC now owns 1,071 shares of the insurance provider’s stock worth $67,000 after purchasing an additional 277 shares during the last quarter. Institutional investors own 89.05% of the company’s stock.

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.