First American Financial Co. (NYSE:FAF) Receives Consensus Rating of "Moderate Buy" from Analysts

First American Financial Co. (NYSE:FAF - Get Free Report) has received a consensus rating of "Moderate Buy" from the five ratings firms that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $72.50.

Several analysts have recently issued reports on FAF shares. Truist Financial upped their price objective on 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 increased their price target on shares of First American Financial from $66.00 to $73.00 and gave the stock an "overweight" rating in a research report on Friday, October 25th. Barclays increased 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. Finally, Keefe, Bruyette & Woods raised their price target on shares of First American Financial from $66.00 to $72.00 and gave the stock an "outperform" rating in a report on Wednesday, September 4th.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its stake in 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. Boston Partners lifted its stake in shares of First American Financial by 13.3% during the first quarter. Boston Partners now owns 4,074,181 shares of the insurance provider's stock valued at $248,237,000 after buying an additional 479,618 shares during the period. Dimensional Fund Advisors LP grew its holdings in First American Financial by 16.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,647,709 shares of the insurance provider's stock valued at $196,793,000 after buying an additional 515,710 shares during the period. Ariel Investments LLC raised its position in shares of First American Financial by 2.8% in the 2nd quarter. Ariel Investments LLC now owns 3,609,697 shares of the insurance provider's stock worth $194,743,000 after buying an additional 97,158 shares during the period. Finally, Victory Capital Management Inc. grew its holdings in shares of First American Financial by 19.4% during the 3rd quarter. Victory Capital Management Inc. now owns 2,495,766 shares of the insurance provider's stock worth $164,746,000 after purchasing an additional 405,146 shares during the period. 89.05% of the stock is currently owned by institutional investors and hedge funds.

First American Financial Trading Up 2.8 %

FAF stock traded up $1.74 during midday trading on Friday, reaching $64.23. The stock had a trading volume of 590,117 shares, compared to its average volume of 702,144. The company's fifty day simple moving average is $64.82 and its 200 day simple moving average is $59.56. The company has a market cap of $6.62 billion, a price-to-earnings ratio of 72.19 and a beta of 1.29. First American Financial has a 52-week low of $51.60 and a 52-week high of $67.88.

First American Financial (NYSE:FAF - Get Free Report) last posted its earnings results on Wednesday, October 23rd. The insurance provider reported $1.34 EPS for the quarter, topping analysts' consensus estimates of $1.15 by $0.19. The business had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.66 billion. First American Financial had a return on equity of 7.95% and a net margin of 1.58%. The business's revenue was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.22 earnings per share. Sell-side analysts predict that First American Financial will post 3.99 EPS for the current year.

First American Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 9th will be given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend is Monday, December 9th. First American Financial's dividend payout ratio is presently 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.