First American Financial Co. (NYSE:FAF) Given Average Rating of "Moderate Buy" by Analysts

First American Financial Co. (NYSE:FAF - Get Free Report) has received an average rating of "Moderate Buy" from the five analysts that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $74.50.

A number of equities analysts have recently commented on the stock. 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. Keefe, Bruyette & Woods reissued a "market perform" rating and set a $80.00 target price on shares of First American Financial in a research report on Tuesday, December 10th. Barclays raised their price target 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. Finally, Stephens boosted their price objective on First American Financial from $66.00 to $73.00 and gave the stock an "overweight" rating in a research report on Friday, October 25th.

First American Financial Trading Down 1.4 %

NYSE FAF traded down $0.91 during trading on Friday, hitting $62.54. 312,824 shares of the company traded hands, compared to its average volume of 661,541. The company has a market capitalization of $6.44 billion, a P/E ratio of 70.27 and a beta of 1.30. The business has a fifty day simple moving average of $65.36 and a 200 day simple moving average of $62.26. First American Financial has a 12 month low of $51.60 and a 12 month high of $70.92.

First American Financial (NYSE:FAF - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The insurance provider reported $1.34 earnings per share for the quarter, beating analysts' consensus estimates of $1.15 by $0.19. The business had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.66 billion. First American Financial had a return on equity of 7.95% and a net margin of 1.58%. The firm's revenue was down 5.1% compared to the same quarter last year. During the same period last year, the business earned $1.22 EPS. Equities research analysts predict that First American Financial will post 4.07 EPS for the current fiscal year.

First American Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Shareholders of record on Monday, December 9th were given a $0.54 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $2.16 annualized dividend and a yield of 3.45%. First American Financial's dividend payout ratio is 242.70%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Barclays PLC increased its stake in First American Financial by 15.2% during the third 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. Geode Capital Management LLC grew its holdings in shares of First American Financial by 0.8% during the 3rd 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. Envestnet Asset Management Inc. grew its holdings in shares of First American Financial by 5.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 149,530 shares of the insurance provider's stock worth $8,067,000 after purchasing an additional 7,885 shares in the last quarter. Primoris Wealth Advisors LLC acquired a new position in shares of First American Financial in the third quarter valued at $1,584,000. Finally, Vaughan Nelson Investment Management L.P. lifted its position in First American Financial by 4.6% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,493,111 shares of the insurance provider's stock worth $98,560,000 after purchasing an additional 66,290 shares during the period. Institutional investors and hedge funds 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.