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

Shares of First American Financial Co. (NYSE:FAF - Get Free Report) have earned an average recommendation of "Moderate Buy" from the five brokerages that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among analysts that have covered the stock in the last year is $72.50.

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

First American Financial Stock Down 1.0 %

NYSE:FAF traded down $0.69 during mid-day trading on Wednesday, reaching $68.92. The company's stock had a trading volume of 357,402 shares, compared to its average volume of 669,442. First American Financial has a 1 year low of $51.60 and a 1 year high of $70.92. The stock has a fifty day moving average of $65.49 and a 200-day moving average of $61.04. The firm has a market capitalization of $7.10 billion, a PE ratio of 78.21 and a beta of 1.30.

First American Financial (NYSE:FAF - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The insurance provider reported $1.34 earnings per share for the quarter, topping analysts' consensus estimates of $1.15 by $0.19. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.66 billion. First American Financial had a net margin of 1.58% and a return on equity of 7.95%. The firm's revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.22 earnings per share. On average, analysts expect that First American Financial will post 4.07 earnings per share for the current year.

First American Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors 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 dividend on an annualized basis and a yield of 3.13%. First American Financial's dividend payout ratio is currently 242.70%.

Institutional Investors Weigh In On First American Financial

A number of institutional investors have recently added to or reduced their stakes in FAF. Mather Group LLC. grew its stake in First American Financial by 99.1% in the 2nd quarter. Mather Group LLC. now owns 671 shares of the insurance provider's stock valued at $36,000 after acquiring an additional 334 shares during the period. GAMMA Investing LLC lifted its holdings in First American Financial by 56.9% in the 2nd quarter. GAMMA Investing LLC now owns 709 shares of the insurance provider's stock valued at $38,000 after purchasing an additional 257 shares in the last quarter. Venturi Wealth Management LLC lifted its holdings in First American Financial by 132.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 625 shares of the insurance provider's stock valued at $41,000 after purchasing an additional 356 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in First American Financial in the 2nd quarter valued at $47,000. Finally, Quarry LP lifted its holdings in First American Financial by 340.8% in the 2nd quarter. Quarry LP now owns 864 shares of the insurance provider's stock valued at $47,000 after purchasing an additional 668 shares in the last quarter. Institutional investors and hedge funds own 89.05% of the company's stock.

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.