Keefe, Bruyette & Woods Cuts First American Financial (NYSE:FAF) Price Target to $74.00

First American Financial (NYSE:FAF - Get Free Report) had its price objective dropped by equities research analysts at Keefe, Bruyette & Woods from $80.00 to $74.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage currently has a "market perform" rating on the insurance provider's stock. Keefe, Bruyette & Woods' price objective would indicate a potential upside of 23.23% from the stock's current price.

A number of other equities research analysts also recently commented on the company. 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 report on Friday, October 25th. Barclays upped their price target on First American Financial from $70.00 to $72.00 and gave the company an "equal weight" rating in a research note on Friday, October 25th. Finally, Stephens lifted 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. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $73.00.

First American Financial Price Performance

Shares of NYSE FAF traded down $0.47 during mid-day trading on Wednesday, hitting $60.05. The company's stock had a trading volume of 496,810 shares, compared to its average volume of 463,062. First American Financial has a one year low of $51.60 and a one year high of $70.92. The company's fifty day simple moving average is $65.06 and its 200-day simple moving average is $62.74. The stock has a market cap of $6.19 billion, a price-to-earnings ratio of 67.47 and a beta of 1.30.

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

Institutional Trading of First American Financial

Large investors have recently bought and sold shares of the business. Blossom Wealth Management boosted its holdings in shares of First American Financial by 2.4% in the third quarter. Blossom Wealth Management now owns 7,105 shares of the insurance provider's stock valued at $469,000 after buying an additional 165 shares during the period. Pacer Advisors Inc. lifted its position in First American Financial by 1.2% in the 2nd quarter. Pacer Advisors Inc. now owns 15,560 shares of the insurance provider's stock valued at $839,000 after acquiring an additional 187 shares in the last quarter. GAMMA Investing LLC boosted its stake in First American Financial by 34.9% in 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 period. Venturi Wealth Management LLC increased its holdings in 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 purchasing an additional 356 shares in the last quarter. Finally, KBC Group NV raised its stake in shares of First American Financial by 14.8% in the 3rd quarter. KBC Group NV now owns 3,095 shares of the insurance provider's stock valued at $204,000 after purchasing an additional 399 shares during the period. 89.05% of the stock is owned by institutional investors.

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.