Keefe, Bruyette & Woods Forecasts Strong Price Appreciation for First American Financial (NYSE:FAF) Stock

First American Financial (NYSE:FAF - Get Free Report) had its price objective upped by equities researchers at Keefe, Bruyette & Woods from $74.00 to $75.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a "market perform" rating on the insurance provider's stock. Keefe, Bruyette & Woods' price objective indicates a potential upside of 18.22% from the stock's current price.

A number of other brokerages have also issued reports on FAF. Barclays raised their price target on First American Financial from $70.00 to $72.00 and gave the stock an "equal weight" rating in a research note on Friday, October 25th. Stephens raised their price target on First American Financial from $73.00 to $78.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. Finally, Truist Financial raised their price target 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. 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, the company currently has a consensus rating of "Moderate Buy" and an average target price of $74.50.

First American Financial Stock Up 0.4 %

Shares of FAF traded up $0.25 during trading hours on Tuesday, reaching $63.44. 840,769 shares of the company traded hands, compared to its average volume of 413,183. The stock has a market capitalization of $6.53 billion, a PE ratio of 50.75 and a beta of 1.33. First American Financial has a fifty-two week low of $51.60 and a fifty-two week high of $70.92. The stock has a fifty day simple moving average of $62.52 and a 200 day simple moving average of $64.04.

First American Financial (NYSE:FAF - Get Free Report) last posted its quarterly earnings data on Wednesday, February 12th. The insurance provider reported $1.35 EPS for the quarter, beating analysts' consensus estimates of $1.13 by $0.22. First American Financial had a return on equity of 9.35% and a net margin of 2.14%. Research analysts predict that First American Financial will post 5.35 EPS for the current fiscal year.

Insider Transactions at First American Financial

In other news, Director Dennis J. Gilmore sold 111,971 shares of the firm's stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $63.60, for a total value of $7,121,355.60. Following the transaction, the director now directly owns 494,574 shares in the company, valued at $31,454,906.40. This trade represents a 18.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 3.70% of the company's stock.

Institutional Investors Weigh In On First American Financial

Several hedge funds have recently modified their holdings of FAF. UMB Bank n.a. raised its holdings 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 valued at $33,000 after buying an additional 210 shares during the period. Venturi Wealth Management LLC raised its holdings 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 valued at $41,000 after buying an additional 356 shares during the period. Jones Financial Companies Lllp raised its holdings 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 valued at $42,000 after buying an additional 245 shares during the period. Blue Trust Inc. raised its holdings 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 valued at $67,000 after buying an additional 696 shares during the period. Finally, GAMMA Investing LLC raised its holdings 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 valued at $67,000 after buying an additional 277 shares during the period. 89.05% of the stock is currently owned by hedge funds and other 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.