First American Financial (NYSE:FAF) Price Target Raised to $78.00

First American Financial (NYSE:FAF - Get Free Report) had its target price raised by Stephens from $73.00 to $78.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an "overweight" rating on the insurance provider's stock. Stephens' price objective indicates a potential upside of 21.63% from the company's current price.

A number of other equities research analysts also recently issued reports on FAF. Keefe, Bruyette & Woods reduced their price objective on shares of First American Financial from $80.00 to $74.00 and set a "market perform" rating on the stock in a research note on Wednesday, January 8th. Truist Financial increased their price target on shares of First American Financial from $68.00 to $73.00 and gave the stock a "buy" rating in a research report on Friday, October 25th. Finally, Barclays lifted their price objective on shares of 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. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $74.50.

First American Financial Price Performance

NYSE:FAF traded up $0.47 during trading hours on Friday, reaching $64.13. 586,762 shares of the company were exchanged, compared to its average volume of 455,005. The business has a 50 day moving average of $62.65 and a 200 day moving average of $64.00. First American Financial has a 1-year low of $51.60 and a 1-year high of $70.92. The company has a market capitalization of $6.61 billion, a P/E ratio of 72.05 and a beta of 1.33.

First American Financial (NYSE:FAF - Get Free Report) last released its earnings results on Wednesday, February 12th. The insurance provider reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.22. First American Financial had a return on equity of 7.95% and a net margin of 1.58%. As a group, equities research analysts anticipate that First American Financial will post 4.07 earnings per share for the current fiscal year.

Institutional Investors Weigh In On First American Financial

A number of hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. lifted its stake in First American Financial by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 10,625,017 shares of the insurance provider's stock valued at $663,426,000 after purchasing an additional 107,925 shares during the last quarter. FMR LLC increased its holdings in shares of First American Financial by 20.8% during the fourth quarter. FMR LLC now owns 6,046,743 shares of the insurance provider's stock worth $377,559,000 after buying an additional 1,042,145 shares in the last quarter. Ariel Investments LLC lifted its stake in shares of First American Financial by 9.9% in the 4th quarter. Ariel Investments LLC now owns 3,993,155 shares of the insurance provider's stock valued at $249,333,000 after acquiring an additional 359,777 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of First American Financial by 3.4% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,963,516 shares of the insurance provider's stock valued at $247,481,000 after acquiring an additional 129,863 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of First American Financial by 3.1% during the 4th quarter. Victory Capital Management Inc. now owns 2,573,788 shares of the insurance provider's stock valued at $160,707,000 after acquiring an additional 78,022 shares in the last quarter. 89.05% of the stock is currently owned by institutional investors and hedge funds.

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.