Keefe, Bruyette & Woods Reiterates Market Perform Rating for First American Financial (NYSE:FAF)

First American Financial (NYSE:FAF - Get Free Report)'s stock had its "market perform" rating reiterated by investment analysts at Keefe, Bruyette & Woods in a research report issued to clients and investors on Tuesday, Marketbeat Ratings reports. They currently have a $80.00 target price on the insurance provider's stock. Keefe, Bruyette & Woods' price objective suggests a potential upside of 21.54% from the company's current price.

Several other equities research analysts have also issued reports on FAF. Truist Financial raised their target price on shares of First American Financial from $68.00 to $73.00 and gave the stock a "buy" rating in a report on Friday, October 25th. Stephens boosted their target price on First American Financial from $66.00 to $73.00 and gave the company an "overweight" rating in a research report on Friday, October 25th. Finally, Barclays upped 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. Two 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.com, the stock has an average rating of "Moderate Buy" and an average target price of $74.50.

First American Financial Stock Down 2.8 %

NYSE FAF traded down $1.91 during trading hours on Tuesday, hitting $65.82. 609,574 shares of the company were exchanged, compared to its average volume of 667,894. First American Financial has a 52 week low of $51.60 and a 52 week high of $70.92. The stock has a 50-day moving average price of $65.76 and a 200 day moving average price of $61.38. The stock has a market cap of $6.78 billion, a PE ratio of 76.10 and a beta of 1.30.

First American Financial (NYSE:FAF - Get Free Report) last released its earnings results on Wednesday, October 23rd. The insurance provider reported $1.34 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.19. The firm 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 company's revenue for the quarter was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.22 EPS. As a group, sell-side analysts anticipate that First American Financial will post 4.07 earnings per share for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Cetera Advisors LLC bought a new position in shares of First American Financial during the first quarter valued at approximately $457,000. CWM LLC increased its holdings in shares of First American Financial by 246.8% in the 2nd quarter. CWM LLC now owns 6,229 shares of the insurance provider's stock valued at $336,000 after acquiring an additional 4,433 shares during the period. SG Americas Securities LLC bought a new position in shares of First American Financial in the 2nd quarter worth $1,191,000. Wealth Enhancement Advisory Services LLC lifted its stake in shares of First American Financial by 12.9% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 11,663 shares of the insurance provider's stock worth $629,000 after purchasing an additional 1,336 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in First American Financial during the second quarter valued at about $243,000. 89.05% of the stock is currently owned by institutional investors.

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.