Stephens Boosts First American Financial (NYSE:FAF) Price Target to $73.00

First American Financial (NYSE:FAF - Get Free Report) had its price objective boosted by Stephens from $66.00 to $73.00 in a research report issued to clients and investors on Friday, Benzinga reports. The firm currently has an "overweight" rating on the insurance provider's stock. Stephens' price target indicates a potential upside of 15.36% from the company's current price.

FAF has been the topic of several other research reports. Keefe, Bruyette & Woods lifted their target price on shares of First American Financial from $66.00 to $72.00 and gave the stock an "outperform" rating in a research report on Wednesday, September 4th. Barclays boosted their price objective on First American Financial from $70.00 to $72.00 and gave the stock an "equal weight" rating in a research report on Friday. Finally, Truist Financial raised their target price on First American Financial from $68.00 to $73.00 and gave the company a "buy" rating in a research report on Friday. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $72.50.

First American Financial Price Performance

Shares of NYSE FAF traded down $0.66 during mid-day trading on Friday, reaching $63.28. 550,624 shares of the company's stock traded hands, compared to its average volume of 675,628. First American Financial has a 1-year low of $49.55 and a 1-year high of $67.88. The stock has a market cap of $6.56 billion, a P/E ratio of 30.28 and a beta of 1.29. The business has a 50-day simple moving average of $64.71 and a 200 day simple moving average of $59.08.

First American Financial (NYSE:FAF - Get Free Report) last issued its quarterly earnings data on Wednesday, October 23rd. The insurance provider reported $1.34 EPS for the quarter, topping analysts' consensus estimates of $1.15 by $0.19. The firm had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.66 billion. First American Financial had a return on equity of 7.98% and a net margin of 3.28%. The company's revenue for the quarter was down 5.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.22 EPS. Equities research analysts anticipate that First American Financial will post 3.89 earnings per share for the current fiscal year.

Institutional Trading of First American Financial

Several hedge funds have recently made changes to their positions in FAF. Mather Group LLC. lifted its holdings in First American Financial by 99.1% during the second quarter. Mather Group LLC. now owns 671 shares of the insurance provider's stock valued at $36,000 after purchasing an additional 334 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of First American Financial by 56.9% during the 2nd quarter. GAMMA Investing LLC now owns 709 shares of the insurance provider's stock valued at $38,000 after buying an additional 257 shares in the last quarter. Abich Financial Wealth Management LLC boosted its holdings in First American Financial by 56.5% in the 1st quarter. Abich Financial Wealth Management LLC now owns 798 shares of the insurance provider's stock worth $49,000 after buying an additional 288 shares during the period. Quarry LP grew its stake 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 buying an additional 668 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC bought a new stake in First American Financial during the 2nd quarter valued at $47,000. 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.