Zacks Research Issues Positive Estimate for FAF Earnings

First American Financial Co. (NYSE:FAF - Free Report) - Investment analysts at Zacks Research boosted their Q4 2024 earnings per share estimates for shares of First American Financial in a report released on Wednesday, November 13th. Zacks Research analyst T. De now expects that the insurance provider will post earnings per share of $1.03 for the quarter, up from their prior estimate of $1.01. The consensus estimate for First American Financial's current full-year earnings is $4.04 per share. Zacks Research also issued estimates for First American Financial's Q1 2025 earnings at $0.87 EPS, Q2 2025 earnings at $1.61 EPS, Q3 2025 earnings at $1.62 EPS, Q4 2025 earnings at $1.17 EPS, FY2025 earnings at $5.27 EPS, Q1 2026 earnings at $0.94 EPS, Q2 2026 earnings at $2.04 EPS and Q3 2026 earnings at $0.57 EPS.

FAF has been the subject of a number of other research reports. Barclays upped their target price on First American Financial from $70.00 to $72.00 and gave the stock an "equal weight" rating in a report on Friday, October 25th. Truist Financial raised their target price 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. Keefe, Bruyette & Woods raised their target price on First American Financial from $66.00 to $72.00 and gave the stock an "outperform" rating in a research note on Wednesday, September 4th. Finally, Stephens increased their price target on First American Financial from $66.00 to $73.00 and gave the stock an "overweight" rating in a research report on Friday, October 25th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $72.50.

First American Financial Price Performance

Shares of FAF traded up $0.20 during mid-day trading on Monday, reaching $65.18. 227,567 shares of the company's stock traded hands, compared to its average volume of 672,064. First American Financial has a 12 month low of $51.60 and a 12 month high of $67.88. The stock has a market cap of $6.71 billion, a P/E ratio of 73.01 and a beta of 1.29. The stock's 50-day moving average is $64.79 and its two-hundred day moving average is $59.95.

First American Financial (NYSE:FAF - Get Free Report) last announced its quarterly earnings data on Wednesday, October 23rd. The insurance provider reported $1.34 EPS for the quarter, beating the consensus estimate of $1.15 by $0.19. The business 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 business's revenue was down 5.1% on a year-over-year basis. During the same period in the previous year, the business earned $1.22 earnings per share.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Mather Group LLC. lifted its stake in First American Financial by 99.1% in the 2nd quarter. Mather Group LLC. now owns 671 shares of the insurance provider's stock worth $36,000 after purchasing an additional 334 shares in the last quarter. GAMMA Investing LLC raised its position 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 during the period. Venturi Wealth Management LLC raised its position 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. Ashton Thomas Private Wealth LLC purchased a new stake in shares of First American Financial during the 2nd quarter valued at approximately $47,000. Finally, Quarry LP raised its position in shares of First American Financial by 340.8% during 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 during the period. 89.05% of the stock is owned by hedge funds and other institutional investors.

First American Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 9th will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend is Monday, December 9th. First American Financial's dividend payout ratio (DPR) is 242.70%.

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.