First American Financial Co. (NYSE:FAF) Receives Average Rating of “Moderate Buy” from Analysts

First American Financial Co. (NYSE:FAF) has been given an average rating of “Moderate Buy” by the five brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $69.00.

Several equities analysts have weighed in on FAF shares. Keefe, Bruyette & Woods boosted their target price on shares of First American Financial from $66.00 to $72.00 and gave the company an “outperform” rating in a report on Wednesday, September 4th. Stephens reissued an “overweight” rating and set a $66.00 target price on shares of First American Financial in a research note on Thursday, July 25th. Barclays boosted their price objective on shares of First American Financial from $61.00 to $70.00 and gave the company an “equal weight” rating in a report on Tuesday, October 8th. Finally, Truist Financial lifted their price target on shares of First American Financial from $65.00 to $68.00 and gave the company a “buy” rating in a research report on Friday, July 26th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Quadrature Capital Ltd grew its stake in shares of First American Financial by 56.1% in the fourth quarter. Quadrature Capital Ltd now owns 8,998 shares of the insurance provider’s stock worth $580,000 after acquiring an additional 3,232 shares in the last quarter. American National Bank purchased a new position in shares of First American Financial in the 1st quarter valued at about $61,000. Wealth Enhancement Advisory Services LLC grew its position in shares of First American Financial by 1.9% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 10,327 shares of the insurance provider’s stock worth $630,000 after buying an additional 193 shares in the last quarter. Tributary Capital Management LLC increased its stake in shares of First American Financial by 35.2% during the first quarter. Tributary Capital Management LLC now owns 7,300 shares of the insurance provider’s stock worth $446,000 after buying an additional 1,900 shares during the period. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in First American Financial by 9.0% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 1,340,491 shares of the insurance provider’s stock valued at $81,836,000 after acquiring an additional 111,197 shares in the last quarter. Institutional investors and hedge funds own 89.05% of the company’s stock.

First American Financial Price Performance

Shares of First American Financial stock opened at $65.57 on Tuesday. The business has a 50 day simple moving average of $63.86 and a two-hundred day simple moving average of $58.74. The stock has a market capitalization of $6.80 billion, a P/E ratio of 31.37 and a beta of 1.29. First American Financial has a 12 month low of $49.55 and a 12 month high of $67.88.

First American Financial (NYSE:FAF) last released its quarterly earnings data on Wednesday, July 24th. The insurance provider reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.14. The company had revenue of $1.61 billion during the quarter, compared to the consensus estimate of $1.62 billion. First American Financial had a net margin of 3.28% and a return on equity of 7.98%. First American Financial’s quarterly revenue was down 2.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.35 EPS. As a group, research analysts anticipate that First American Financial will post 3.89 EPS for the current fiscal year.

First American Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 20th were given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 3.29%. The ex-dividend date was Friday, September 20th. This is a boost from First American Financial’s previous quarterly dividend of $0.53. First American Financial’s dividend payout ratio is currently 103.35%.

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.