First American Financial (NYSE:FAF) Earns “Market Perform” Rating from Keefe, Bruyette & Woods

First American Financial (NYSE:FAF)‘s stock had its “market perform” rating reaffirmed by equities research analysts at Keefe, Bruyette & Woods in a note issued to investors on Tuesday, Marketbeat.com reports. They presently have a $80.00 target price on the insurance provider’s stock. Keefe, Bruyette & Woods’ price target would suggest a potential upside of 18.12% from the stock’s current price.

Several other equities research analysts have also recently weighed in on FAF. Truist Financial upped their price objective 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. Stephens increased their price target on shares of First American Financial from $66.00 to $73.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Finally, Barclays boosted 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 report on Friday, October 25th. Two research 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, First American Financial has a consensus rating of “Moderate Buy” and an average price target of $74.50.

First American Financial Stock Down 0.8 %

NYSE FAF opened at $67.73 on Tuesday. First American Financial has a 12-month low of $51.60 and a 12-month high of $70.92. The firm has a 50-day moving average price of $65.76 and a two-hundred day moving average price of $61.38. The company has a market capitalization of $6.98 billion, a P/E ratio of 76.10 and a beta of 1.30.

First American Financial (NYSE:FAF) last issued its quarterly earnings results on Wednesday, October 23rd. The insurance provider reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.22 earnings per share. Equities analysts expect that First American Financial will post 4.07 EPS for the current year.

Institutional Investors Weigh In On First American Financial

A number of institutional investors have recently added to or reduced their stakes in FAF. Wellington Management Group LLP acquired a new position in shares of First American Financial during the third quarter worth $95,638,000. ArrowMark Colorado Holdings LLC bought a new position in First American Financial during the 3rd quarter worth $43,431,000. Holocene Advisors LP acquired a new position in First American Financial during the 3rd quarter worth about $36,803,000. Dimensional Fund Advisors LP grew its position in shares of First American Financial by 16.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,647,709 shares of the insurance provider’s stock valued at $196,793,000 after buying an additional 515,710 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. increased its stake in shares of First American Financial by 83.1% in the third quarter. Jacobs Levy Equity Management Inc. now owns 893,216 shares of the insurance provider’s stock valued at $58,961,000 after buying an additional 405,487 shares during the period. 89.05% of the stock is owned by institutional investors.

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.