First American Financial (NYSE:FAF) Price Target Raised to $75.00

First American Financial (NYSE:FAF) had its price target increased by Keefe, Bruyette & Woods from $74.00 to $75.00 in a research note released on Tuesday,Benzinga reports. The brokerage currently has a market perform rating on the insurance provider’s stock.

A number of other brokerages have also recently commented on FAF. Truist Financial increased their price target on First American Financial from $68.00 to $73.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Barclays boosted their target price 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. Finally, Stephens increased their target price on First American Financial from $73.00 to $78.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $74.50.

First American Financial Trading Down 2.3 %

FAF opened at $63.22 on Tuesday. The stock has a market capitalization of $6.51 billion, a P/E ratio of 50.58 and a beta of 1.33. First American Financial has a 12 month low of $51.60 and a 12 month high of $70.92. The firm’s fifty day simple moving average is $62.56 and its 200 day simple moving average is $64.02.

First American Financial (NYSE:FAF) last released its quarterly earnings data on Wednesday, February 12th. The insurance provider reported $1.35 earnings per share for the quarter, topping the consensus estimate of $1.13 by $0.22. First American Financial had a net margin of 2.14% and a return on equity of 9.35%. On average, equities research analysts predict that First American Financial will post 5.35 EPS for the current fiscal year.

First American Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 3.42%. The ex-dividend date is Monday, March 10th. First American Financial’s payout ratio is 172.80%.

Insider Transactions at First American Financial

In other news, Director Dennis J. Gilmore sold 111,971 shares of the business’s stock in a transaction that occurred on Friday, February 14th. The stock was sold at an average price of $63.60, for a total value of $7,121,355.60. Following the sale, the director now directly owns 494,574 shares of the company’s stock, valued at $31,454,906.40. The trade was a 18.46 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 3.70% of the company’s stock.

Hedge Funds Weigh In On First American Financial

Several hedge funds and other institutional investors have recently modified their holdings of the company. Forum Financial Management LP bought a new stake in First American Financial in the 4th quarter valued at $235,000. Public Employees Retirement System of Ohio raised its position in First American Financial by 1.1% during the 4th quarter. Public Employees Retirement System of Ohio now owns 36,697 shares of the insurance provider’s stock valued at $2,291,000 after purchasing an additional 389 shares in the last quarter. Burgundy Asset Management Ltd. increased its position in First American Financial by 2.4% during the 4th quarter. Burgundy Asset Management Ltd. now owns 161,257 shares of the insurance provider’s stock valued at $10,069,000 after purchasing an additional 3,850 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in First American Financial by 16.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 386,546 shares of the insurance provider’s stock worth $24,136,000 after buying an additional 53,633 shares during the period. Finally, iSAM Funds UK Ltd bought a new stake in First American Financial during the fourth quarter valued at about $977,000. 89.05% of the stock is 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.