Brokerages Set First American Financial Co. (NYSE:FAF) PT at $72.50

First American Financial Co. (NYSE:FAF) has earned an average recommendation of “Moderate Buy” from the five brokerages that are covering the firm, 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 12 month price objective among brokerages that have covered the stock in the last year is $72.50.

A number of research analysts have commented on FAF shares. Stephens upped their price objective on First American Financial from $66.00 to $73.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Truist Financial upped 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, October 25th. Barclays upped their target price on 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, Keefe, Bruyette & Woods upped their price objective on First American Financial from $66.00 to $72.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 4th.

First American Financial Price Performance

NYSE:FAF opened at $64.17 on Friday. First American Financial has a fifty-two week low of $51.60 and a fifty-two week high of $67.88. The stock has a market capitalization of $6.61 billion, a PE ratio of 72.10 and a beta of 1.29. The business’s 50-day simple moving average is $64.80 and its 200-day simple moving average is $59.75.

First American Financial (NYSE:FAF) last released its earnings results 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 firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations 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 quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.22 EPS. On average, research analysts expect that First American Financial will post 3.99 earnings per share for the current year.

First American Financial Dividend Announcement

The company also recently disclosed 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. The ex-dividend date is Monday, December 9th. This represents a $2.16 dividend on an annualized basis and a yield of 3.37%. First American Financial’s dividend payout ratio (DPR) is presently 242.70%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Venturi Wealth Management LLC lifted its holdings in First American Financial by 132.3% during the third quarter. Venturi Wealth Management LLC now owns 625 shares of the insurance provider’s stock worth $41,000 after acquiring an additional 356 shares during the period. Mather Group LLC. increased its position in First American Financial by 99.1% in the second quarter. Mather Group LLC. now owns 671 shares of the insurance provider’s stock worth $36,000 after buying an additional 334 shares during the last quarter. GAMMA Investing LLC increased its position in First American Financial by 56.9% in the second quarter. GAMMA Investing LLC now owns 709 shares of the insurance provider’s stock worth $38,000 after buying an additional 257 shares during the last quarter. Abich Financial Wealth Management LLC increased its position in First American Financial by 56.5% in the first 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 last quarter. Finally, Quarry LP grew its position in shares of First American Financial by 340.8% in the second quarter. Quarry LP now owns 864 shares of the insurance provider’s stock valued at $47,000 after purchasing an additional 668 shares in the last quarter. Institutional investors own 89.05% of the company’s stock.

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.