First American Financial Co. (NYSE:FAF – Get Free Report) has been given an average recommendation of “Moderate Buy” by the five brokerages that are presently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $69.00.
Several analysts have recently issued reports on FAF shares. Barclays increased their price target on shares of First American Financial from $61.00 to $70.00 and gave the stock an “equal weight” rating in a research report on Tuesday, October 8th. Keefe, Bruyette & Woods raised their price target on shares of First American Financial from $66.00 to $72.00 and gave the company an “outperform” rating in a research report on Wednesday, September 4th. Stephens reaffirmed an “overweight” rating and set a $66.00 price objective on shares of First American Financial in a research report on Thursday, July 25th. Finally, Truist Financial lifted their target price on First American Financial from $65.00 to $68.00 and gave the company a “buy” rating in a report on Friday, July 26th.
View Our Latest Analysis on FAF
Hedge Funds Weigh In On First American Financial
First American Financial Stock Down 0.5 %
Shares of NYSE FAF opened at $66.89 on Tuesday. The business’s 50 day moving average is $64.44 and its two-hundred day moving average is $58.94. First American Financial has a 52-week low of $49.55 and a 52-week high of $67.88. The firm has a market cap of $6.94 billion, a price-to-earnings ratio of 32.00 and a beta of 1.29.
First American Financial (NYSE:FAF – Get Free Report) last posted its quarterly earnings data on Wednesday, July 24th. The insurance provider reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.14. First American Financial had a return on equity of 7.98% and a net margin of 3.28%. The firm had revenue of $1.61 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same quarter in the previous year, the business earned $1.35 EPS. The company’s quarterly revenue was down 2.1% compared to the same quarter last year. Analysts anticipate that First American Financial will post 3.89 EPS for the current fiscal year.
First American Financial Increases Dividend
The company also recently disclosed 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 is a boost from First American Financial’s previous quarterly dividend of $0.53. This represents a $2.16 annualized dividend and a dividend yield of 3.23%. The ex-dividend date of this dividend was Friday, September 20th. First American Financial’s payout ratio is 103.35%.
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.
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