Zacks Research Has Bullish Estimate for FAF Q4 Earnings

First American Financial Co. (NYSE:FAF) – Investment analysts at Zacks Research increased their Q4 2024 earnings estimates for shares of First American Financial in a research report issued to clients and investors on Wednesday, November 13th. Zacks Research analyst T. De now expects that the insurance provider will post earnings of $1.03 per share for the quarter, up from their previous estimate of $1.01. The consensus estimate for First American Financial’s current full-year earnings is $4.04 per share. Zacks Research also issued estimates for First American Financial’s Q1 2025 earnings at $0.87 EPS, Q2 2025 earnings at $1.61 EPS, Q3 2025 earnings at $1.62 EPS, Q4 2025 earnings at $1.17 EPS, FY2025 earnings at $5.27 EPS, Q1 2026 earnings at $0.94 EPS, Q2 2026 earnings at $2.04 EPS and Q3 2026 earnings at $0.57 EPS.

A number of other analysts have also weighed in on FAF. Stephens upped their target price on shares of First American Financial from $66.00 to $73.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Barclays increased their price target on shares of First American Financial from $70.00 to $72.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Truist Financial raised their target price 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. Finally, Keefe, Bruyette & Woods increased their price target on First American Financial from $66.00 to $72.00 and gave the stock an “outperform” rating in a report on Wednesday, September 4th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, First American Financial currently has a consensus rating of “Moderate Buy” and an average price target of $72.50.

First American Financial Stock Performance

FAF stock opened at $66.31 on Monday. The company’s 50 day moving average price is $64.82 and its 200 day moving average price is $60.11. First American Financial has a fifty-two week low of $51.60 and a fifty-two week high of $67.88. The firm has a market capitalization of $6.83 billion, a price-to-earnings ratio of 74.51 and a beta of 1.29.

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 the consensus estimate of $1.15 by $0.19. First American Financial had a net margin of 1.58% and a return on equity of 7.95%. The business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter in the prior year, the company earned $1.22 earnings per share. The business’s quarterly revenue was down 5.1% on a year-over-year basis.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in First American Financial by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 10,567,038 shares of the insurance provider’s stock worth $645,118,000 after purchasing an additional 431,089 shares in the last quarter. Boston Partners lifted its position in First American Financial by 13.3% during the 1st quarter. Boston Partners now owns 4,074,181 shares of the insurance provider’s stock worth $248,237,000 after acquiring an additional 479,618 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in First American Financial by 16.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,647,709 shares of the insurance provider’s stock worth $196,793,000 after acquiring an additional 515,710 shares in the last quarter. Ariel Investments LLC raised its position in shares of First American Financial by 2.8% in the 2nd quarter. Ariel Investments LLC now owns 3,609,697 shares of the insurance provider’s stock valued at $194,743,000 after purchasing an additional 97,158 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of First American Financial by 19.4% in the 3rd quarter. Victory Capital Management Inc. now owns 2,495,766 shares of the insurance provider’s stock valued at $164,746,000 after purchasing an additional 405,146 shares in the last quarter. Hedge funds and other institutional investors own 89.05% of the company’s stock.

First American Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 9th will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date is Monday, December 9th. First American Financial’s dividend payout ratio (DPR) is currently 242.70%.

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.