First American Financial (NYSE:FAF) Posts Earnings Results

First American Financial (NYSE:FAF) issued its quarterly earnings data on Thursday. The insurance provider reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.22), Briefing.com reports. The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.42 billion. First American Financial had a net margin of 3.64% and a return on equity of 8.18%. The firm’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.49 earnings per share.

First American Financial Trading Down 0.1 %

Shares of FAF traded down $0.05 during mid-day trading on Friday, reaching $54.22. 851,775 shares of the stock traded hands, compared to its average volume of 660,268. The company has a market cap of $5.62 billion, a price-to-earnings ratio of 25.94 and a beta of 1.28. First American Financial has a 1 year low of $49.55 and a 1 year high of $65.54. The firm has a fifty day moving average price of $57.50 and a 200 day moving average price of $58.27.

First American Financial Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Friday, March 8th were paid a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 3.91%. The ex-dividend date of this dividend was Thursday, March 7th. First American Financial’s dividend payout ratio is presently 101.44%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on FAF shares. Stephens reiterated an “overweight” rating and issued a $72.00 target price on shares of First American Financial in a research note on Thursday. TheStreet downgraded shares of First American Financial from a “b-” rating to a “c+” rating in a report on Tuesday, March 12th. Keefe, Bruyette & Woods upgraded shares of First American Financial from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $66.00 to $69.00 in a research note on Thursday, March 21st. Finally, Deutsche Bank Aktiengesellschaft began coverage on First American Financial in a report on Wednesday, January 10th. They set a “buy” rating for the company. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $67.75.

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.