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

First American Financial Co. (NYSE:FAF) has been assigned a consensus rating of “Moderate Buy” from the five brokerages that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $72.50.

FAF has been the subject of several recent analyst reports. Barclays lifted their price objective on shares of First American Financial from $70.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Keefe, Bruyette & Woods boosted their target price on First American Financial from $66.00 to $72.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 4th. Truist Financial increased their price target on shares of First American Financial from $68.00 to $73.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Stephens boosted their price objective on shares of First American Financial from $66.00 to $73.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th.

First American Financial Price Performance

FAF opened at $64.97 on Friday. The stock has a market capitalization of $6.69 billion, a price-to-earnings ratio of 73.00 and a beta of 1.29. The business has a fifty day moving average price of $64.79 and a 200 day moving average price of $59.86. First American Financial has a 12 month low of $51.60 and a 12 month high of $67.88.

First American Financial (NYSE:FAF) last issued its earnings results on Wednesday, October 23rd. The insurance provider reported $1.34 earnings per share for the quarter, beating 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 firm had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.66 billion. During the same quarter last year, the company earned $1.22 earnings per share. The firm’s revenue was down 5.1% compared to the same quarter last year. On average, research analysts anticipate that First American Financial will post 3.99 earnings per share for the current year.

First American Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 9th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Monday, December 9th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.32%. First American Financial’s dividend payout ratio (DPR) is presently 242.70%.

Institutional Trading of First American Financial

Several institutional investors and hedge funds have recently bought and sold shares of the business. Blossom Wealth Management increased its stake in First American Financial by 2.4% in the third quarter. Blossom Wealth Management now owns 7,105 shares of the insurance provider’s stock valued at $469,000 after purchasing an additional 165 shares during the period. Custom Index Systems LLC increased its position in First American Financial by 2.3% in the 2nd quarter. Custom Index Systems LLC now owns 8,218 shares of the insurance provider’s stock valued at $443,000 after acquiring an additional 182 shares during the period. Pacer Advisors Inc. raised its stake in First American Financial by 1.2% during the 2nd quarter. Pacer Advisors Inc. now owns 15,560 shares of the insurance provider’s stock valued at $839,000 after acquiring an additional 187 shares during the last quarter. Bessemer Group Inc. lifted its position in First American Financial by 4.9% during the 1st quarter. Bessemer Group Inc. now owns 4,985 shares of the insurance provider’s stock worth $304,000 after acquiring an additional 234 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of First American Financial by 56.9% in the 2nd quarter. GAMMA Investing LLC now owns 709 shares of the insurance provider’s stock valued at $38,000 after purchasing an additional 257 shares during the last quarter. Hedge funds and other 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.