First American Financial Corp. (FAF) Sets New 52-Week High at $43.39
First American Financial Corp. (NYSE:FAF) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $43.39 and last traded at $43.24, with a volume of 143,636 shares changing hands. The stock had previously closed at $42.85.
Several equities research analysts recently issued reports on FAF shares. Zacks Investment Research raised shares of First American Financial Corp. from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a research note on Thursday, July 14th. Piper Jaffray Cos. reaffirmed a “neutral” rating and issued a $45.00 price objective (up previously from $42.00) on shares of First American Financial Corp. in a research note on Monday, July 25th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $43.00.
The company has a 50-day moving average of $41.62 and a 200 day moving average of $38.38. The stock has a market cap of $4.74 billion and a PE ratio of 15.276.
First American Financial Corp. (NYSE:FAF) last issued its quarterly earnings data on Thursday, July 21st. The company reported $0.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.04. During the same period in the prior year, the company earned $0.85 EPS. The company had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.37 billion. The firm’s revenue was up 2.8% on a year-over-year basis. Analysts expect that First American Financial Corp. will post $3.00 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 8th will be given a dividend of $0.34 per share. This is a boost from First American Financial Corp.’s previous quarterly dividend of $0.26. This represents a $1.36 annualized dividend and a dividend yield of 3.17%. The ex-dividend date is Tuesday, September 6th.
In related news, Director Mark C. Oman acquired 2,700 shares of the stock in a transaction dated Thursday, August 18th. The stock was bought at an average price of $42.08 per share, with a total value of $113,616.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A hedge fund recently raised its stake in First American Financial Corp. stock. Schwab Charles Investment Management Inc. increased its stake in First American Financial Corp. (NYSE:FAF) by 5.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 517,405 shares of the company’s stock after buying an additional 26,342 shares during the period. Schwab Charles Investment Management Inc. owned approximately 0.48% of First American Financial Corp. worth $18,575,000 at the end of the most recent reporting period.
First American Financial Corporation is a holding company. Through its subsidiaries, the Company is engaged in the business of providing financial services. The Company’s segments include Title Insurance and Services, Specialty Insurance and corporate function. The Company’s title insurance and services segment issues title insurance policies on residential and commercial property in the United States and offers similar or related products and services internationally.
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