Quarterly Dividend of $0.12 Announced by First American Financial Corp (FAF)
First American Financial Corp (NYSE:FAF) declared a quarterly dividend on Thursday, January 17th. Investors of record on Friday, March 8th will be given a dividend of $0.12 per share on Friday, March 15th. This represents a $0.48 dividend on an annualized basis and a yield of 1.95%.
A number of research firms have also recently commented on FAF. Analysts at Barclays Capital upgraded shares of First American Financial Corp from an “equal weight” rating to an “overweight” rating in a research note to investors on Wednesday, December 19th. They now have a $28.00 price target on the stock. Analysts at Stephens downgraded shares of First American Financial Corp from an “overweight” rating to an “equal weight” rating in a research note to investors on Friday, October 26th.
One analyst has rated the stock with a buy rating, and three have issued a hold rating to the company’s stock. The stock presently has an average rating of “hold” and a consensus target price of $26.33.
First American Financial Corp (FAF) traded up 3.83% on Thursday, hitting $25.51. First American Financial Corp (FAF) has a 1-year low of $13.37 and a 1-year high of $25.47. The stock’s 50-day moving average is currently $24.22. The company has a market cap of $2.721 billion and a price-to-earnings ratio of 10.72.
First American Financial Corp last released its earnings data on Thursday, October 25th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.27. First American Financial Corp’s revenue was up 25.2% compared to the same quarter last year. Analysts expect that First American Financial Corp (FAF) will post $2.52 EPS for the current fiscal year.
First American Financial Corporation (First American) provides financial services through its Title Insurance and Services segment and its Specialty Insurance segment.
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