First American Financial Corp. (FAF) Hits New 12-Month High at $43.39
First American Financial Corp. (NYSE:FAF) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as $43.39 and last traded at $43.24, with a volume of 143,636 shares trading hands. The stock had previously closed at $42.85.
A number of research analysts recently issued reports on FAF shares. Zacks Investment Research upgraded shares of First American Financial Corp. from a “hold” rating to a “buy” rating and set a $47.00 target price on the stock in a research report on Thursday, July 14th. Piper Jaffray Cos. reiterated a “neutral” rating and set a $45.00 target price (up previously from $42.00) on shares of First American Financial Corp. in a research report on Monday, July 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. First American Financial Corp. currently has a consensus rating of “Hold” and an average price target of $43.00.
The company’s 50 day moving average price is $41.72 and its 200 day moving average price is $38.57. The firm has a market capitalization of $4.76 billion and a price-to-earnings ratio of 15.32.
First American Financial Corp. (NYSE:FAF) last issued its quarterly earnings results on Thursday, July 21st. The company reported $0.87 EPS for the quarter, beating analysts’ consensus estimates of $0.83 by $0.04. During the same quarter in the previous year, the business earned $0.85 earnings per share. The business 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. Equities research analysts forecast that First American Financial Corp. will post $3.00 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Stockholders of record on Thursday, September 8th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 3.14%. The ex-dividend date is Tuesday, September 6th. This is an increase from First American Financial Corp.’s previous quarterly dividend of $0.26.
In other news, Director Mark C. Oman bought 2,700 shares of the business’s stock in a transaction dated Thursday, August 18th. The shares were purchased at an average price of $42.08 per share, for a total transaction of $113,616.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
A hedge fund recently bought a new stake in First American Financial Corp. stock. Trexquant Investment LP bought a new stake in First American Financial Corp. (NYSE:FAF) during the fourth quarter, according to its most recent filing with the SEC. The institutional investor bought 30,400 shares of the company’s stock, valued at approximately $1,091,000.
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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