Shares of First American Financial Corp (NYSE:FAF) have earned an average rating of “Buy” from the six brokerages that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $56.58.

A number of brokerages recently issued reports on FAF. ValuEngine raised shares of First American Financial from a “sell” rating to a “hold” rating in a research report on Wednesday, March 27th. Compass Point cut shares of First American Financial from a “buy” rating to a “neutral” rating and set a $57.88 price target for the company. in a research report on Monday, April 29th. Piper Jaffray Companies raised shares of First American Financial from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $59.00 to $67.00 in a research report on Monday, April 1st. Barclays set a $58.00 price target on shares of First American Financial and gave the company a “buy” rating in a research report on Friday, February 15th. Finally, Zacks Investment Research raised shares of First American Financial from a “sell” rating to a “hold” rating in a research report on Monday, February 11th.

Shares of NYSE:FAF traded up $0.35 on Wednesday, hitting $53.25. The company had a trading volume of 535,024 shares, compared to its average volume of 593,471. First American Financial has a 1 year low of $41.96 and a 1 year high of $58.29. The stock has a market cap of $5.92 billion, a price-to-earnings ratio of 11.63, a P/E/G ratio of 1.01 and a beta of 0.93.

First American Financial (NYSE:FAF) last posted its earnings results on Thursday, April 25th. The insurance provider reported $0.74 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.69 by $0.05. First American Financial had a net margin of 8.83% and a return on equity of 14.51%. The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.27 billion. During the same period last year, the company posted $0.67 EPS. The company’s quarterly revenue was up .5% compared to the same quarter last year. On average, equities research analysts expect that First American Financial will post 4.74 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be given a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $1.68 dividend on an annualized basis and a yield of 3.15%. First American Financial’s dividend payout ratio (DPR) is currently 36.68%.

In related news, COO Christopher Michael Leavell sold 35,235 shares of First American Financial stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $54.44, for a total transaction of $1,918,193.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Kenneth D. Degiorgio sold 1,400 shares of First American Financial stock in a transaction dated Friday, April 26th. The shares were sold at an average price of $58.24, for a total transaction of $81,536.00. The disclosure for this sale can be found here. Over the last three months, insiders have sold 63,293 shares of company stock valued at $3,519,235. 3.00% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of America Corp DE increased its stake in First American Financial by 9.4% during the 4th quarter. Bank of America Corp DE now owns 647,574 shares of the insurance provider’s stock valued at $28,907,000 after purchasing an additional 55,668 shares in the last quarter. JOYN Advisors Inc. increased its stake in First American Financial by 540.0% during the 4th quarter. JOYN Advisors Inc. now owns 608 shares of the insurance provider’s stock valued at $27,000 after purchasing an additional 513 shares in the last quarter. Quadrant Capital Group LLC increased its stake in First American Financial by 1,170.5% during the 1st quarter. Quadrant Capital Group LLC now owns 991 shares of the insurance provider’s stock valued at $49,000 after purchasing an additional 913 shares in the last quarter. Two Sigma Advisers LP increased its stake in First American Financial by 24.5% during the 4th quarter. Two Sigma Advisers LP now owns 358,974 shares of the insurance provider’s stock valued at $16,025,000 after purchasing an additional 70,746 shares in the last quarter. Finally, Fulcrum Equity Management bought a new stake in First American Financial during the 4th quarter valued at about $258,000. 83.10% of the stock is owned by institutional investors.

About First American Financial

First American Financial Corporation, through its subsidiaries, provides financial services. It operates through Title Insurance and Services, and Specialty Insurance segments. The Title Insurance and Services segment issues title insurance policies on residential and commercial property, as well as offers related products and services.

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