First American Financial Co. (NYSE:FAF) Receives $68.00 Average Price Target from Analysts

Shares of First American Financial Co. (NYSE:FAF) have received an average rating of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $67.75.

FAF has been the subject of a number of research analyst reports. Deutsche Bank Aktiengesellschaft initiated coverage on First American Financial in a research note on Wednesday, January 10th. They issued a “buy” rating for the company. TheStreet cut shares of First American Financial from a “b-” rating to a “c+” rating in a research note on Tuesday, March 12th. Stephens reissued an “overweight” rating and set a $72.00 target price on shares of First American Financial in a research report on Thursday, April 25th. Finally, Keefe, Bruyette & Woods raised shares of First American Financial from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $66.00 to $69.00 in a report on Thursday, March 21st.

Institutional Trading of First American Financial

Several institutional investors and hedge funds have recently bought and sold shares of FAF. Benjamin F. Edwards & Company Inc. acquired a new position in First American Financial during the fourth quarter valued at $26,000. Venturi Wealth Management LLC raised its stake in shares of First American Financial by 82.3% during the 1st quarter. Venturi Wealth Management LLC now owns 505 shares of the insurance provider’s stock valued at $31,000 after buying an additional 228 shares during the last quarter. GAMMA Investing LLC acquired a new position in shares of First American Financial in the 4th quarter valued at about $33,000. Headlands Technologies LLC acquired a new stake in First American Financial during the fourth quarter worth about $44,000. Finally, Principal Securities Inc. purchased a new position in First American Financial during the fourth quarter valued at approximately $45,000. 89.05% of the stock is currently owned by institutional investors and hedge funds.

First American Financial Stock Down 0.1 %

NYSE FAF opened at $54.18 on Tuesday. The firm has a market cap of $5.61 billion, a PE ratio of 25.92 and a beta of 1.28. First American Financial has a 52 week low of $49.55 and a 52 week high of $65.54. The company has a 50 day moving average price of $57.41 and a 200 day moving average price of $58.34.

First American Financial (NYSE:FAF) last issued its quarterly earnings results on Thursday, April 25th. The insurance provider reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.22). The business had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.42 billion. First American Financial had a return on equity of 8.18% and a net margin of 3.64%. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same period in the previous year, the company posted $0.49 earnings per share. On average, equities research analysts anticipate that First American Financial will post 4.28 earnings per share for the current fiscal year.

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.