Brokerages Set First American Financial Co. (NYSE:FAF) PT at $67.75

Shares of First American Financial Co. (NYSE:FAF) have received an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $67.75.

Several equities research analysts recently commented on the stock. Stephens restated an “overweight” rating and issued a $72.00 price target on shares of First American Financial in a research report on Thursday, April 25th. TheStreet lowered First American Financial from a “b-” rating to a “c+” rating in a report on Tuesday, March 12th. Finally, Keefe, Bruyette & Woods upgraded First American Financial from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $66.00 to $69.00 in a report on Thursday, March 21st.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC grew its stake in shares of First American Financial by 1.9% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 10,327 shares of the insurance provider’s stock valued at $630,000 after buying an additional 193 shares in the last quarter. Treasurer of the State of North Carolina lifted its stake in First American Financial by 0.5% in the third quarter. Treasurer of the State of North Carolina now owns 44,007 shares of the insurance provider’s stock valued at $2,486,000 after acquiring an additional 220 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC grew its position in First American Financial by 3.0% in the third quarter. J.P. Morgan Private Wealth Advisors LLC now owns 7,910 shares of the insurance provider’s stock worth $447,000 after acquiring an additional 227 shares in the last quarter. Venturi Wealth Management LLC grew its position in First American Financial by 82.3% in the first quarter. Venturi Wealth Management LLC now owns 505 shares of the insurance provider’s stock worth $31,000 after acquiring an additional 228 shares in the last quarter. Finally, Bessemer Group Inc. raised its holdings in shares of First American Financial by 4.9% during the 1st quarter. Bessemer Group Inc. now owns 4,985 shares of the insurance provider’s stock valued at $304,000 after purchasing an additional 234 shares in the last quarter. 89.05% of the stock is owned by institutional investors and hedge funds.

First American Financial Stock Performance

NYSE FAF opened at $56.16 on Friday. First American Financial has a 1 year low of $49.55 and a 1 year high of $65.54. The business’s fifty day moving average is $56.85 and its two-hundred day moving average is $58.76. The stock has a market capitalization of $5.82 billion, a P/E ratio of 26.87 and a beta of 1.28.

First American Financial (NYSE:FAF) last released its quarterly earnings results on Thursday, April 25th. The insurance provider reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.22). First American Financial had a net margin of 3.64% and a return on equity of 8.17%. The company had revenue of $1.42 billion during the quarter, compared to analyst estimates of $1.42 billion. During the same quarter last year, the business earned $0.49 EPS. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. On average, research analysts forecast that First American Financial will post 3.97 earnings per share for the current year.

First American Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Monday, June 10th will be given a dividend of $0.53 per share. The ex-dividend date is Monday, June 10th. This represents a $2.12 dividend on an annualized basis and a yield of 3.78%. First American Financial’s payout ratio is 101.44%.

About First American Financial

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.