Zacks Research Issues Optimistic Outlook for FAF Earnings

First American Financial Corporation (NYSE:FAF) – Stock analysts at Zacks Research upped their Q3 2028 EPS estimates for shares of First American Financial in a report issued on Monday, September 28th. Zacks Research analyst Team now forecasts that the insurance provider will post earnings per share of $2.10 for the quarter, up from their prior estimate of $2.06. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for First American Financial’s current full-year earnings is $7.12 per share.

First American Financial (NYSE:FAF) last announced its quarterly earnings results on Wednesday, July 22nd. The insurance provider reported $2.08 EPS for the quarter, beating analysts’ consensus estimates of $1.80 by $0.28. First American Financial had a net margin of 9.33% and a return on equity of 13.31%. The business had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter in the prior year, the business earned $1.53 EPS. First American Financial’s quarterly revenue was up 15.0% on a year-over-year basis.

A number of other research analysts have also commented on the company. Barclays upped their price objective on First American Financial from $80.00 to $83.00 and gave the company an “overweight” rating in a report on Tuesday, July 7th. Stephens reissued an “overweight” rating and set a $84.00 target price on shares of First American Financial in a report on Friday, June 12th. Keefe, Bruyette & Woods boosted their target price on shares of First American Financial from $84.00 to $86.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Benchmark initiated coverage on shares of First American Financial in a research note on Tuesday, July 21st. They issued a “buy” rating and a $85.00 price target on the stock. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of First American Financial in a research report on Monday, July 20th. Seven research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $84.60.

First American Financial Trading Up 1.3%

NYSE:FAF opened at $61.53 on Friday. The stock has a market cap of $6.28 billion, a P/E ratio of 8.52, a PEG ratio of 0.56 and a beta of 1.24. The stock has a 50 day simple moving average of $72.16 and a 200 day simple moving average of $68.45. First American Financial has a 1-year low of $56.20 and a 1-year high of $79.87.

Institutional Trading of First American Financial

Large investors have recently modified their holdings of the stock. Duncker Streett & Co. Inc. raised its stake in First American Financial by 616.4% in the first quarter. Duncker Streett & Co. Inc. now owns 437 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 376 shares in the last quarter. SHP Wealth Management bought a new position in First American Financial in the 4th quarter valued at about $51,000. Global Retirement Partners LLC bought a new position in First American Financial in the 2nd quarter valued at about $55,000. Root Financial Partners LLC raised its position in shares of First American Financial by 150.4% in the 4th quarter. Root Financial Partners LLC now owns 934 shares of the insurance provider’s stock valued at $57,000 after buying an additional 561 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of First American Financial in the 2nd quarter valued at approximately $73,000. 89.05% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other First American Financial news, CAO Steven Adams sold 3,253 shares of First American Financial stock in a transaction on Friday, July 24th. The stock was sold at an average price of $74.99, for a total value of $243,942.47. Following the completion of the transaction, the chief accounting officer directly owned 10,234 shares of the company’s stock, valued at $767,447.66. The trade was a 24.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.50% of the stock is owned by corporate insiders.

First American Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 5th. Shareholders of record on Monday, September 28th will be paid a dividend of $0.55 per share. This represents a $2.20 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Monday, September 28th. First American Financial’s dividend payout ratio (DPR) is 33.80%.

About First American Financial

First American Financial Corporation (NYSE: FAF) provides title insurance, settlement services and related real estate transaction solutions. Through its title insurance operations, the company protects property buyers, lenders and other parties against certain losses arising from defects in title, liens and other issues affecting ownership or mortgage interests.

The company also offers escrow and closing services, title search and examination, property information, valuation, mortgage subservicing and other technology-enabled solutions for the real estate and mortgage industries.