First American Financial Corporation (NYSE:FAF) Stock Rated “Moderate Buy” by Sell-Side Analysts

Shares of First American Financial Corporation (NYSE:FAF) have been assigned a consensus rating of “Moderate Buy” from the eight ratings firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $82.80.

FAF has been the subject of several research reports. Truist Financial reduced their price target on shares of First American Financial from $85.00 to $80.00 and set a “buy” rating for the company in a research report on Thursday. Benchmark began coverage on First American Financial in a report on Tuesday, July 21st. They issued a “buy” rating and a $85.00 target price on the stock. Zacks Research downgraded First American Financial from a “strong-buy” rating to a “hold” rating in a report on Tuesday, June 23rd. Keefe, Bruyette & Woods lifted their price objective 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. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of First American Financial in a report on Friday.

Insider Activity at First American Financial

In related news, CAO Steven Adams sold 3,253 shares of First American Financial stock in a transaction that occurred 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 sale, the chief accounting officer directly owned 10,234 shares in the company, valued at $767,447.66. The trade was a 24.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.50% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Duncker Streett & Co. Inc. boosted its position in shares of First American Financial by 616.4% during the 1st quarter. Duncker Streett & Co. Inc. now owns 437 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 376 shares in the last quarter. Elevation Wealth Partners LLC grew its stake in shares of First American Financial by 70.7% during the 3rd quarter. Elevation Wealth Partners LLC now owns 437 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 181 shares during the period. Wealth Enhancement Trust Services Inc. grew its stake in shares of First American Financial by 140.0% during the 3rd quarter. Wealth Enhancement Trust Services Inc. now owns 600 shares of the insurance provider’s stock worth $36,000 after purchasing an additional 350 shares during the period. Global Retirement Partners LLC acquired a new position in shares of First American Financial during the 2nd quarter worth $55,000. Finally, SHP Wealth Management purchased a new position in shares of First American Financial in the 4th quarter valued at about $51,000. Institutional investors and hedge funds own 89.05% of the company’s stock.

First American Financial Stock Down 0.2%

FAF opened at $64.77 on Tuesday. First American Financial has a 52 week low of $56.20 and a 52 week high of $79.87. The business’s 50 day moving average is $69.02 and its two-hundred day moving average is $68.64. The firm has a market cap of $6.61 billion, a price-to-earnings ratio of 9.14, a price-to-earnings-growth ratio of 0.60 and a beta of 1.24.

First American Financial (NYSE:FAF) last posted its quarterly earnings data on Wednesday, July 22nd. The insurance provider reported $2.08 earnings per share for the quarter, beating the consensus estimate of $1.80 by $0.28. The business had revenue of $2.11 billion during the quarter, compared to the consensus estimate of $2.03 billion. First American Financial had a return on equity of 13.31% and a net margin of 9.33%. The company’s revenue was up 15.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.53 earnings per share. Equities analysts expect that First American Financial will post 7.12 EPS for the current fiscal year.

First American Financial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 5th. Stockholders of record on Monday, September 28th were issued a $0.55 dividend. This represents a $2.20 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend was Monday, September 28th. First American Financial’s dividend payout ratio (DPR) is currently 33.80%.

First American Financial Company Profile

First American Financial Corporation (NYSE: FAF) is a provider of title insurance, settlement services and financial technology solutions for the real estate and mortgage industries. Through its First American Title operations, the company helps protect property owners, lenders and other parties against title defects and related risks during real estate transactions.

The company’s services include title searches and examination, title insurance policies, escrow and closing services, and transaction coordination.