Analysts Set First American Financial Co. (NYSE:FAF) Price Target at $72.50

Shares of First American Financial Co. (NYSE:FAF) have been assigned an average recommendation of “Moderate Buy” from the five research firms that are covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $72.50.

FAF has been the topic of several analyst reports. Keefe, Bruyette & Woods upped their price objective on First American Financial from $66.00 to $72.00 and gave the company an “outperform” rating in a research report on Wednesday, September 4th. Stephens increased their price objective on First American Financial from $66.00 to $73.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. Barclays boosted their target price on First American Financial from $70.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Finally, Truist Financial raised their price target on shares of First American Financial from $68.00 to $73.00 and gave the company a “buy” rating in a report on Friday, October 25th.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in FAF. Meeder Asset Management Inc. raised its stake in First American Financial by 295.2% during the 3rd quarter. Meeder Asset Management Inc. now owns 94,198 shares of the insurance provider’s stock worth $6,218,000 after acquiring an additional 70,361 shares during the period. Vaughan Nelson Investment Management L.P. raised its position in shares of First American Financial by 4.6% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,493,111 shares of the insurance provider’s stock valued at $98,560,000 after purchasing an additional 66,290 shares during the period. Natixis Advisors LLC lifted its stake in shares of First American Financial by 6.5% during the 3rd quarter. Natixis Advisors LLC now owns 364,736 shares of the insurance provider’s stock valued at $24,077,000 after buying an additional 22,228 shares in the last quarter. Empowered Funds LLC bought a new position in First American Financial in the 3rd quarter worth $252,000. Finally, CIBC Asset Management Inc purchased a new stake in First American Financial in the 3rd quarter worth $203,000. 89.05% of the stock is currently owned by institutional investors.

First American Financial Trading Down 0.9 %

FAF opened at $63.66 on Friday. The company has a market cap of $6.56 billion, a price-to-earnings ratio of 71.53 and a beta of 1.29. The stock has a fifty day simple moving average of $64.82 and a two-hundred day simple moving average of $59.65. First American Financial has a 12-month low of $51.60 and a 12-month high of $67.88.

First American Financial (NYSE:FAF) last announced its quarterly earnings data on Wednesday, October 23rd. The insurance provider reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.15 by $0.19. First American Financial had a return on equity of 7.95% and a net margin of 1.58%. The business had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.66 billion. The firm’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.22 earnings per share. On average, analysts predict that First American Financial will post 3.99 EPS for the current year.

First American Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 9th will be paid a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 3.39%. The ex-dividend date of this dividend is Monday, December 9th. First American Financial’s dividend payout ratio (DPR) is presently 242.70%.

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.