First American Financial Corporation (NYSE:FAF) Given Consensus Rating of “Moderate Buy” by Analysts

First American Financial Corporation (NYSE:FAF) has been assigned a consensus rating of “Moderate Buy” from the seven brokerages that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $83.25.

FAF has been the subject of several research reports. Barclays increased their price target on shares of First American Financial from $72.00 to $80.00 and gave the stock an “overweight” rating in a research note on Friday, April 24th. Weiss Ratings upgraded shares of First American Financial from a “buy (b-)” rating to a “buy (b)” rating in a report on Wednesday, April 22nd. Wall Street Zen downgraded shares of First American Financial from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Truist Financial lifted their target price on shares of First American Financial from $82.00 to $85.00 and gave the company a “buy” rating in a report on Friday, April 24th. Finally, Keefe, Bruyette & Woods dropped their price target on First American Financial from $87.00 to $84.00 and set an “outperform” rating on the stock in a research report on Thursday, June 25th.

Insider Buying and Selling at First American Financial

In related news, SVP Lisa W. Cornehl sold 5,823 shares of the stock in a transaction dated Tuesday, May 5th. The shares were sold at an average price of $68.63, for a total transaction of $399,632.49. Following the sale, the senior vice president directly owned 29,635 shares of the company’s stock, valued at approximately $2,033,850.05. This represents a 16.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Margaret M. Mccarthy sold 6,630 shares of the company’s stock in a transaction that occurred on Friday, April 24th. The shares were sold at an average price of $70.59, for a total value of $468,011.70. Following the completion of the transaction, the director directly owned 24,024 shares in the company, valued at $1,695,854.16. This trade represents a 21.63% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 3.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Bar Harbor Wealth Management boosted its position in shares of First American Financial by 52.4% during the fourth quarter. Bar Harbor Wealth Management now owns 135,649 shares of the insurance provider’s stock valued at $8,334,000 after buying an additional 46,639 shares during the last quarter. Dimensional Fund Advisors LP raised its position in First American Financial by 4.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 4,293,573 shares of the insurance provider’s stock worth $275,816,000 after buying an additional 168,706 shares during the last quarter. Tudor Investment Corp ET AL bought a new position in First American Financial during the 3rd quarter valued at about $5,046,000. Jefferies Financial Group Inc. bought a new position in First American Financial during the 4th quarter valued at about $6,713,000. Finally, iSAM Funds UK Ltd purchased a new stake in shares of First American Financial during the 3rd quarter valued at about $1,360,000. Hedge funds and other institutional investors own 89.05% of the company’s stock.

First American Financial Stock Down 0.0%

Shares of FAF stock opened at $69.47 on Friday. The business’s fifty day moving average is $67.87 and its 200 day moving average is $65.07. The stock has a market cap of $7.08 billion, a price-to-earnings ratio of 10.67, a PEG ratio of 0.68 and a beta of 1.23. First American Financial has a twelve month low of $53.09 and a twelve month high of $71.47.

First American Financial (NYSE:FAF) last announced its quarterly earnings data on Wednesday, April 22nd. The insurance provider reported $1.33 EPS for the quarter, beating the consensus estimate of $1.06 by $0.27. First American Financial had a return on equity of 12.58% and a net margin of 8.73%.The business had revenue of $1.85 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same quarter last year, the firm posted $0.84 earnings per share. The company’s revenue for the quarter was up 16.2% on a year-over-year basis. Equities research analysts expect that First American Financial will post 6.75 earnings per share for the current fiscal year.

First American Financial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 8th were paid a dividend of $0.55 per share. The ex-dividend date was Monday, June 8th. This represents a $2.20 dividend on an annualized basis and a yield of 3.2%. First American Financial’s payout ratio is presently 33.79%.

First American Financial Company Profile

First American Financial Corporation is a leading provider of title insurance, settlement services and diversified real estate-related data and analytics. Headquartered in Santa Ana, California, the company serves customers throughout the United States as well as in Canada, Europe, Latin America and Asia. Its business is built on the underwriting capabilities of its title insurance operations combined with comprehensive closing and escrow services for homebuyers, sellers, mortgage lenders and real estate professionals.

The company’s title insurance segment issues policies that protect property owners and mortgage lenders against defects in titles, liens or encumbrances that can arise during real property transactions.