Zacks Research Has Pessimistic Opinion of FAF Q1 Earnings

First American Financial Corporation (NYSE:FAF) – Research analysts at Zacks Research cut their Q1 2027 EPS estimates for shares of First American Financial in a note issued to investors on Thursday, November 12th. Zacks Research analyst Team now anticipates that the insurance provider will post earnings of $1.09 per share for the quarter, down from their prior forecast of $1.28. The consensus estimate for First American Financial’s current full-year earnings is $6.94 per share.

FAF has been the topic of a number of other research reports. Barclays lowered their price objective on First American Financial from $79.00 to $75.00 and set an “overweight” rating on the stock in a research note on Friday, October 23rd. Keefe, Bruyette & Woods upped their target price on First American Financial from $84.00 to $86.00 and gave the company an “outperform” rating in a research report on Friday, July 24th. Weiss Ratings reissued a “buy (b)” rating on shares of First American Financial in a report on Friday, October 16th. Truist Financial dropped their price target on First American Financial from $80.00 to $78.00 and set a “buy” rating for the company in a research note on Friday, October 23rd. Finally, Benchmark initiated coverage on First American Financial in a research note on Tuesday, July 21st. They issued a “buy” rating and a $85.00 price target for the company. Seven research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, First American Financial presently has an average rating of “Moderate Buy” and a consensus target price of $81.60.

First American Financial Trading Down 4.0%

Shares of FAF stock opened at $64.28 on Friday. The stock has a market cap of $6.56 billion, a P/E ratio of 9.05 and a beta of 1.22. The stock has a 50 day simple moving average of $66.36 and a 200 day simple moving average of $67.54. First American Financial has a 1 year low of $56.20 and a 1 year high of $79.87.

First American Financial (NYSE:FAF) last announced its earnings results on Wednesday, October 21st. The insurance provider reported $1.78 EPS for the quarter, missing the consensus estimate of $1.85 by ($0.07). First American Financial had a return on equity of 13.41% and a net margin of 9.05%. The business had revenue of $2.09 billion for the quarter, compared to the consensus estimate of $2.10 billion. During the same period in the prior year, the business posted $1.84 earnings per share.

Institutional Trading of First American Financial

Several large investors have recently bought and sold shares of the business. GAMMA Investing LLC raised its stake in First American Financial by 9.6% during the second quarter. GAMMA Investing LLC now owns 1,696 shares of the insurance provider’s stock worth $116,000 after acquiring an additional 148 shares in the last quarter. Bessemer Group Inc. grew its holdings in shares of First American Financial by 4.5% during the 3rd quarter. Bessemer Group Inc. now owns 3,697 shares of the insurance provider’s stock valued at $224,000 after purchasing an additional 160 shares during the last quarter. Elevation Wealth Partners LLC grew its holdings 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 valued at $27,000 after purchasing an additional 181 shares during the last quarter. Hantz Financial Services Inc. increased its position in First American Financial by 6.2% during the 3rd quarter. Hantz Financial Services Inc. now owns 3,423 shares of the insurance provider’s stock worth $208,000 after purchasing an additional 200 shares in the last quarter. Finally, Lido Advisors LLC increased its position in First American Financial by 5.8% during the 3rd quarter. Lido Advisors LLC now owns 4,171 shares of the insurance provider’s stock worth $253,000 after purchasing an additional 229 shares in the last quarter. 89.05% of the stock is owned by institutional investors and hedge funds.

First American Financial Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 15th. Stockholders of record on Tuesday, December 8th will be issued a dividend of $0.61 per share. This is an increase from First American Financial’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Tuesday, December 8th. This represents a $2.44 dividend on an annualized basis and a dividend yield of 3.8%. First American Financial’s payout ratio is presently 34.37%.

About First American Financial

First American Financial Corporation provides title insurance, settlement services and related solutions for residential and commercial real estate transactions. Its services help buyers, sellers, real estate professionals and mortgage lenders manage the transfer of property ownership and related risks. The company also offers property data, analytics and technology tools, along with specialty insurance products such as home warranties. Its services support activities including title searches, escrow and closing, and the management of real estate records.