First American Financial (NYSE:FAF) Rating Reiterated by Stephens

First American Financial (NYSE:FAF)‘s stock had its “overweight” rating reissued by research analysts at Stephens in a research report issued on Thursday, Benzinga reports. They presently have a $72.00 target price on the insurance provider’s stock. Stephens’ price objective suggests a potential upside of 32.79% from the company’s previous close.

FAF has been the topic of a number of other research reports. Keefe, Bruyette & Woods raised shares of First American Financial from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $66.00 to $69.00 in a report on Thursday, March 21st. TheStreet cut shares of First American Financial from a “b-” rating to a “c+” rating in a research note on Tuesday, March 12th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of First American Financial in a research note on Wednesday, January 10th. They issued a “buy” rating for the company. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $67.75.

First American Financial Trading Down 0.1 %

First American Financial stock opened at $54.22 on Thursday. The firm’s 50 day simple moving average is $57.58 and its 200 day simple moving average is $58.27. The firm has a market capitalization of $5.62 billion, a PE ratio of 25.94 and a beta of 1.28. First American Financial has a 1-year low of $49.55 and a 1-year high of $65.54.

First American Financial (NYSE:FAF) last issued its quarterly earnings results on Thursday, April 25th. The insurance provider reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.22). The company had revenue of $1.42 billion during the quarter, compared to the consensus estimate of $1.42 billion. First American Financial had a return on equity of 8.18% and a net margin of 3.64%. First American Financial’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the company earned $0.49 EPS. Research analysts forecast that First American Financial will post 4.28 earnings per share for the current year.

Institutional Investors Weigh In On First American Financial

Several institutional investors have recently added to or reduced their stakes in FAF. Benjamin F. Edwards & Company Inc. purchased a new stake in First American Financial during the 4th quarter valued at $26,000. Venturi Wealth Management LLC boosted its position in First American Financial by 82.3% during the 1st quarter. Venturi Wealth Management LLC now owns 505 shares of the insurance provider’s stock valued at $31,000 after buying an additional 228 shares during the period. GAMMA Investing LLC purchased a new stake in First American Financial during the 4th quarter valued at $33,000. Headlands Technologies LLC purchased a new stake in First American Financial during the 4th quarter valued at $44,000. Finally, Principal Securities Inc. bought a new position in First American Financial in the 4th quarter worth $45,000. Hedge funds and other institutional investors own 89.05% of the company’s stock.

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.