First American Financial (NYSE:FAF) Price Target Raised to $81.00

First American Financial (NYSE:FAF) had its price objective increased by Keefe, Bruyette & Woods from $79.00 to $81.00 in a research report report published on Thursday morning,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the insurance provider’s stock.

Other research analysts have also recently issued reports about the stock. Truist Financial boosted their price objective on shares of First American Financial from $73.00 to $76.00 and gave the company a “buy” rating in a report on Thursday, October 23rd. Weiss Ratings raised shares of First American Financial from a “hold (c+)” rating to a “buy (b)” rating in a research report on Saturday, October 25th. Stephens assumed coverage on First American Financial in a report on Friday, November 14th. They set an “equal weight” rating on the stock. Barclays lifted their price objective on First American Financial from $70.00 to $71.00 and gave the stock a “cautious” rating in a report on Monday, October 6th. Finally, Wall Street Zen raised First American Financial from a “hold” rating to a “buy” rating in a report on Sunday, December 14th. Three research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $76.50.

First American Financial Price Performance

FAF stock opened at $62.98 on Thursday. The stock has a market capitalization of $6.42 billion, a P/E ratio of 13.54 and a beta of 1.27. First American Financial has a 1-year low of $53.09 and a 1-year high of $68.64. The business has a fifty day moving average price of $63.09 and a 200-day moving average price of $62.44.

First American Financial (NYSE:FAF) last released its quarterly earnings data on Thursday, October 23rd. The insurance provider reported $1.70 EPS for the quarter, topping the consensus estimate of $1.42 by $0.28. The company had revenue of $1.95 billion during the quarter, compared to the consensus estimate of $1.87 billion. First American Financial had a return on equity of 11.01% and a net margin of 6.80%.First American Financial’s revenue for the quarter was up 40.7% on a year-over-year basis. During the same period last year, the company earned $1.34 EPS. As a group, analysts anticipate that First American Financial will post 5.35 earnings per share for the current year.

First American Financial Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 8th were given a dividend of $0.55 per share. The ex-dividend date was Monday, December 8th. This represents a $2.20 annualized dividend and a yield of 3.5%. First American Financial’s payout ratio is 47.31%.

Institutional Trading of First American Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of FAF. SJS Investment Consulting Inc. lifted its holdings in First American Financial by 2,887.5% in the 3rd quarter. SJS Investment Consulting Inc. now owns 478 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 462 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new position in shares of First American Financial in the second quarter worth $35,000. Atlantic Union Bankshares Corp bought a new position in shares of First American Financial during the second quarter worth $36,000. First Horizon Corp bought a new position in shares of First American Financial during the third quarter worth $37,000. Finally, Tripletail Wealth Management LLC purchased a new position in First American Financial during the third quarter valued at $41,000. Hedge funds and other institutional investors own 89.05% of the company’s stock.

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.