First American Financial Corporation (NYSE:FAF) Announces $0.55 Quarterly Dividend

First American Financial Corporation (NYSE:FAF) declared a quarterly dividend on Wednesday, January 21st. Shareholders of record on Monday, March 9th will be given a dividend of 0.55 per share by the insurance provider on Monday, March 16th. This represents a c) annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Monday, March 9th.

First American Financial has raised its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 15 years. First American Financial has a dividend payout ratio of 35.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect First American Financial to earn $5.86 per share next year, which means the company should continue to be able to cover its $2.20 annual dividend with an expected future payout ratio of 37.5%.

First American Financial Stock Up 3.5%

Shares of NYSE:FAF opened at $63.42 on Thursday. The firm has a fifty day moving average of $62.82 and a two-hundred day moving average of $62.75. First American Financial has a 12-month low of $53.09 and a 12-month high of $68.64. The firm has a market capitalization of $6.46 billion, a P/E ratio of 13.64 and a beta of 1.27.

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

Wall Street Analysts Forecast Growth

FAF has been the topic of several recent research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of First American Financial in a research report on Friday, December 26th. Wall Street Zen raised shares of First American Financial from a “hold” rating to a “buy” rating in a research note on Sunday, December 14th. Truist Financial raised their price objective on First American Financial from $73.00 to $76.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Barclays cut their target price on shares of First American Financial from $71.00 to $68.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 6th. Finally, Stephens started coverage on First American Financial in a research note on Friday, November 14th. They issued an “equal weight” rating on the stock. Three research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, First American Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $75.75.

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.