First American Financial (NYSE:FAF) Issues Quarterly Earnings Results

First American Financial (NYSE:FAF) announced its quarterly earnings results on Wednesday. The insurance provider reported $1.35 EPS for the quarter, topping the consensus estimate of $1.13 by $0.22, Zacks reports. First American Financial had a net margin of 1.58% and a return on equity of 7.95%.

First American Financial Trading Down 1.4 %

FAF traded down $0.89 during midday trading on Wednesday, hitting $62.61. The company’s stock had a trading volume of 552,907 shares, compared to its average volume of 430,457. First American Financial has a 52-week low of $51.60 and a 52-week high of $70.92. The firm has a 50-day moving average price of $63.08 and a two-hundred day moving average price of $63.91. The firm has a market cap of $6.45 billion, a P/E ratio of 70.35 and a beta of 1.33.

First American Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.16 annualized dividend and a yield of 3.45%. First American Financial’s dividend payout ratio (DPR) is presently 242.70%.

Analyst Ratings Changes

Several equities analysts recently issued reports on FAF shares. Barclays boosted their price target on First American Financial from $70.00 to $72.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Keefe, Bruyette & Woods reduced their price objective on shares of First American Financial from $80.00 to $74.00 and set a “market perform” rating for the company in a research note on Wednesday, January 8th. Stephens upped their target price on First American Financial from $66.00 to $73.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Finally, Truist Financial increased their price objective on First American Financial from $68.00 to $73.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $73.00.

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.