First American Financial (NYSE:FAF) Stock Price Expected to Rise, Stephens Analyst Says

First American Financial (NYSE:FAF) had its price objective boosted by Stephens from $73.00 to $78.00 in a research note issued on Friday,Benzinga reports. The firm presently has an “overweight” rating on the insurance provider’s stock. Stephens’ price target suggests a potential upside of 22.55% from the company’s current price.

Several other analysts have also recently commented on the company. Barclays raised their target price 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. Truist Financial raised their target price on First American Financial from $68.00 to $73.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Keefe, Bruyette & Woods lowered their target price on First American Financial from $80.00 to $74.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 8th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $74.25.

First American Financial Stock Performance

Shares of First American Financial stock traded up $0.66 on Friday, reaching $63.65. 281,898 shares of the company were exchanged, compared to its average volume of 432,257. The company’s 50-day moving average is $62.95 and its two-hundred day moving average is $63.90. The firm has a market cap of $6.56 billion, a price-to-earnings ratio of 71.59 and a beta of 1.33. First American Financial has a 1-year low of $51.60 and a 1-year high of $70.92.

First American Financial (NYSE:FAF) last announced its quarterly earnings results on Wednesday, February 12th. The insurance provider reported $1.35 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.22. First American Financial had a return on equity of 7.95% and a net margin of 1.58%. As a group, sell-side analysts forecast that First American Financial will post 4.07 earnings per share for the current year.

Hedge Funds Weigh In On First American Financial

Several hedge funds have recently modified their holdings of the company. Pinebridge Investments L.P. boosted its stake in shares of First American Financial by 42.7% during the 4th quarter. Pinebridge Investments L.P. now owns 43,471 shares of the insurance provider’s stock worth $2,714,000 after acquiring an additional 13,003 shares in the last quarter. Hsbc Holdings PLC boosted its stake in shares of First American Financial by 243.8% during the 4th quarter. Hsbc Holdings PLC now owns 17,416 shares of the insurance provider’s stock worth $1,085,000 after acquiring an additional 12,350 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of First American Financial by 163.0% during the 4th quarter. Tower Research Capital LLC TRC now owns 7,576 shares of the insurance provider’s stock worth $473,000 after acquiring an additional 4,695 shares in the last quarter. MetLife Investment Management LLC boosted its stake in shares of First American Financial by 9.2% during the 4th quarter. MetLife Investment Management LLC now owns 58,009 shares of the insurance provider’s stock worth $3,622,000 after acquiring an additional 4,884 shares in the last quarter. Finally, Capital International Inc. CA bought a new stake in shares of First American Financial during the 4th quarter worth $1,567,000. 89.05% of the stock is currently owned by institutional investors and hedge funds.

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.