Keefe, Bruyette & Woods Raises First American Financial (NYSE:FAF) Price Target to $75.00

First American Financial (NYSE:FAF) had its price objective increased by investment analysts at Keefe, Bruyette & Woods from $74.00 to $75.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has a “market perform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 17.62% from the company’s current price.

A number of other brokerages have also commented on FAF. Truist Financial lifted their price target on First American Financial from $68.00 to $73.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Stephens boosted their price objective on First American Financial from $73.00 to $78.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Barclays increased their target price on shares of First American Financial from $70.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $74.50.

First American Financial Trading Up 1.2 %

Shares of NYSE FAF opened at $63.77 on Tuesday. The firm’s 50-day moving average price is $62.65 and its 200-day moving average price is $64.00. The firm has a market capitalization of $6.57 billion, a P/E ratio of 71.65 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 EPS for the quarter, beating analysts’ consensus estimates of $1.13 by $0.22. First American Financial had a net margin of 1.58% and a return on equity of 7.95%. Equities research analysts forecast that First American Financial will post 4.07 EPS for the current year.

Institutional Investors Weigh In On First American Financial

Hedge funds have recently made changes to their positions in the business. Blossom Wealth Management grew its holdings in shares of First American Financial by 2.4% in the third quarter. Blossom Wealth Management now owns 7,105 shares of the insurance provider’s stock worth $469,000 after purchasing an additional 165 shares during the last quarter. Parkside Financial Bank & Trust raised its holdings in shares of First American Financial by 14.8% during the fourth quarter. Parkside Financial Bank & Trust now owns 1,340 shares of the insurance provider’s stock valued at $84,000 after acquiring an additional 173 shares in the last quarter. CIBC Asset Management Inc increased its position in shares of First American Financial by 5.8% during the fourth quarter. CIBC Asset Management Inc now owns 3,247 shares of the insurance provider’s stock valued at $203,000 after buying an additional 179 shares during the period. UMB Bank n.a. boosted its position in shares of First American Financial by 66.9% during the fourth quarter. UMB Bank n.a. now owns 524 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 210 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its stake in First American Financial by 18.0% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,510 shares of the insurance provider’s stock worth $94,000 after purchasing an additional 230 shares during the period. 89.05% of the stock is currently owned by institutional investors.

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.