Zacks Research Has Bullish Estimate for FAF Q4 Earnings

First American Financial Co. (NYSE:FAF) – Research analysts at Zacks Research lifted their Q4 2024 EPS estimates for shares of First American Financial in a note issued to investors on Wednesday, November 13th. Zacks Research analyst T. De now anticipates that the insurance provider will earn $1.03 per share for the quarter, up from their previous forecast of $1.01. The consensus estimate for First American Financial’s current full-year earnings is $4.04 per share. Zacks Research also issued estimates for First American Financial’s Q1 2025 earnings at $0.87 EPS, Q2 2025 earnings at $1.61 EPS, Q3 2025 earnings at $1.62 EPS, Q4 2025 earnings at $1.17 EPS, FY2025 earnings at $5.27 EPS, Q1 2026 earnings at $0.94 EPS, Q2 2026 earnings at $2.04 EPS and Q3 2026 earnings at $0.57 EPS.

First American Financial (NYSE:FAF) last posted its earnings results on Wednesday, October 23rd. The insurance provider reported $1.34 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.19. First American Financial had a net margin of 1.58% and a return on equity of 7.95%. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.66 billion. During the same period in the prior year, the business posted $1.22 earnings per share. First American Financial’s revenue for the quarter was down 5.1% on a year-over-year basis.

FAF has been the subject of a number of other research reports. Barclays raised their price target on First American Financial from $70.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Truist Financial lifted their target price on shares of First American Financial from $68.00 to $73.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Stephens increased their price target on shares of First American Financial from $66.00 to $73.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of First American Financial from $66.00 to $72.00 and gave the stock an “outperform” rating in a report on Wednesday, September 4th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $72.50.

First American Financial Stock Performance

Shares of FAF stock opened at $64.98 on Monday. First American Financial has a fifty-two week low of $51.60 and a fifty-two week high of $67.88. The firm has a market cap of $6.69 billion, a P/E ratio of 73.01 and a beta of 1.29. The business’s 50 day moving average price is $64.79 and its 200-day moving average price is $59.95.

First American Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 9th will be given a dividend of $0.54 per share. The ex-dividend date is Monday, December 9th. This represents a $2.16 dividend on an annualized basis and a yield of 3.32%. First American Financial’s dividend payout ratio (DPR) is currently 242.70%.

Institutional Trading of First American Financial

A number of hedge funds have recently made changes to their positions in FAF. Mather Group LLC. increased its position in First American Financial by 99.1% during the 2nd quarter. Mather Group LLC. now owns 671 shares of the insurance provider’s stock valued at $36,000 after buying an additional 334 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of First American Financial by 56.9% in the second quarter. GAMMA Investing LLC now owns 709 shares of the insurance provider’s stock worth $38,000 after acquiring an additional 257 shares during the last quarter. Venturi Wealth Management LLC increased its holdings in shares of First American Financial by 132.3% during the third quarter. Venturi Wealth Management LLC now owns 625 shares of the insurance provider’s stock valued at $41,000 after acquiring an additional 356 shares in the last quarter. Ashton Thomas Private Wealth LLC purchased a new position in shares of First American Financial in the 2nd quarter worth about $47,000. Finally, Quarry LP boosted its stake in First American Financial by 340.8% in the 2nd quarter. Quarry LP now owns 864 shares of the insurance provider’s stock worth $47,000 after purchasing an additional 668 shares in the last quarter. 89.05% of the stock is 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.