First American Financial (NYSE:FAF) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of First American Financial (NYSE:FAF) from a hold rating to a buy rating in a research note published on Sunday morning.

Other equities analysts also recently issued reports about the company. Stephens began coverage on First American Financial in a report on Friday, November 14th. They issued an “equal weight” rating for the company. Barclays upped their target price on shares of First American Financial from $70.00 to $71.00 and gave the company a “cautious” rating in a report on Monday, October 6th. Truist Financial increased their target price on shares of First American Financial from $73.00 to $76.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Finally, Weiss Ratings raised shares of First American Financial from a “hold (c+)” rating to a “buy (b)” rating in a research report on Saturday, October 25th. Three analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, First American Financial presently has an average rating of “Hold” and an average target price of $76.00.

First American Financial Stock Performance

FAF stock opened at $63.88 on Friday. The company’s 50 day moving average price is $62.87 and its 200 day moving average price is $62.32. The firm has a market capitalization of $6.51 billion, a price-to-earnings ratio of 13.74 and a beta of 1.27. First American Financial has a fifty-two week low of $53.09 and a fifty-two week high of $68.64.

First American Financial (NYSE:FAF) last posted its quarterly earnings results on Thursday, October 23rd. The insurance provider reported $1.70 EPS for the quarter, topping the consensus estimate of $1.42 by $0.28. First American Financial had a net margin of 6.80% and a return on equity of 11.01%. The company had revenue of $1.95 billion during the quarter, compared to analysts’ expectations of $1.87 billion. During the same quarter in the previous year, the business posted $1.34 EPS. The firm’s revenue was up 40.7% on a year-over-year basis. Equities analysts forecast that First American Financial will post 5.35 EPS for the current fiscal year.

First American Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 15th. Investors of record on Monday, December 8th were paid a dividend of $0.55 per share. The ex-dividend date was Monday, December 8th. This represents a $2.20 dividend on an annualized basis and a yield of 3.4%. First American Financial’s dividend payout ratio is currently 47.31%.

Institutional Investors Weigh In On First American Financial

A number of institutional investors and hedge funds have recently made changes to their positions in FAF. Tudor Investment Corp ET AL purchased a new position in shares of First American Financial during the third quarter worth about $5,046,000. Swiss Life Asset Management Ltd purchased a new stake in First American Financial during the 3rd quarter valued at approximately $301,000. Danske Bank A S acquired a new stake in First American Financial during the 3rd quarter worth approximately $45,000. Advisory Services Network LLC purchased a new position in shares of First American Financial in the 3rd quarter valued at approximately $52,000. Finally, Polymer Capital Management US LLC grew its stake in shares of First American Financial by 26.1% in the 3rd quarter. Polymer Capital Management US LLC now owns 5,601 shares of the insurance provider’s stock valued at $360,000 after purchasing an additional 1,160 shares during the last quarter. 89.05% of the stock is owned by hedge funds and other institutional investors.

First American Financial Company Profile

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.