What is DOWLING & PARTN’s Forecast for FAF FY2028 Earnings?

First American Financial Corporation (NYSE:FAF) – Equities research analysts at DOWLING & PARTN upped their FY2028 earnings per share (EPS) estimates for First American Financial in a research report issued to clients and investors on Tuesday, October 27th. DOWLING & PARTN analyst G. Dunn now forecasts that the insurance provider will post earnings per share of $7.30 for the year, up from their previous estimate of $7.10. The consensus estimate for First American Financial’s current full-year earnings is $6.94 per share.

Several other equities research analysts have also commented on the company. Barclays cut their price objective on First American Financial from $79.00 to $75.00 and set an “overweight” rating for the company in a research note on Friday, October 23rd. Keefe, Bruyette & Woods lifted their price target on First American Financial from $84.00 to $86.00 and gave the stock an “outperform” rating in a research note on Friday, July 24th. Benchmark began coverage on First American Financial in a research report on Tuesday, July 21st. They set a “buy” rating and a $85.00 price target for the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of First American Financial in a research note on Friday, October 16th. Finally, Truist Financial dropped their target price on First American Financial from $80.00 to $78.00 and set a “buy” rating for the company in a report on Friday, October 23rd. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, First American Financial has an average rating of “Moderate Buy” and a consensus target price of $81.60.

First American Financial Stock Performance

NYSE:FAF opened at $63.64 on Friday. The stock has a market capitalization of $6.50 billion, a PE ratio of 8.85, a P/E/G ratio of 0.60 and a beta of 1.24. First American Financial has a fifty-two week low of $56.20 and a fifty-two week high of $79.87. The company has a fifty day moving average of $67.73 and a two-hundred day moving average of $67.31.

First American Financial (NYSE:FAF) last issued its quarterly earnings data on Wednesday, October 21st. The insurance provider reported $1.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.85 by ($0.07). First American Financial had a net margin of 9.05% and a return on equity of 13.41%. The company had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.10 billion. During the same period last year, the firm earned $1.84 EPS.

First American Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, October 5th. Investors of record on Monday, September 28th were given a $0.55 dividend. The ex-dividend date was Monday, September 28th. This represents a $2.20 annualized dividend and a yield of 3.5%. First American Financial’s dividend payout ratio is 34.37%.

Institutional Investors Weigh In On First American Financial

Institutional investors and hedge funds have recently made changes to their positions in the business. Duncker Streett & Co. Inc. grew its stake in shares of First American Financial by 616.4% in the 1st quarter. Duncker Streett & Co. Inc. now owns 437 shares of the insurance provider’s stock valued at $26,000 after purchasing an additional 376 shares during the last quarter. Elevation Wealth Partners LLC raised its stake in shares of First American Financial by 70.7% during the third quarter. Elevation Wealth Partners LLC now owns 437 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 181 shares during the last quarter. Root Financial Partners LLC purchased a new stake in shares of First American Financial during the third quarter worth approximately $32,000. Wealth Enhancement Trust Services Inc. raised its stake in shares of First American Financial by 140.0% during the third quarter. Wealth Enhancement Trust Services Inc. now owns 600 shares of the insurance provider’s stock worth $36,000 after purchasing an additional 350 shares during the last quarter. Finally, Global Retirement Partners LLC acquired a new stake in shares of First American Financial during the second quarter worth $55,000. 89.05% of the stock is owned by hedge funds and other institutional investors.

First American Financial Company Profile

First American Financial Corporation (NYSE: FAF) is a provider of title insurance, settlement services and financial technology solutions for the real estate and mortgage industries. Through its First American Title operations, the company helps protect property owners, lenders and other parties against title defects and related risks during real estate transactions.

The company’s services include title searches and examination, title insurance policies, escrow and closing services, and transaction coordination.