First American Financial (NYSE:FAF) Given New $74.00 Price Target at Keefe, Bruyette & Woods

First American Financial (NYSE:FAF) had its price objective trimmed by Keefe, Bruyette & Woods from $80.00 to $74.00 in a report released on Wednesday morning,Benzinga reports. The brokerage currently has a market perform rating on the insurance provider’s stock.

A number of other equities analysts have also recently commented on FAF. Stephens lifted their price target on First American Financial from $66.00 to $73.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Truist Financial upped their price target on shares of First American Financial from $68.00 to $73.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Barclays raised their price target on shares of First American Financial from $70.00 to $72.00 and gave the stock an “equal weight” rating in a report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $73.00.

First American Financial Stock Down 0.8 %

FAF stock opened at $60.05 on Wednesday. First American Financial has a twelve month low of $51.60 and a twelve month high of $70.92. The firm has a market capitalization of $6.19 billion, a PE ratio of 67.47 and a beta of 1.30. The stock has a 50-day simple moving average of $65.06 and a two-hundred day simple moving average of $62.74.

First American Financial (NYSE:FAF) last posted its quarterly earnings data on Wednesday, October 23rd. The insurance provider reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.19. The company had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.66 billion. First American Financial had a net margin of 1.58% and a return on equity of 7.95%. The firm’s revenue was down 5.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.22 EPS. On average, equities research analysts anticipate that First American Financial will post 4.07 EPS for the current fiscal year.

First American Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 9th were issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 3.60%. The ex-dividend date was Monday, December 9th. First American Financial’s dividend payout ratio (DPR) is currently 242.70%.

Institutional Investors Weigh In On First American Financial

Institutional investors and hedge funds have recently modified their holdings of the stock. Venturi Wealth Management LLC lifted its position in First American Financial by 132.3% during the 3rd 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 during the period. Quarry LP boosted its position in shares of 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. Ashton Thomas Private Wealth LLC purchased a new stake in shares of First American Financial in the 2nd quarter worth approximately $47,000. Blue Trust Inc. increased its position in First American Financial by 214.2% during the 3rd quarter. Blue Trust Inc. now owns 1,021 shares of the insurance provider’s stock valued at $67,000 after buying an additional 696 shares in the last quarter. Finally, GAMMA Investing LLC increased its position in First American Financial by 34.9% during the 4th quarter. GAMMA Investing LLC now owns 1,071 shares of the insurance provider’s stock valued at $67,000 after buying an additional 277 shares in 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.