First American Financial (NYSE:FAF) Stock Rating Lowered by Keefe, Bruyette & Woods

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First American Financial (NYSE:FAF) was downgraded by research analysts at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a research report issued on Sunday, The Fly reports.

A number of other analysts have also issued reports on FAF. Zacks Investment Research lowered shares of First American Financial from a “buy” rating to a “hold” rating and set a $68.00 price target for the company. in a research report on Tuesday, September 24th. ValuEngine raised shares of First American Financial from a “strong sell” rating to a “sell” rating in a research report on Monday, November 4th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have given a buy rating to the stock. First American Financial presently has a consensus rating of “Hold” and an average price target of $67.40.

NYSE:FAF traded down $0.42 during trading hours on Friday, hitting $63.04. 1,081,016 shares of the company’s stock traded hands, compared to its average volume of 537,478. The stock’s fifty day moving average price is $62.44 and its two-hundred day moving average price is $57.90. The firm has a market cap of $7.18 billion, a P/E ratio of 13.76, a P/E/G ratio of 0.91 and a beta of 0.86. First American Financial has a twelve month low of $42.53 and a twelve month high of $64.37.

First American Financial (NYSE:FAF) last announced its quarterly earnings data on Thursday, October 24th. The insurance provider reported $1.64 EPS for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.20. First American Financial had a return on equity of 15.21% and a net margin of 9.76%. The firm had revenue of $1.67 billion during the quarter, compared to analyst estimates of $1.62 billion. During the same period last year, the company posted $1.34 EPS. The business’s quarterly revenue was up 8.4% compared to the same quarter last year. As a group, research analysts predict that First American Financial will post 5.38 EPS for the current year.

In related news, CFO Mark Edward Seaton sold 8,069 shares of First American Financial stock in a transaction on Friday, November 1st. The stock was sold at an average price of $61.93, for a total transaction of $499,713.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 3.00% of the stock is currently owned by company insiders.

A number of hedge funds have recently modified their holdings of FAF. Usca Ria LLC acquired a new stake in shares of First American Financial during the 3rd quarter valued at about $29,000. NewSquare Capital LLC bought a new position in First American Financial during the second quarter valued at approximately $41,000. Penserra Capital Management LLC lifted its stake in First American Financial by 25.0% in the third quarter. Penserra Capital Management LLC now owns 790 shares of the insurance provider’s stock valued at $46,000 after acquiring an additional 158 shares during the last quarter. NEXT Financial Group Inc lifted its stake in First American Financial by 235.0% in the third quarter. NEXT Financial Group Inc now owns 1,005 shares of the insurance provider’s stock valued at $59,000 after acquiring an additional 705 shares during the last quarter. Finally, Signaturefd LLC grew its position in First American Financial by 22.5% in the second quarter. Signaturefd LLC now owns 1,136 shares of the insurance provider’s stock worth $61,000 after acquiring an additional 209 shares in the last quarter. 82.57% 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 Specialty Insurance segments. The Title Insurance and Services segment issues title insurance policies on residential and commercial property, as well as offers related products and services.

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Analyst Recommendations for First American Financial (NYSE:FAF)

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