First American Financial (NYSE:FAF) Price Target Raised to $66.00 at Keefe, Bruyette & Woods

First American Financial (NYSE:FAF) had its price objective increased by Keefe, Bruyette & Woods from $63.00 to $66.00 in a report released on Monday morning, Benzinga reports. They currently have an outperform rating on the insurance provider’s stock.

Other analysts also recently issued reports about the company. Stephens reaffirmed an overweight rating and set a $66.00 price target on shares of First American Financial in a report on Thursday, July 25th. Truist Financial upped their target price on First American Financial from $65.00 to $68.00 and gave the company a buy rating in a research report on Friday, July 26th. Finally, Barclays decreased their target price on First American Financial from $65.00 to $61.00 and set an equal weight rating for the company in a research report on Tuesday, July 9th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, First American Financial has an average rating of Moderate Buy and a consensus target price of $65.25.

First American Financial Trading Down 0.6 %

NYSE:FAF opened at $60.24 on Monday. The firm has a market cap of $6.20 billion, a PE ratio of 28.82 and a beta of 1.28. The stock has a fifty day moving average price of $55.09 and a 200 day moving average price of $56.87. First American Financial has a 12-month low of $49.55 and a 12-month high of $65.54.

First American Financial (NYSE:FAF) last released its earnings results on Wednesday, July 24th. The insurance provider reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.14. The firm had revenue of $1.61 billion during the quarter, compared to analyst estimates of $1.62 billion. First American Financial had a return on equity of 7.98% and a net margin of 3.28%. First American Financial’s revenue was down 2.1% compared to the same quarter last year. During the same period last year, the business posted $1.35 earnings per share. Equities analysts forecast that First American Financial will post 3.88 EPS for the current year.

First American Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Monday, June 10th were paid a dividend of $0.53 per share. This represents a $2.12 annualized dividend and a yield of 3.52%. The ex-dividend date was Monday, June 10th. First American Financial’s dividend payout ratio is presently 101.44%.

Hedge Funds Weigh In On First American Financial

A number of large investors have recently modified their holdings of the business. Vanguard Group Inc. raised its stake in shares of First American Financial by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 10,567,038 shares of the insurance provider’s stock worth $645,118,000 after buying an additional 431,089 shares in the last quarter. Boston Partners raised its stake in shares of First American Financial by 13.3% during the 1st quarter. Boston Partners now owns 4,074,181 shares of the insurance provider’s stock worth $248,237,000 after buying an additional 479,618 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of First American Financial by 3.2% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,059,361 shares of the insurance provider’s stock worth $197,148,000 after buying an additional 94,854 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of First American Financial by 0.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,680,947 shares of the insurance provider’s stock worth $172,760,000 after buying an additional 9,491 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its holdings in shares of First American Financial by 6.4% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,426,821 shares of the insurance provider’s stock worth $76,977,000 after acquiring an additional 86,330 shares during the period. 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.