First American Financial (NYSE:FAF) Receives Market Perform Rating from Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reiterated their market perform rating on shares of First American Financial (NYSE:FAF) in a report released on Tuesday, MarketBeat Ratings reports. Keefe, Bruyette & Woods currently has a $80.00 price target on the insurance provider’s stock.

FAF has been the topic of several other research reports. Barclays raised their target price on First American Financial from $70.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Truist Financial lifted their target price on First American Financial from $68.00 to $73.00 and gave the company a “buy” rating in a research note on Friday, October 25th. Finally, Stephens lifted their price target on First American Financial from $66.00 to $73.00 and gave the company an “overweight” rating in a research note 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. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $74.50.

First American Financial Price Performance

Shares of FAF stock opened at $65.82 on Tuesday. First American Financial has a 1-year low of $51.60 and a 1-year high of $70.92. The company has a market cap of $6.78 billion, a P/E ratio of 73.96 and a beta of 1.30. The stock’s 50-day moving average is $65.75 and its 200 day moving average is $61.45.

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

First American Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Monday, December 9th will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend is Monday, December 9th. First American Financial’s payout ratio is 242.70%.

Institutional Investors Weigh In On First American Financial

Several institutional investors and hedge funds have recently modified their holdings of FAF. Cetera Advisors LLC acquired a new stake in shares of First American Financial during the 1st quarter worth approximately $457,000. CWM LLC boosted its stake in shares of First American Financial by 246.8% during the 2nd quarter. CWM LLC now owns 6,229 shares of the insurance provider’s stock worth $336,000 after acquiring an additional 4,433 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of First American Financial during the 2nd quarter worth $1,191,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of First American Financial by 12.9% in the second quarter. Wealth Enhancement Advisory Services LLC now owns 11,663 shares of the insurance provider’s stock valued at $629,000 after purchasing an additional 1,336 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. purchased a new stake in shares of First American Financial in the second quarter valued at $243,000. Hedge funds and other institutional investors own 89.05% of the company’s stock.

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.