First American Financial (NYSE:FAF) Price Target Raised to $78.00 at Stephens

First American Financial (NYSE:FAF) had its target price hoisted by Stephens from $73.00 to $78.00 in a report released on Friday morning,Benzinga reports. They currently have an overweight rating on the insurance provider’s stock.

A number of other equities research analysts have also recently issued reports on the stock. Keefe, Bruyette & Woods reduced their target price on shares of First American Financial from $80.00 to $74.00 and set a “market perform” rating for the company in a research report on Wednesday, January 8th. Barclays boosted their target price on shares of First American Financial from $70.00 to $72.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Finally, Truist Financial boosted their target price on shares of First American Financial from $68.00 to $73.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $74.25.

First American Financial Price Performance

NYSE:FAF opened at $63.77 on Friday. First American Financial has a one year low of $51.60 and a one year high of $70.92. The company has a market cap of $6.57 billion, a P/E ratio of 71.65 and a beta of 1.33. The firm’s fifty day moving average price is $62.73 and its two-hundred day moving average price is $63.92.

First American Financial (NYSE:FAF) last released its quarterly earnings data on Wednesday, February 12th. The insurance provider reported $1.35 EPS for the quarter, beating the consensus estimate of $1.13 by $0.22. First American Financial had a net margin of 1.58% and a return on equity of 7.95%. As a group, equities research analysts expect that First American Financial will post 4.07 earnings per share for the current year.

First American Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.16 annualized dividend and a yield of 3.39%. First American Financial’s dividend payout ratio is 242.70%.

Institutional Investors Weigh In On First American Financial

Several institutional investors and hedge funds have recently bought and sold shares of FAF. Wellington Management Group LLP bought a new stake in First American Financial during the third quarter worth about $95,638,000. Norges Bank bought a new stake in First American Financial during the fourth quarter worth about $75,780,000. FMR LLC lifted its holdings in shares of First American Financial by 20.8% in the fourth quarter. FMR LLC now owns 6,046,743 shares of the insurance provider’s stock worth $377,559,000 after acquiring an additional 1,042,145 shares during the last quarter. Corient Private Wealth LLC lifted its holdings in shares of First American Financial by 13,222.0% in the fourth quarter. Corient Private Wealth LLC now owns 849,279 shares of the insurance provider’s stock worth $53,029,000 after acquiring an additional 842,904 shares during the last quarter. Finally, Prudential Financial Inc. lifted its holdings in shares of First American Financial by 6,233.2% in the fourth quarter. Prudential Financial Inc. now owns 706,211 shares of the insurance provider’s stock worth $44,096,000 after acquiring an additional 695,060 shares during the last quarter. 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.