First American Financial (NYSE:FAF) Stock Price Expected to Rise, Keefe, Bruyette & Woods Analyst Says

First American Financial (NYSE:FAF) had its price objective upped by Keefe, Bruyette & Woods from $74.00 to $75.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The brokerage currently has a market perform rating on the insurance provider’s stock.

Several other analysts have also recently issued reports on FAF. Truist Financial increased their price objective 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. Stephens lifted their target price on shares of First American Financial from $73.00 to $78.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Finally, Barclays increased their price target on 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 two have given a buy rating to the stock. According to data from MarketBeat, First American Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $74.50.

First American Financial Stock Down 2.3 %

Shares of NYSE FAF opened at $63.22 on Tuesday. The company’s 50-day simple moving average is $62.56 and its 200-day simple moving average is $64.02. First American Financial has a 52-week low of $51.60 and a 52-week high of $70.92. The firm has a market cap of $6.51 billion, a price-to-earnings ratio of 50.58 and a beta of 1.33.

First American Financial (NYSE:FAF) last released its quarterly earnings data on Wednesday, February 12th. The insurance provider reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.22. First American Financial had a net margin of 2.14% and a return on equity of 9.35%. Equities research analysts anticipate that First American Financial will post 5.35 EPS for the current fiscal year.

First American Financial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 3.42%. The ex-dividend date is Monday, March 10th. First American Financial’s dividend payout ratio (DPR) is 172.80%.

Insider Buying and Selling at First American Financial

In other First American Financial news, Director Dennis J. Gilmore sold 111,971 shares of First American Financial stock in a transaction that occurred on Friday, February 14th. The shares were sold at an average price of $63.60, for a total value of $7,121,355.60. Following the completion of the sale, the director now directly owns 494,574 shares of the company’s stock, valued at approximately $31,454,906.40. The trade was a 18.46 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 3.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Forum Financial Management LP acquired a new stake in First American Financial during the fourth quarter worth about $235,000. Public Employees Retirement System of Ohio increased its holdings in First American Financial by 1.1% during the 4th quarter. Public Employees Retirement System of Ohio now owns 36,697 shares of the insurance provider’s stock worth $2,291,000 after purchasing an additional 389 shares during the last quarter. Burgundy Asset Management Ltd. increased its position in shares of First American Financial by 2.4% in the 4th quarter. Burgundy Asset Management Ltd. now owns 161,257 shares of the insurance provider’s stock worth $10,069,000 after purchasing an additional 3,850 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of First American Financial by 16.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 386,546 shares of the insurance provider’s stock worth $24,136,000 after acquiring an additional 53,633 shares in the last quarter. Finally, iSAM Funds UK Ltd bought a new position in shares of First American Financial in the 4th quarter worth about $977,000. Institutional investors and hedge funds own 89.05% of the company’s stock.

About First American Financial

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.