Zacks Research Analysts Raise Earnings Estimates for FAF

First American Financial Corporation (NYSE:FAF) – Equities research analysts at Zacks Research lifted their Q1 2027 earnings per share estimates for shares of First American Financial in a research report issued on Thursday, March 19th. Zacks Research analyst Team now anticipates that the insurance provider will post earnings per share of $1.14 for the quarter, up from their prior forecast of $1.13. The consensus estimate for First American Financial’s current full-year earnings is $5.35 per share.

Other equities analysts have also recently issued reports about the stock. Wall Street Zen upgraded shares of First American Financial from a “hold” rating to a “buy” rating in a research note on Saturday, March 7th. Stephens upgraded shares of First American Financial from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $70.00 to $81.00 in a report on Monday, March 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of First American Financial in a research report on Friday, February 13th. Weiss Ratings reiterated a “buy (b-)” rating on shares of First American Financial in a research note on Friday, December 26th. Finally, Truist Financial lifted their target price on First American Financial from $76.00 to $82.00 and gave the stock a “buy” rating in a research report on Tuesday, February 17th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $78.50.

First American Financial Trading Up 2.2%

Shares of First American Financial stock opened at $58.11 on Monday. First American Financial has a 1 year low of $53.09 and a 1 year high of $71.47. The company’s fifty day simple moving average is $64.97 and its 200-day simple moving average is $63.88. The company has a market cap of $5.92 billion, a price-to-earnings ratio of 9.67, a PEG ratio of 0.58 and a beta of 1.25.

First American Financial (NYSE:FAF) last issued its quarterly earnings results on Wednesday, February 11th. The insurance provider reported $1.99 EPS for the quarter, topping analysts’ consensus estimates of $1.49 by $0.50. First American Financial had a return on equity of 11.92% and a net margin of 8.34%.The company had revenue of $2 billion during the quarter, compared to analyst estimates of $1.80 billion. During the same period in the previous year, the company earned $1.35 earnings per share. The company’s quarterly revenue was up 21.6% compared to the same quarter last year.

First American Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 16th. Stockholders of record on Monday, March 9th were given a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 3.8%. The ex-dividend date was Monday, March 9th. First American Financial’s payout ratio is 36.61%.

Insiders Place Their Bets

In other First American Financial news, Director Parker S. Kennedy bought 44,841 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were acquired at an average price of $67.85 per share, with a total value of $3,042,461.85. Following the completion of the purchase, the director directly owned 251,552 shares in the company, valued at $17,067,803.20. The trade was a 21.69% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. 3.70% of the stock is currently owned by insiders.

Institutional Investors Weigh In On First American Financial

Institutional investors have recently added to or reduced their stakes in the stock. ProShare Advisors LLC grew its stake in shares of First American Financial by 3.9% in the 2nd quarter. ProShare Advisors LLC now owns 4,561 shares of the insurance provider’s stock valued at $280,000 after purchasing an additional 172 shares during the period. Naples Global Advisors LLC boosted its stake in First American Financial by 2.4% in the 4th quarter. Naples Global Advisors LLC now owns 7,500 shares of the insurance provider’s stock valued at $461,000 after buying an additional 175 shares in the last quarter. Maryland State Retirement & Pension System boosted its stake in First American Financial by 3.9% in the 3rd quarter. Maryland State Retirement & Pension System now owns 4,850 shares of the insurance provider’s stock valued at $312,000 after buying an additional 180 shares in the last quarter. Inscription Capital LLC grew its position in First American Financial by 2.4% in the fourth quarter. Inscription Capital LLC now owns 7,639 shares of the insurance provider’s stock valued at $469,000 after acquiring an additional 181 shares during the period. Finally, KLP Kapitalforvaltning AS grew its position in First American Financial by 0.9% in the third quarter. KLP Kapitalforvaltning AS now owns 21,500 shares of the insurance provider’s stock valued at $1,381,000 after acquiring an additional 200 shares during the period. 89.05% of the stock is owned by institutional investors and hedge funds.

First American Financial Company Profile

First American Financial Corporation is a leading provider of title insurance, settlement services and diversified real estate-related data and analytics. Headquartered in Santa Ana, California, the company serves customers throughout the United States as well as in Canada, Europe, Latin America and Asia. Its business is built on the underwriting capabilities of its title insurance operations combined with comprehensive closing and escrow services for homebuyers, sellers, mortgage lenders and real estate professionals.

The company’s title insurance segment issues policies that protect property owners and mortgage lenders against defects in titles, liens or encumbrances that can arise during real property transactions.