Q2 EPS Forecast for First American Financial Cut by Analyst

First American Financial Corporation (NYSE:FAF) – Stock analysts at Zacks Research cut their Q2 2028 earnings estimates for shares of First American Financial in a report released on Wednesday, June 24th. Zacks Research analyst Team now forecasts that the insurance provider will post earnings of $2.01 per share for the quarter, down from their previous forecast of $2.07. Zacks Research currently has a “Hold” rating on the stock. The consensus estimate for First American Financial’s current full-year earnings is $6.80 per share.

First American Financial (NYSE:FAF) last issued its earnings results on Wednesday, April 22nd. The insurance provider reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.06 by $0.27. First American Financial had a net margin of 8.73% and a return on equity of 12.58%. The business had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.80 billion. During the same period last year, the business posted $0.84 EPS. First American Financial’s revenue was up 16.2% on a year-over-year basis.

A number of other analysts have also recently issued reports on the company. Weiss Ratings raised First American Financial from a “buy (b-)” rating to a “buy (b)” rating in a research report on Wednesday, April 22nd. Barclays lifted their price objective on shares of First American Financial from $72.00 to $80.00 and gave the stock an “overweight” rating in a research report on Friday, April 24th. Wall Street Zen lowered shares of First American Financial from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Stephens restated an “overweight” rating and set a $84.00 target price on shares of First American Financial in a research note on Friday, June 12th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of First American Financial from $87.00 to $84.00 and set an “outperform” rating for the company in a report on Thursday, June 25th. Six analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $83.25.

First American Financial Stock Up 2.8%

Shares of NYSE FAF opened at $70.49 on Thursday. The business’s 50 day moving average price is $67.75 and its two-hundred day moving average price is $65.00. The company has a market cap of $7.18 billion, a PE ratio of 10.83, a price-to-earnings-growth ratio of 0.66 and a beta of 1.23. First American Financial has a twelve month low of $53.09 and a twelve month high of $71.47.

First American Financial Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 15th. Shareholders of record on Monday, June 8th were given a dividend of $0.55 per share. The ex-dividend date was Monday, June 8th. This represents a $2.20 annualized dividend and a yield of 3.1%. First American Financial’s dividend payout ratio (DPR) is presently 33.79%.

Insiders Place Their Bets

In related news, Director Margaret M. Mccarthy sold 6,630 shares of the company’s stock in a transaction dated Friday, April 24th. The shares were sold at an average price of $70.59, for a total value of $468,011.70. Following the transaction, the director directly owned 24,024 shares in the company, valued at approximately $1,695,854.16. This represents a 21.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Lisa W. Cornehl sold 5,823 shares of the firm’s stock in a transaction dated Tuesday, May 5th. The stock was sold at an average price of $68.63, for a total transaction of $399,632.49. Following the transaction, the senior vice president directly owned 29,635 shares in the company, valued at approximately $2,033,850.05. This represents a 16.42% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 3.50% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in FAF. Duncker Streett & Co. Inc. increased its holdings in shares of First American Financial by 616.4% during the first quarter. Duncker Streett & Co. Inc. now owns 437 shares of the insurance provider’s stock worth $26,000 after purchasing an additional 376 shares during the period. V Square Quantitative Management LLC acquired a new stake in First American Financial during the fourth quarter worth approximately $27,000. Global Retirement Partners LLC increased its stake in First American Financial by 1,107.5% during the 4th quarter. Global Retirement Partners LLC now owns 483 shares of the insurance provider’s stock worth $30,000 after acquiring an additional 443 shares during the period. Danske Bank A S acquired a new position in First American Financial in the 3rd quarter valued at $45,000. Finally, IFP Advisors Inc lifted its position in shares of First American Financial by 568.8% during the 4th quarter. IFP Advisors Inc now owns 749 shares of the insurance provider’s stock valued at $46,000 after acquiring an additional 637 shares during the period. Institutional investors and hedge funds own 89.05% of the company’s stock.

About First American Financial

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.