First American Financial (NYSE:FAF) Price Target Increased to $72.00 by Analysts at Keefe, Bruyette & Woods

First American Financial (NYSE:FAF) had its price objective boosted by equities researchers at Keefe, Bruyette & Woods from $66.00 to $72.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm currently has an “outperform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price target suggests a potential upside of 10.41% from the stock’s previous close.

Several other research analysts also recently weighed in on FAF. Barclays cut their price target on First American Financial from $65.00 to $61.00 and set an “equal weight” rating for the company in a report on Tuesday, July 9th. Stephens reiterated an “overweight” rating and issued a $66.00 target price on shares of First American Financial in a research note on Thursday, July 25th. Finally, Truist Financial raised their price target on First American Financial from $65.00 to $68.00 and gave the stock a “buy” rating in a research note on Friday, July 26th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, First American Financial presently has an average rating of “Moderate Buy” and a consensus price target of $66.75.

First American Financial Stock Performance

NYSE FAF traded up $1.48 during trading hours on Wednesday, reaching $65.21. The company’s stock had a trading volume of 187,772 shares, compared to its average volume of 651,791. The stock has a market cap of $6.76 billion, a PE ratio of 31.20 and a beta of 1.28. The company’s 50-day moving average is $58.81 and its two-hundred day moving average is $57.14. First American Financial has a fifty-two week low of $49.55 and a fifty-two week high of $66.05.

First American Financial (NYSE:FAF) last released its quarterly earnings results on Wednesday, July 24th. The insurance provider reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.14. The company had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.62 billion. First American Financial had a return on equity of 7.98% and a net margin of 3.28%. The business’s revenue for the quarter was down 2.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.35 earnings per share. Equities analysts expect that First American Financial will post 3.89 earnings per share for the current fiscal year.

Institutional Investors Weigh In On First American Financial

Several hedge funds have recently modified their holdings of FAF. Custom Index Systems LLC lifted its position in shares of First American Financial by 2.3% during the second quarter. Custom Index Systems LLC now owns 8,218 shares of the insurance provider’s stock worth $443,000 after purchasing an additional 182 shares in the last quarter. Pacer Advisors Inc. raised its position in shares of First American Financial by 1.2% in the 2nd quarter. Pacer Advisors Inc. now owns 15,560 shares of the insurance provider’s stock valued at $839,000 after purchasing an additional 187 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its stake in shares of First American Financial by 1.9% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 10,327 shares of the insurance provider’s stock valued at $630,000 after buying an additional 193 shares during the last quarter. Blossom Wealth Management raised its holdings in First American Financial by 2.9% in the second quarter. Blossom Wealth Management now owns 6,940 shares of the insurance provider’s stock valued at $374,000 after acquiring an additional 195 shares in the last quarter. Finally, Bessemer Group Inc. boosted its stake in First American Financial by 4.9% during the 1st quarter. Bessemer Group Inc. now owns 4,985 shares of the insurance provider’s stock valued at $304,000 after acquiring an additional 234 shares during the last quarter. 89.05% of the stock is currently owned by hedge funds and other institutional investors.

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.