First American Financial (NYSE:FAF) Releases Earnings Results, Beats Estimates By $0.22 EPS

First American Financial (NYSE:FAF) released its quarterly earnings data on Wednesday. The insurance provider reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.22, Zacks reports. First American Financial had a return on equity of 7.95% and a net margin of 1.58%.

First American Financial Price Performance

Shares of FAF opened at $62.61 on Thursday. The business has a 50-day moving average of $62.95 and a 200-day moving average of $63.90. First American Financial has a 1 year low of $51.60 and a 1 year high of $70.92. The company has a market capitalization of $6.45 billion, a price-to-earnings ratio of 70.35 and a beta of 1.33.

First American Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be paid a $0.54 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.16 annualized dividend and a dividend yield of 3.45%. First American Financial’s payout ratio is 242.70%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on FAF. Stephens upped their price objective on shares of First American Financial from $66.00 to $73.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. Barclays upped their target price 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. Truist Financial increased their target price on First American Financial from $68.00 to $73.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Keefe, Bruyette & Woods lowered their price objective on First American Financial from $80.00 to $74.00 and set a “market perform” rating for the company in a research note on Wednesday, January 8th. Two analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, First American Financial currently has a consensus rating of “Moderate Buy” and an average target price of $73.00.

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.