First American Financial (NYSE:FAF) Upgraded at Stephens

First American Financial (NYSE:FAF) was upgraded by equities research analysts at Stephens from an “equal” rating to a “weight” rating in a research report issued to clients and investors on Monday, January 8th, MarketBeat Ratings reports.

Several other analysts also recently issued reports on FAF. Zacks Investment Research upgraded First American Financial from a “hold” rating to a “buy” rating and set a $63.00 price objective on the stock in a research report on Thursday, December 28th. Barclays upped their price objective on First American Financial from $52.00 to $60.00 and gave the company an “overweight” rating in a research report on Friday, October 27th. One analyst has rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $54.00.

First American Financial (FAF) opened at $61.91 on Monday. First American Financial has a twelve month low of $36.83 and a twelve month high of $61.94. The firm has a market capitalization of $6,860.00, a price-to-earnings ratio of 24.47, a P/E/G ratio of 1.26 and a beta of 0.74.

First American Financial (NYSE:FAF) last announced its quarterly earnings data on Thursday, October 26th. The insurance provider reported $1.12 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.00 by $0.12. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.51 billion. First American Financial had a return on equity of 14.30% and a net margin of 4.88%. First American Financial’s quarterly revenue was up .7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.96 earnings per share. research analysts predict that First American Financial will post 3.55 earnings per share for the current fiscal year.

In other First American Financial news, COO Christopher Michael Leavell sold 75,843 shares of the company’s stock in a transaction dated Friday, December 1st. The stock was sold at an average price of $55.25, for a total transaction of $4,190,325.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Dennis J. Gilmore sold 100,000 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $54.97, for a total value of $5,497,000.00. Following the sale, the chief executive officer now owns 611,141 shares of the company’s stock, valued at $33,594,420.77. The disclosure for this sale can be found here. Insiders have sold 193,161 shares of company stock worth $10,639,325 over the last quarter. 3.10% of the stock is currently owned by company insiders.

Several hedge funds have recently bought and sold shares of the company. Smith Graham & Co. Investment Advisors LP grew its stake in shares of First American Financial by 21.3% in the fourth quarter. Smith Graham & Co. Investment Advisors LP now owns 108,906 shares of the insurance provider’s stock valued at $6,103,000 after buying an additional 19,140 shares in the last quarter. Foster & Motley Inc. grew its stake in shares of First American Financial by 38.5% in the fourth quarter. Foster & Motley Inc. now owns 38,596 shares of the insurance provider’s stock valued at $2,163,000 after buying an additional 10,734 shares in the last quarter. Round Table Services LLC acquired a new stake in First American Financial during the 4th quarter valued at approximately $210,000. State of Alaska Department of Revenue acquired a new stake in First American Financial during the 4th quarter valued at approximately $358,000. Finally, Schwab Charles Investment Management Inc. grew its stake in First American Financial by 7.4% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 562,579 shares of the insurance provider’s stock valued at $31,527,000 after purchasing an additional 38,672 shares in the last quarter. Institutional investors and hedge funds own 83.38% of the company’s stock.

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First American Financial Company Profile

First American Financial Corporation, through its subsidiaries, is engaged in the business of providing financial services. The Company operates through the title insurance and services segment, and specialty insurance segment. The title insurance and services segment provides title insurance, closing and/or escrow services and similar or related services domestically and internationally in connection with residential and commercial real estate transactions.

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