First American Financial Corp (FAF) Receives Consensus Rating of “Buy” from Analysts

Shares of First American Financial Corp (NYSE:FAF) have earned an average rating of “Buy” from the six research firms that are currently covering the stock, Marketbeat Ratings reports. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $56.58.

Several analysts recently weighed in on the company. ValuEngine downgraded First American Financial from a “hold” rating to a “sell” rating in a report on Thursday, February 28th. Compass Point assumed coverage on shares of First American Financial in a report on Thursday, January 24th. They issued a “buy” rating and a $58.00 target price for the company. Zacks Investment Research upgraded shares of First American Financial from a “sell” rating to a “hold” rating in a report on Monday, February 11th. Barclays set a $58.00 target price on shares of First American Financial and gave the stock a “buy” rating in a report on Friday, February 15th. Finally, Piper Jaffray Companies upgraded shares of First American Financial from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $59.00 to $67.00 in a report on Monday, April 1st.

Shares of NYSE:FAF traded up $0.04 on Friday, hitting $55.04. 11,572 shares of the company’s stock were exchanged, compared to its average volume of 546,369. The company has a market cap of $6.30 billion, a price-to-earnings ratio of 12.01, a price-to-earnings-growth ratio of 1.09 and a beta of 0.88. First American Financial has a 12 month low of $41.96 and a 12 month high of $58.29.

First American Financial (NYSE:FAF) last released its quarterly earnings data on Thursday, April 25th. The insurance provider reported $0.74 earnings per share for the quarter, beating the consensus estimate of $0.69 by $0.05. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.27 billion. First American Financial had a return on equity of 14.51% and a net margin of 8.83%. The firm’s quarterly revenue was up .5% on a year-over-year basis. During the same period in the previous year, the company posted $0.67 earnings per share. On average, analysts forecast that First American Financial will post 4.69 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Monday, June 10th will be paid a dividend of $0.42 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.05%. First American Financial’s payout ratio is 36.68%.

In other news, insider Kenneth D. Degiorgio sold 26,658 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $57.00, for a total transaction of $1,519,506.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Kenneth D. Degiorgio sold 7,052 shares of the business’s stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $51.07, for a total value of $360,145.64. Following the sale, the executive vice president now owns 448,026 shares in the company, valued at approximately $22,880,687.82. The disclosure for this sale can be found here. Insiders have sold 40,314 shares of company stock worth $2,229,350 in the last 90 days. Insiders own 3.00% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Two Sigma Securities LLC boosted its position in First American Financial by 4.3% in the fourth quarter. Two Sigma Securities LLC now owns 4,798 shares of the insurance provider’s stock valued at $214,000 after buying an additional 200 shares during the last quarter. Louisiana State Employees Retirement System boosted its position in First American Financial by 0.7% in the first quarter. Louisiana State Employees Retirement System now owns 29,900 shares of the insurance provider’s stock valued at $1,540,000 after buying an additional 200 shares during the last quarter. State of Alaska Department of Revenue boosted its position in First American Financial by 2.0% in the fourth quarter. State of Alaska Department of Revenue now owns 11,524 shares of the insurance provider’s stock valued at $514,000 after buying an additional 223 shares during the last quarter. First National Bank of Omaha boosted its position in First American Financial by 0.3% in the first quarter. First National Bank of Omaha now owns 98,791 shares of the insurance provider’s stock valued at $5,088,000 after buying an additional 320 shares during the last quarter. Finally, GWM Advisors LLC boosted its position in First American Financial by 1.1% in the fourth quarter. GWM Advisors LLC now owns 30,624 shares of the insurance provider’s stock valued at $1,367,000 after buying an additional 329 shares during the last quarter. Hedge funds and other institutional investors own 84.57% of the company’s stock.

First American Financial Company Profile

First American Financial Corporation, through its subsidiaries, provides financial services. It operates through Title Insurance and Services, and Specialty Insurance segments. The Title Insurance and Services segment issues title insurance policies on residential and commercial property, as well as offers related products and services.

See Also: What is cost of equity?

Receive News & Ratings for First American Financial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for First American Financial and related companies with MarketBeat.com's FREE daily email newsletter.