What is DOWLING & PARTN's Forecast for FAF FY2028 Earnings?

Key Points

• DOWLING & PARTN raised its FY2028 EPS forecast for First American Financial to $7.30, up from $7.10 and above the broader full-year consensus estimate of $6.94.
• First American Financial reported quarterly EPS of $1.78, missing the $1.85 consensus, while revenue of $2.09 billion was slightly below the $2.10 billion estimate.
• Analyst sentiment remains favorable, with seven Buy ratings and one Hold rating, a “Moderate Buy” consensus, and an average price target of $81.60 versus the stock’s reported $63.64 opening price.

First American Financial Corporation (NYSE:FAF - Free Report) - Equities researchers at DOWLING & PARTN upped their FY2028 earnings per share estimates for shares of First American Financial in a research note issued on Tuesday, October 27th. DOWLING & PARTN analyst G. Dunn now expects that the insurance provider will earn $7.30 per share for the year, up from their prior forecast of $7.10. The consensus estimate for First American Financial's current full-year earnings is $6.94 per share.

First American Financial (NYSE:FAF - Get Free Report) last issued its quarterly earnings results on Wednesday, October 21st. The insurance provider reported $1.78 EPS for the quarter, missing analysts' consensus estimates of $1.85 by ($0.07). First American Financial had a return on equity of 13.41% and a net margin of 9.05%. The company had revenue of $2.09 billion during the quarter, compared to the consensus estimate of $2.10 billion. During the same quarter in the previous year, the business posted $1.84 EPS.

Several other brokerages have also issued reports on FAF. Weiss Ratings reaffirmed a "buy (b)" rating on shares of First American Financial in a research report on Friday, October 16th. Truist Financial decreased their price objective on First American Financial from $80.00 to $78.00 and set a "buy" rating for the company in a report on Friday, October 23rd. Keefe, Bruyette & Woods increased their price objective on First American Financial from $84.00 to $86.00 and gave the stock an "outperform" rating in a research note on Friday, July 24th. Barclays dropped their price target on shares of First American Financial from $79.00 to $75.00 and set an "overweight" rating on the stock in a research report on Friday, October 23rd. Finally, Benchmark assumed coverage on shares of First American Financial in a research note on Tuesday, July 21st. They issued a "buy" rating and a $85.00 target price on the stock. Seven investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, First American Financial currently has a consensus rating of "Moderate Buy" and an average target price of $81.60.

First American Financial Stock Up 0.1%

Shares of FAF stock opened at $63.64 on Friday. First American Financial has a twelve month low of $56.20 and a twelve month high of $79.87. The firm has a market capitalization of $6.50 billion, a P/E ratio of 8.85, a P/E/G ratio of 0.60 and a beta of 1.24. The stock's fifty day simple moving average is $67.73 and its 200 day simple moving average is $67.31.

First American Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 5th. Stockholders of record on Monday, September 28th were paid a dividend of $0.55 per share. The ex-dividend date of this dividend was Monday, September 28th. This represents a $2.20 annualized dividend and a dividend yield of 3.5%. First American Financial's payout ratio is 34.37%.

Institutional Trading of First American Financial

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Vise Technologies Inc. bought a new position in First American Financial in the 3rd quarter worth about $248,000. VIRGINIA RETIREMENT SYSTEMS ET Al raised its stake in shares of First American Financial by 370.8% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 30,600 shares of the insurance provider's stock valued at $1,859,000 after acquiring an additional 24,100 shares in the last quarter. Choreo LLC raised its stake in shares of First American Financial by 12.8% during the third quarter. Choreo LLC now owns 5,888 shares of the insurance provider's stock valued at $361,000 after acquiring an additional 669 shares in the last quarter. Sterling Capital Management LLC boosted its holdings in shares of First American Financial by 123.6% in the third quarter. Sterling Capital Management LLC now owns 39,467 shares of the insurance provider's stock valued at $2,397,000 after purchasing an additional 21,819 shares during the period. Finally, Root Financial Partners LLC purchased a new stake in shares of First American Financial in the third quarter valued at approximately $32,000. 89.05% of the stock is currently owned by hedge funds and other institutional investors.

About First American Financial

First American Financial Corporation NYSE: FAF is a provider of title insurance, settlement services and financial technology solutions for the real estate and mortgage industries. Through its First American Title operations, the company helps protect property owners, lenders and other parties against title defects and related risks during real estate transactions.

The company's services include title searches and examination, title insurance policies, escrow and closing services, and transaction coordination.

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