First American Financial (NYSE:FAF) Downgraded to Hold Rating by Wall Street Zen

First American Financial (NYSE:FAF - Get Free Report) was downgraded by equities research analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Friday.

Other research analysts also recently issued research reports about the stock. Keefe, Bruyette & Woods upped their price objective on shares of First American Financial from $75.00 to $77.00 and gave the stock an "outperform" rating in a research report on Monday, April 28th. Stephens upped their price objective on shares of First American Financial from $73.00 to $78.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Finally, Barclays boosted their target price on shares of First American Financial from $69.00 to $72.00 and gave the company an "equal weight" rating in a report on Friday, April 25th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $75.00.

First American Financial Price Performance

NYSE FAF traded up $0.59 on Friday, hitting $56.37. The stock had a trading volume of 818,121 shares, compared to its average volume of 705,663. First American Financial has a 52-week low of $51.85 and a 52-week high of $70.92. The business's fifty day moving average price is $59.18 and its 200 day moving average price is $62.47. The stock has a market cap of $5.80 billion, a price-to-earnings ratio of 45.10 and a beta of 1.22.

First American Financial (NYSE:FAF - Get Free Report) last posted its quarterly earnings data on Wednesday, April 23rd. The insurance provider reported $0.84 EPS for the quarter, topping the consensus estimate of $0.65 by $0.19. First American Financial had a net margin of 2.14% and a return on equity of 9.35%. The business had revenue of $1.58 billion during the quarter, compared to the consensus estimate of $1.53 billion. During the same period in the previous year, the firm posted $0.45 earnings per share. The business's revenue for the quarter was up 11.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that First American Financial will post 5.35 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Alpine Bank Wealth Management purchased a new position in First American Financial during the 1st quarter worth $28,000. Richardson Capital Management LLC acquired a new stake in shares of First American Financial in the first quarter valued at about $39,000. Jones Financial Companies Lllp lifted its stake in shares of First American Financial by 57.6% in the fourth quarter. Jones Financial Companies Lllp now owns 670 shares of the insurance provider's stock valued at $42,000 after purchasing an additional 245 shares during the period. Versant Capital Management Inc increased its holdings in First American Financial by 645.7% during the 1st quarter. Versant Capital Management Inc now owns 962 shares of the insurance provider's stock valued at $63,000 after acquiring an additional 833 shares in the last quarter. Finally, Ransom Advisory Ltd purchased a new position in First American Financial during the 1st quarter valued at about $66,000. 89.05% of the stock is owned by hedge funds and other institutional investors.

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.

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