First American Financial (NYSE:FAF) Upgraded at Wall Street Zen

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

Several other research firms have also weighed in on FAF. Keefe, Bruyette & Woods raised their price objective on First American Financial from $75.00 to $77.00 and gave the company an "outperform" rating in a research note on Monday, April 28th. Barclays raised their price objective on First American Financial from $69.00 to $72.00 and gave the company an "equal weight" rating in a research note on Friday, April 25th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $75.00.

First American Financial Trading Up 0.4%

FAF stock traded up $0.22 during trading hours on Friday, hitting $61.35. 1,577,053 shares of the stock were exchanged, compared to its average volume of 741,119. First American Financial has a 12 month low of $52.39 and a 12 month high of $70.92. The firm has a market capitalization of $6.31 billion, a P/E ratio of 40.63 and a beta of 1.22. The company has a 50-day simple moving average of $58.71 and a two-hundred day simple moving average of $61.47.

First American Financial (NYSE:FAF - Get Free Report) last issued its quarterly earnings results on Wednesday, April 23rd. The insurance provider reported $0.84 EPS for the quarter, topping analysts' consensus estimates of $0.65 by $0.19. First American Financial had a return on equity of 10.05% and a net margin of 2.52%. The company had revenue of $1.58 billion for the quarter, compared to analysts' expectations of $1.53 billion. During the same quarter last year, the business earned $0.45 earnings per share. First American Financial's revenue was up 11.1% on a year-over-year basis. On average, equities research analysts predict that First American Financial will post 5.35 earnings per share for the current year.

Institutional Trading of First American Financial

A number of hedge funds have recently made changes to their positions in FAF. Alpine Bank Wealth Management acquired a new stake in shares of First American Financial during the first quarter valued at about $28,000. Richardson Capital Management LLC acquired a new stake in shares of First American Financial during the first quarter valued at about $39,000. Jones Financial Companies Lllp boosted its stake in shares of First American Financial by 57.6% during 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 in the last quarter. Versant Capital Management Inc boosted its stake in shares of First American Financial by 645.7% during the first quarter. Versant Capital Management Inc now owns 962 shares of the insurance provider's stock valued at $63,000 after purchasing an additional 833 shares in the last quarter. Finally, Ransom Advisory Ltd acquired a new stake in shares of First American Financial during the first quarter valued at about $66,000. 89.05% of the stock is owned by institutional investors and hedge funds.

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.