First American Financial - FAF Stock Forecast, Price & News

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. This segment also provides closing and/or escrow services; products, services, and solutions to mitigate risk or otherwise facilitate real estate transactions; and appraisals and other valuation-related products and services, lien release and document custodial services, warehouse lending services, default-related products and services, mortgage subservicing, and related products and services, as well as banking, trust, and wealth management services. In addition, it accommodates tax-deferred exchanges of real estate; and maintains, manages, and provides access to title plant data and records. This segment offers its products through a network of direct operations and agents in 49 states and in the District of Columbia, as well as in Canada, the United Kingdom, Australia, South Korea, and internationally. The Specialty Insurance segment provides property and casualty insurance comprising coverage to residential homeowners and renters for liability losses and typical hazards, such as fire, theft, vandalism, and other types of property damage. It also offers residential service contracts that cover residential systems, such as heating and air conditioning systems, and appliances against failures that occur as the result of normal usage during the coverage period. First American Financial Corporation was founded in 1889 and is headquartered in Santa Ana, California.

First American Financial Trading Down 0.5 %

FAF traded down $0.31 during trading hours on Monday, hitting $58.96. 331,453 shares of the company's stock were exchanged, compared to its average volume of 785,747. First American Financial has a 12-month low of $48.81 and a 12-month high of $81.54. The firm has a 50 day moving average of $54.80 and a 200 day moving average of $60.93. The firm has a market cap of $6.14 billion, a P/E ratio of 7.17 and a beta of 1.21.

First American Financial (NYSE:FAF - Get Rating) last announced its quarterly earnings data on Thursday, July 28th. The insurance provider reported $2.23 EPS for the quarter, beating analysts' consensus estimates of $1.62 by $0.61. The company had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $2.12 billion. First American Financial had a net margin of 10.11% and a return on equity of 15.41%. The company's quarterly revenue was down 9.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.13 EPS. As a group, research analysts expect that First American Financial will post 6.41 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on FAF shares. Barclays reduced their price target on shares of First American Financial from $87.00 to $83.00 and set an "overweight" rating on the stock in a research note on Monday, July 11th. BTIG Research reduced their price target on shares of First American Financial from $81.00 to $79.00 and set a "buy" rating on the stock in a research note on Friday, July 8th. Finally, Truist Financial reduced their price target on shares of First American Financial from $86.00 to $77.00 and set a "buy" rating on the stock in a research note on Wednesday, July 13th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, First American Financial currently has an average rating of "Moderate Buy" and an average target price of $64.68.

Insider Buying and Selling at First American Financial

In other news, COO Christopher Michael Leavell sold 39,206 shares of First American Financial stock in a transaction that occurred on Monday, May 23rd. The shares were sold at an average price of $59.61, for a total transaction of $2,337,069.66. Following the sale, the chief operating officer now owns 166,465 shares in the company, valued at $9,922,978.65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.40% of the stock is currently owned by corporate insiders.