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 Up 1.2 %

Shares of NYSE:FAF traded up $0.69 on Thursday, reaching $58.44. The company had a trading volume of 20,657 shares, compared to its average volume of 584,386. The firm has a market capitalization of $6.09 billion, a PE ratio of 7.03 and a beta of 1.21. First American Financial has a 52-week low of $48.81 and a 52-week high of $81.54. The firm's 50 day simple moving average is $54.89 and its 200-day simple moving average is $61.40.

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

Wall Street Analyst Weigh In

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

Insider Activity at First American Financial

In other First American Financial news, COO Christopher Michael Leavell sold 39,206 shares of the company's stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $59.61, for a total value of $2,337,069.66. Following the completion of the transaction, 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 accessible through this hyperlink. 3.20% of the stock is currently owned by corporate insiders.