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 Stock Up 0.3 %

Shares of FAF traded up $0.19 during trading hours on Friday, reaching $55.41. The company's stock had a trading volume of 352,462 shares, compared to its average volume of 604,990. The firm has a market cap of $5.77 billion, a price-to-earnings ratio of 6.74 and a beta of 1.21. The company has a 50 day moving average of $55.10 and a two-hundred day moving average of $61.68. First American Financial has a 1-year low of $48.81 and a 1-year high of $81.54.

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

First American Financial Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Shareholders of record on Wednesday, June 8th were issued a dividend of $0.51 per share. The ex-dividend date of this dividend was Tuesday, June 7th. This represents a $2.04 annualized dividend and a yield of 3.68%. First American Financial's dividend payout ratio (DPR) is currently 24.82%.

Analysts Set New Price Targets

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

Insider Activity at First American Financial

In other news, COO Christopher Michael Leavell sold 39,206 shares of First American Financial stock in a transaction dated Monday, May 23rd. The stock was sold at an average price of $59.61, for a total value of $2,337,069.66. Following the transaction, the chief operating officer now directly owns 166,465 shares in the company, valued at $9,922,978.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 3.20% of the stock is owned by company insiders.