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.

Analyst Ratings Changes

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

First American Financial Trading Down 0.4 %

Shares of FAF traded down $0.26 during trading hours on Friday, reaching $58.86. 440 shares of the company's stock traded hands, compared to its average volume of 532,681. The stock has a market cap of $6.13 billion, a PE ratio of 7.19 and a beta of 1.21. The firm's 50 day simple moving average is $54.79 and its 200-day simple moving average is $60.80. First American Financial has a 12 month low of $48.81 and a 12 month high of $81.54.

First American Financial (NYSE:FAF - Get Rating) last released its earnings results on Thursday, July 28th. The insurance provider reported $2.23 earnings per share for the quarter, topping analysts' consensus estimates of $1.62 by $0.61. The company had revenue of $2.06 billion during the quarter, compared to the consensus estimate of $2.12 billion. First American Financial had a return on equity of 15.41% and a net margin of 10.11%. First American Financial's quarterly revenue was down 9.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.13 EPS. As a group, analysts expect that First American Financial will post 6.17 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, COO Christopher Michael Leavell sold 39,206 shares of the business's stock in a transaction that occurred on 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 completion of the sale, the chief operating officer now owns 166,465 shares in the company, valued at approximately $9,922,978.65. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 3.20% of the stock is currently owned by corporate insiders.