Brokerages Set First American Financial Corporation (NYSE:FAF) Target Price at $75.75

Shares of First American Financial Corporation (NYSE:FAF) have earned an average recommendation of “Moderate Buy” from the five brokerages that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $75.75.

A number of research analysts recently commented on FAF shares. Keefe, Bruyette & Woods upped their price target on shares of First American Financial from $79.00 to $81.00 and gave the company an “outperform” rating in a research note on Thursday, December 18th. Barclays decreased their target price on First American Financial from $71.00 to $68.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 6th. Weiss Ratings reiterated a “buy (b-)” rating on shares of First American Financial in a research note on Friday, December 26th. Wall Street Zen upgraded First American Financial from a “hold” rating to a “buy” rating in a research note on Sunday, December 14th. Finally, Truist Financial upped their price objective on First American Financial from $73.00 to $76.00 and gave the company a “buy” rating in a report on Thursday, October 23rd.

Institutional Trading of First American Financial

Hedge funds and other institutional investors have recently bought and sold shares of the business. Thrivent Financial for Lutherans lifted its position in shares of First American Financial by 129.0% during the 2nd quarter. Thrivent Financial for Lutherans now owns 64,774 shares of the insurance provider’s stock valued at $3,976,000 after acquiring an additional 36,485 shares during the period. AXQ Capital LP raised its stake in First American Financial by 29.4% in the second quarter. AXQ Capital LP now owns 10,880 shares of the insurance provider’s stock valued at $668,000 after purchasing an additional 2,470 shares in the last quarter. Pacer Advisors Inc. acquired a new position in First American Financial in the third quarter valued at about $1,215,000. Jump Financial LLC lifted its position in First American Financial by 329.6% during the second quarter. Jump Financial LLC now owns 150,989 shares of the insurance provider’s stock worth $9,269,000 after purchasing an additional 115,845 shares during the period. Finally, Reinhart Partners LLC. grew its stake in First American Financial by 31.3% during the third quarter. Reinhart Partners LLC. now owns 1,598,007 shares of the insurance provider’s stock worth $102,657,000 after buying an additional 380,744 shares in the last quarter. Institutional investors and hedge funds own 89.05% of the company’s stock.

First American Financial Price Performance

Shares of First American Financial stock opened at $67.42 on Thursday. The business has a fifty day simple moving average of $62.96 and a two-hundred day simple moving average of $63.36. First American Financial has a 1 year low of $53.09 and a 1 year high of $68.75. The company has a market capitalization of $6.87 billion, a price-to-earnings ratio of 14.50, a P/E/G ratio of 0.72 and a beta of 1.27.

First American Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Investors of record on Monday, March 9th will be paid a $0.55 dividend. The ex-dividend date is Monday, March 9th. This represents a $2.20 annualized dividend and a dividend yield of 3.3%. First American Financial’s dividend payout ratio is 47.31%.

First American Financial Company Profile

First American Financial Corporation is a leading provider of title insurance, settlement services and diversified real estate-related data and analytics. Headquartered in Santa Ana, California, the company serves customers throughout the United States as well as in Canada, Europe, Latin America and Asia. Its business is built on the underwriting capabilities of its title insurance operations combined with comprehensive closing and escrow services for homebuyers, sellers, mortgage lenders and real estate professionals.

The company’s title insurance segment issues policies that protect property owners and mortgage lenders against defects in titles, liens or encumbrances that can arise during real property transactions.