First American Financial (NYSE:FAF) Given New $82.00 Price Target at Truist Financial

First American Financial (NYSE:FAF) had its price target raised by Truist Financial from $76.00 to $82.00 in a report released on Tuesday, Marketbeat.com reports. They currently have a buy rating on the insurance provider’s stock.

Several other research analysts also recently weighed in on FAF. Barclays lifted their price target on shares of First American Financial from $68.00 to $70.00 and gave the stock an “equal weight” rating in a research note on Friday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of First American Financial in a report on Friday, December 26th. Stephens initiated coverage on First American Financial in a research report on Friday, November 14th. They set an “equal weight” rating on the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of First American Financial in a research report on Friday. Finally, Wall Street Zen raised shares of First American Financial from a “hold” rating to a “buy” rating in a report on Sunday, December 14th. Four research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, First American Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $77.67.

First American Financial Stock Performance

Shares of NYSE:FAF opened at $67.94 on Tuesday. The stock’s 50-day simple moving average is $63.26 and its two-hundred day simple moving average is $63.70. The stock has a market capitalization of $6.92 billion, a price-to-earnings ratio of 11.31, a PEG ratio of 0.72 and a beta of 1.27. First American Financial has a 52-week low of $53.09 and a 52-week high of $68.75.

First American Financial (NYSE:FAF) last issued its quarterly earnings data on Wednesday, February 11th. The insurance provider reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.49 by $0.50. The firm had revenue of $2 billion for the quarter, compared to analysts’ expectations of $1.80 billion. First American Financial had a net margin of 8.34% and a return on equity of 11.93%. The business’s quarterly revenue was up 21.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.35 EPS. As a group, equities analysts forecast that First American Financial will post 5.35 earnings per share for the current fiscal year.

First American Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 16th. Shareholders 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 yield of 3.2%. First American Financial’s payout ratio is presently 36.61%.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. V Square Quantitative Management LLC bought a new position in First American Financial during the fourth quarter valued at approximately $27,000. Global Retirement Partners LLC boosted its position in shares of First American Financial by 1,107.5% during the 4th quarter. Global Retirement Partners LLC now owns 483 shares of the insurance provider’s stock valued at $30,000 after acquiring an additional 443 shares during the last quarter. SJS Investment Consulting Inc. boosted its position in shares of First American Financial by 2,887.5% during the 3rd quarter. SJS Investment Consulting Inc. now owns 478 shares of the insurance provider’s stock valued at $31,000 after acquiring an additional 462 shares during the last quarter. Elevation Point Wealth Partners LLC bought a new stake in First American Financial in the second quarter worth $35,000. Finally, Atlantic Union Bankshares Corp purchased a new stake in First American Financial during the second quarter valued at $36,000. Hedge funds and other institutional investors own 89.05% of the company’s stock.

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.