First American Financial (NYSE:FAF) Announces Earnings Results

First American Financial (NYSE:FAF) announced its quarterly earnings data on Wednesday. The insurance provider reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.22, Zacks reports. First American Financial had a net margin of 1.58% and a return on equity of 7.95%.

First American Financial Trading Down 1.4 %

Shares of NYSE:FAF opened at $62.61 on Thursday. The stock’s fifty day simple moving average is $62.95 and its two-hundred day simple moving average is $63.90. The stock has a market cap of $6.45 billion, a PE ratio of 70.35 and a beta of 1.33. First American Financial has a 1-year low of $51.60 and a 1-year high of $70.92.

First American Financial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be issued a $0.54 dividend. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.45%. First American Financial’s dividend payout ratio is presently 242.70%.

Analysts Set New Price Targets

FAF has been the topic of a number of research reports. Barclays upped their price target on First American Financial from $70.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Truist Financial upped their target price on First American Financial from $68.00 to $73.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Keefe, Bruyette & Woods reduced their price target on shares of First American Financial from $80.00 to $74.00 and set a “market perform” rating for the company in a research report on Wednesday, January 8th. Finally, Stephens boosted their price target on shares of First American Financial from $66.00 to $73.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Two research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $73.00.

About First American Financial

First American Financial Corporation, through its subsidiaries, provides financial services. It operates through Title Insurance and Services, and Home Warranty segments. The Title Insurance and Services segment issues title insurance policies on residential and commercial property, as well as offers related products and services internationally.