First American Financial (NYSE:FAF) Price Target Raised to $78.00 at Stephens

First American Financial (NYSE:FAF) had its price target upped by Stephens from $73.00 to $78.00 in a report released on Friday,Benzinga reports. The brokerage currently has an overweight rating on the insurance provider’s stock.

A number of other analysts also recently weighed in on FAF. Keefe, Bruyette & Woods decreased their target price 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. Barclays increased their target price on shares of First American Financial from $70.00 to $72.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Finally, Truist Financial increased their target price on shares of First American Financial from $68.00 to $73.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $74.25.

First American Financial Price Performance

First American Financial stock opened at $63.77 on Friday. The business has a 50 day moving average of $62.73 and a 200-day moving average of $63.92. First American Financial has a 1 year low of $51.60 and a 1 year high of $70.92. The company has a market capitalization of $6.57 billion, a P/E ratio of 71.65 and a beta of 1.33.

First American Financial (NYSE:FAF) last released its quarterly earnings data on Wednesday, February 12th. The insurance provider reported $1.35 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.13 by $0.22. First American Financial had a return on equity of 7.95% and a net margin of 1.58%. Equities analysts anticipate that First American Financial will post 4.07 EPS for the current year.

First American Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 3.39%. The ex-dividend date is Monday, March 10th. First American Financial’s dividend payout ratio (DPR) is 242.70%.

Institutional Trading of First American Financial

Several large investors have recently modified their holdings of the stock. AQR Capital Management LLC grew its position in shares of First American Financial by 6.6% during the 4th quarter. AQR Capital Management LLC now owns 444,234 shares of the insurance provider’s stock worth $27,671,000 after buying an additional 27,625 shares during the period. Northern Trust Corp grew its position in shares of First American Financial by 5.5% during the 4th quarter. Northern Trust Corp now owns 1,030,622 shares of the insurance provider’s stock worth $64,352,000 after buying an additional 53,513 shares during the period. The Manufacturers Life Insurance Company grew its position in shares of First American Financial by 0.3% during the 4th quarter. The Manufacturers Life Insurance Company now owns 84,344 shares of the insurance provider’s stock worth $5,266,000 after buying an additional 230 shares during the period. Quarry LP acquired a new stake in shares of First American Financial during the 4th quarter worth approximately $179,000. Finally, Boothbay Fund Management LLC acquired a new stake in shares of First American Financial during the 4th quarter worth approximately $468,000. Institutional investors and hedge funds own 89.05% of the company’s stock.

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.