Zacks Investment Research upgraded shares of First American Financial (NYSE:FAF) from a sell rating to a hold rating in a report published on Thursday.
According to Zacks, “First American Financial Corporation provides financial services through its Title Insurance and Services segment and its Specialty Insurance segment. The Title Insurance and Services segment provides title insurance policies and provides escrow and real estate closing services on residential and commercial property. It also maintains, manages, and provides access to automated title plant records and images; accommodates tax-deferred exchanges of real estate; and provides investment advisory, trust, lending, and deposit services. The Specialty Insurance segment offers property and casualty insurance, including homeowners insurance, as well as provides home warranty policies. This segment markets its property and casualty insurance products through direct distribution channels, including employees and agents, as well as a network of brokers. First American Financial Corporation is based in Santa Ana, California. “
Separately, ValuEngine raised shares of First American Financial from a sell rating to a hold rating in a research report on Friday, January 4th. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of Hold and an average target price of $57.50.
Shares of NYSE:FAF opened at $47.07 on Thursday. First American Financial has a 12 month low of $41.96 and a 12 month high of $62.71. The stock has a market capitalization of $5.19 billion, a P/E ratio of 17.12, a price-to-earnings-growth ratio of 0.94 and a beta of 0.84.
First American Financial (NYSE:FAF) last posted its quarterly earnings data on Thursday, October 25th. The insurance provider reported $1.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.28 by ($0.02). First American Financial had a return on equity of 13.68% and a net margin of 10.39%. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.55 billion. On average, research analysts expect that First American Financial will post 4.5 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, December 17th. Stockholders of record on Monday, December 10th were given a dividend of $0.42 per share. This represents a $1.68 dividend on an annualized basis and a dividend yield of 3.57%. The ex-dividend date of this dividend was Friday, December 7th. First American Financial’s dividend payout ratio (DPR) is presently 61.09%.
Several large investors have recently modified their holdings of the company. State of Alaska Department of Revenue increased its position in shares of First American Financial by 2.0% during the fourth quarter. State of Alaska Department of Revenue now owns 11,524 shares of the insurance provider’s stock worth $514,000 after acquiring an additional 223 shares during the period. First Hawaiian Bank increased its holdings in First American Financial by 5.4% during the fourth quarter. First Hawaiian Bank now owns 10,215 shares of the insurance provider’s stock valued at $456,000 after buying an additional 520 shares during the period. MetLife Investment Advisors LLC increased its holdings in First American Financial by 1.5% during the second quarter. MetLife Investment Advisors LLC now owns 70,106 shares of the insurance provider’s stock valued at $3,626,000 after buying an additional 1,010 shares during the period. IMS Capital Management purchased a new position in First American Financial during the third quarter valued at approximately $52,000. Finally, Chicago Equity Partners LLC increased its holdings in First American Financial by 1.2% during the third quarter. Chicago Equity Partners LLC now owns 89,860 shares of the insurance provider’s stock valued at $4,636,000 after buying an additional 1,105 shares during the period. 84.48% of the stock is currently owned by institutional investors and hedge funds.
First American Financial Company Profile
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.
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