First American Financial Corp (NYSE:FAF) Given Consensus Recommendation of “Hold” by Analysts

First American Financial Corp (NYSE:FAF) has been given a consensus recommendation of “Hold” by the eight brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $58.17.

A number of equities analysts recently issued reports on FAF shares. Keefe, Bruyette & Woods upped their price target on shares of First American Financial from $57.00 to $60.00 and gave the stock an “outperform” rating in a research note on Tuesday, July 7th. Barclays boosted their target price on First American Financial from $60.00 to $62.00 and gave the stock an “overweight” rating in a research report on Friday, October 9th.

Large investors have recently modified their holdings of the business. Raymond James & Associates increased its position in shares of First American Financial by 0.3% during the 2nd quarter. Raymond James & Associates now owns 68,912 shares of the insurance provider’s stock valued at $3,309,000 after purchasing an additional 198 shares during the last quarter. AlphaStar Capital Management LLC increased its position in shares of First American Financial by 3.7% during the 2nd quarter. AlphaStar Capital Management LLC now owns 6,607 shares of the insurance provider’s stock valued at $349,000 after purchasing an additional 234 shares during the last quarter. Ninety One SA PTY Ltd increased its position in shares of First American Financial by 54.3% during the 2nd quarter. Ninety One SA PTY Ltd now owns 699 shares of the insurance provider’s stock valued at $33,000 after purchasing an additional 246 shares during the last quarter. Mutual of America Capital Management LLC increased its position in shares of First American Financial by 0.3% during the 2nd quarter. Mutual of America Capital Management LLC now owns 104,753 shares of the insurance provider’s stock valued at $5,030,000 after purchasing an additional 265 shares during the last quarter. Finally, Commonwealth Equity Services LLC increased its position in shares of First American Financial by 3.8% during the 2nd quarter. Commonwealth Equity Services LLC now owns 8,301 shares of the insurance provider’s stock valued at $398,000 after purchasing an additional 307 shares during the last quarter. 83.38% of the stock is owned by institutional investors and hedge funds.

First American Financial stock traded up $1.30 during mid-day trading on Friday, reaching $54.43. The stock had a trading volume of 861,241 shares, compared to its average volume of 964,510. The company has a market capitalization of $6.07 billion, a price-to-earnings ratio of 9.57 and a beta of 1.05. The company has a 50-day moving average price of $52.20 and a two-hundred day moving average price of $49.53. First American Financial has a one year low of $29.36 and a one year high of $66.78.

First American Financial (NYSE:FAF) last announced its quarterly earnings results on Thursday, July 23rd. The insurance provider reported $1.05 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.75 by $0.30. The company had revenue of $1.61 billion for the quarter, compared to analysts’ expectations of $1.46 billion. First American Financial had a net margin of 10.05% and a return on equity of 14.27%. First American Financial’s revenue was up 7.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.64 EPS. On average, analysts forecast that First American Financial will post 4.66 EPS for the current year.

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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Analyst Recommendations for First American Financial (NYSE:FAF)

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