First American Financial Corp (NYSE:FAF) Short Interest Update

First American Financial Corp (NYSE:FAF) was the recipient of a significant growth in short interest in the month of October. As of October 31st, there was short interest totalling 1,670,000 shares, a growth of 10.6% from the September 30th total of 1,510,000 shares. Approximately 1.5% of the shares of the stock are short sold. Based on an average trading volume of 664,500 shares, the short-interest ratio is presently 2.5 days.

First American Financial stock traded up $0.09 on Friday, reaching $63.90. The company’s stock had a trading volume of 788,167 shares, compared to its average volume of 691,226. The company has a market cap of $7.17 billion, a price-to-earnings ratio of 13.95 and a beta of 0.87. The business’s fifty day moving average price is $60.59 and its 200 day moving average price is $57.10. First American Financial has a twelve month low of $42.53 and a twelve month high of $63.85.

First American Financial (NYSE:FAF) last posted its quarterly earnings data on Thursday, October 24th. The insurance provider reported $1.64 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.20. The company had revenue of $1.67 billion for the quarter, compared to analyst estimates of $1.62 billion. First American Financial had a return on equity of 15.21% and a net margin of 9.76%. The business’s revenue was up 8.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.34 earnings per share. As a group, equities research analysts forecast that First American Financial will post 5.38 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 9th will be paid a $0.42 dividend. This represents a $1.68 dividend on an annualized basis and a yield of 2.63%. The ex-dividend date of this dividend is Friday, December 6th. First American Financial’s dividend payout ratio is currently 36.68%.

A number of analysts have weighed in on FAF shares. Piper Jaffray Companies set a $68.00 price target on First American Financial and gave the company a “buy” rating in a research report on Friday, July 26th. Barclays set a $68.00 price objective on First American Financial and gave the stock a “buy” rating in a research note on Friday, July 26th. ValuEngine raised First American Financial from a “strong sell” rating to a “sell” rating in a research note on Monday, November 4th. Compass Point set a $60.00 price objective on First American Financial and gave the stock a “hold” rating in a research note on Friday, July 26th. Finally, Zacks Investment Research lowered First American Financial from a “buy” rating to a “hold” rating and set a $68.00 price objective on the stock. in a research note on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $67.40.

In other First American Financial news, CFO Mark Edward Seaton sold 8,069 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $61.93, for a total value of $499,713.17. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 3.00% of the company’s stock.

Institutional investors have recently bought and sold shares of the business. Usca Ria LLC acquired a new position in shares of First American Financial during the third quarter valued at $29,000. NewSquare Capital LLC acquired a new position in shares of First American Financial during the second quarter valued at $41,000. NEXT Financial Group Inc lifted its stake in shares of First American Financial by 235.0% during the third quarter. NEXT Financial Group Inc now owns 1,005 shares of the insurance provider’s stock valued at $59,000 after acquiring an additional 705 shares during the period. Signaturefd LLC lifted its stake in shares of First American Financial by 22.5% during the second quarter. Signaturefd LLC now owns 1,136 shares of the insurance provider’s stock valued at $61,000 after acquiring an additional 209 shares during the period. Finally, CENTRAL TRUST Co acquired a new position in shares of First American Financial during the third quarter valued at $77,000. 83.54% of the stock is currently owned by institutional investors.

About First American Financial

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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