Zacks Research Brokers Raise Earnings Estimates for FAF

First American Financial Corporation (NYSE:FAF) – Equities researchers at Zacks Research increased their Q3 2028 earnings estimates for First American Financial in a research report issued on Monday, September 28th. Zacks Research analyst Team now expects that the insurance provider will earn $2.10 per share for the quarter, up from their previous estimate of $2.06. Zacks Research has a “Hold” rating on the stock. The consensus estimate for First American Financial’s current full-year earnings is $7.12 per share.

A number of other equities research analysts also recently issued reports on FAF. Weiss Ratings reissued a “buy (b)” rating on shares of First American Financial in a research report on Monday, July 20th. Benchmark started coverage on First American Financial in a report on Tuesday, July 21st. They issued a “buy” rating and a $85.00 price objective on the stock. Stephens reaffirmed an “overweight” rating and issued a $84.00 price objective on shares of First American Financial in a research note on Friday, June 12th. Barclays boosted their target price on First American Financial from $80.00 to $83.00 and gave the stock an “overweight” rating in a report on Tuesday, July 7th. Finally, Keefe, Bruyette & Woods increased their target price on shares of First American Financial from $84.00 to $86.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Seven investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $84.60.

First American Financial Stock Up 1.7%

FAF stock opened at $62.56 on Friday. The company has a market cap of $6.39 billion, a price-to-earnings ratio of 8.67, a PEG ratio of 0.58 and a beta of 1.24. The business has a fifty day simple moving average of $71.91 and a 200-day simple moving average of $68.41. First American Financial has a 52 week low of $56.20 and a 52 week high of $79.87.

First American Financial (NYSE:FAF) last announced its quarterly earnings results on Wednesday, July 22nd. The insurance provider reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.80 by $0.28. First American Financial had a net margin of 9.33% and a return on equity of 13.31%. The company had revenue of $2.11 billion for the quarter, compared to analyst estimates of $2.03 billion. During the same quarter last year, the business earned $1.53 EPS. First American Financial’s revenue for the quarter was up 15.0% on a year-over-year basis.

Hedge Funds Weigh In On First American Financial

A number of institutional investors and hedge funds have recently bought and sold shares of FAF. Versant Capital Management Inc increased its stake in First American Financial by 5.8% during the third quarter. Versant Capital Management Inc now owns 5,601 shares of the insurance provider’s stock valued at $340,000 after purchasing an additional 307 shares during the last quarter. QRG Capital Management Inc. lifted its position in shares of First American Financial by 53.9% in the 2nd quarter. QRG Capital Management Inc. now owns 11,742 shares of the insurance provider’s stock worth $805,000 after buying an additional 4,111 shares during the last quarter. Integrated Wealth Concepts LLC acquired a new position in shares of First American Financial in the 2nd quarter valued at about $73,000. Paragon Capital Management Ltd bought a new stake in shares of First American Financial during the 2nd quarter valued at about $223,000. Finally, Nykredit A S bought a new stake in shares of First American Financial during the 2nd quarter valued at about $242,000. Hedge funds and other institutional investors own 89.05% of the company’s stock.

Insider Buying and Selling at First American Financial

In other news, CAO Steven Adams sold 3,253 shares of the stock in a transaction dated Friday, July 24th. The stock was sold at an average price of $74.99, for a total value of $243,942.47. Following the completion of the sale, the chief accounting officer owned 10,234 shares in the company, valued at approximately $767,447.66. This trade represents a 24.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.50% of the stock is owned by insiders.

First American Financial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, October 5th. Stockholders of record on Monday, September 28th will be given a $0.55 dividend. The ex-dividend date of this dividend is Monday, September 28th. This represents a $2.20 annualized dividend and a dividend yield of 3.5%. First American Financial’s dividend payout ratio is presently 33.80%.

About First American Financial

First American Financial Corporation (NYSE: FAF) provides title insurance, settlement services and related real estate transaction solutions. Through its title insurance operations, the company protects property buyers, lenders and other parties against certain losses arising from defects in title, liens and other issues affecting ownership or mortgage interests.

The company also offers escrow and closing services, title search and examination, property information, valuation, mortgage subservicing and other technology-enabled solutions for the real estate and mortgage industries.