First American Financial (FAF) Scheduled to Post Quarterly Earnings on Thursday

First American Financial (NYSE:FAF) is scheduled to announce its earnings results before the market opens on Thursday, February 8th. Analysts expect the company to announce earnings of $0.91 per share for the quarter.

First American Financial (NYSE FAF) opened at $56.61 on Tuesday. First American Financial has a one year low of $37.51 and a one year high of $62.71. The firm has a market cap of $6,441.81, a P/E ratio of 22.38, a price-to-earnings-growth ratio of 1.06 and a beta of 0.79.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Thursday, March 8th will be paid a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date of this dividend is Wednesday, March 7th. First American Financial’s dividend payout ratio is 60.08%.

In related news, COO Christopher Michael Leavell sold 75,843 shares of the firm’s stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $55.25, for a total value of $4,190,325.75. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Mark Edward Seaton sold 9,981 shares of the firm’s stock in a transaction that occurred on Wednesday, November 8th. The stock was sold at an average price of $54.87, for a total transaction of $547,657.47. The disclosure for this sale can be found here. In the last quarter, insiders have sold 193,161 shares of company stock worth $10,639,325. Corporate insiders own 3.10% of the company’s stock.

A number of equities research analysts have recently commented on the stock. ValuEngine upgraded shares of First American Financial from a “hold” rating to a “buy” rating in a report on Friday. Zacks Investment Research upgraded shares of First American Financial from a “hold” rating to a “strong-buy” rating and set a $61.00 price target on the stock in a report on Monday, October 30th. Barclays increased their price target on shares of First American Financial from $52.00 to $60.00 and gave the company an “overweight” rating in a report on Friday, October 27th. Finally, Stephens upgraded shares of First American Financial from an “equal” rating to a “weight” rating in a report on Monday, January 8th. One equities research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $54.00.

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First American Financial Company Profile

First American Financial Corporation, through its subsidiaries, is engaged in the business of providing financial services. The Company operates through the title insurance and services segment, and specialty insurance segment. The title insurance and services segment provides title insurance, closing and/or escrow services and similar or related services domestically and internationally in connection with residential and commercial real estate transactions.

Earnings History for First American Financial (NYSE:FAF)

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