First American Financial Corp (FAF) Given Consensus Rating of “Hold” by Brokerages

Shares of First American Financial Corp (NYSE:FAF) have received an average rating of “Hold” from the six research firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $58.00.

A number of research analysts have recently commented on FAF shares. Zacks Investment Research lowered First American Financial from a “buy” rating to a “hold” rating in a report on Friday, October 5th. Piper Jaffray Companies lifted their target price on First American Financial from $63.00 to $65.00 and gave the stock a “neutral” rating in a report on Friday, July 27th. Keefe, Bruyette & Woods raised First American Financial from a “market perform” rating to an “outperform” rating and set a $39.00 target price on the stock in a report on Monday, July 16th. Finally, ValuEngine lowered First American Financial from a “hold” rating to a “sell” rating in a report on Wednesday, September 19th.

Shares of FAF traded down $0.69 during trading hours on Friday, reaching $44.93. 881,997 shares of the company’s stock traded hands, compared to its average volume of 1,066,934. The firm has a market capitalization of $5.02 billion, a price-to-earnings ratio of 16.34, a price-to-earnings-growth ratio of 0.77 and a beta of 0.84. First American Financial has a twelve month low of $41.96 and a twelve month high of $62.71.

First American Financial (NYSE:FAF) last issued its quarterly earnings results on Thursday, October 25th. The insurance provider reported $1.26 EPS for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.02). The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.55 billion. First American Financial had a net margin of 10.39% and a return on equity of 13.68%. On average, research analysts expect that First American Financial will post 4.47 earnings per share for the current fiscal year.

In related news, EVP Kenneth D. Degiorgio sold 13,871 shares of First American Financial stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $57.25, for a total transaction of $794,114.75. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Matthew F. Wajner sold 4,982 shares of First American Financial stock in a transaction dated Tuesday, August 21st. The stock was sold at an average price of $57.29, for a total value of $285,418.78. The disclosure for this sale can be found here. 3.00% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in the stock. Parallel Advisors LLC increased its stake in First American Financial by 139.9% in the 3rd quarter. Parallel Advisors LLC now owns 3,498 shares of the insurance provider’s stock worth $180,000 after purchasing an additional 2,040 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new position in First American Financial in the 2nd quarter worth about $265,000. HPM Partners LLC purchased a new position in First American Financial in the 2nd quarter worth about $319,000. Private Advisor Group LLC purchased a new position in First American Financial in the 2nd quarter worth about $333,000. Finally, Seven Eight Capital LP purchased a new position in First American Financial in the 3rd quarter worth about $340,000. 83.52% of the stock is currently owned by hedge funds and other institutional investors.

First American Financial Company Profile

First American Financial Corp. operates as an insurance company. It provides title insurance and settlement services to the real estate and mortgage industries. The company operates its business through the following segments: Title Insurance & Services and Specialty Insurance. The Title Insurance & Services segment provides title insurance, escrow, closing services and similar or related financial services domestically and internationally in connection with residential and commercial real estate transactions.

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