First American Financial (FAF) Rating Increased to Hold at Zacks Investment Research

First American Financial (NYSE:FAF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Thursday.

According to Zacks, “First American Financial Corporation provides financial services through its Title Insurance and Services segment and its Specialty Insurance segment. The Title Insurance and Services segment provides title insurance policies and provides escrow and real estate closing services on residential and commercial property. It also maintains, manages, and provides access to automated title plant records and images; accommodates tax-deferred exchanges of real estate; and provides investment advisory, trust, lending, and deposit services. The Specialty Insurance segment offers property and casualty insurance, including homeowners insurance, as well as provides home warranty policies. This segment markets its property and casualty insurance products through direct distribution channels, including employees and agents, as well as a network of brokers. First American Financial Corporation is based in Santa Ana, California. “

Separately, ValuEngine lowered shares of First American Financial from a “hold” rating to a “sell” rating in a report on Wednesday, September 19th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. First American Financial presently has an average rating of “Hold” and an average target price of $57.50.

First American Financial stock traded up $1.12 during midday trading on Thursday, hitting $47.58. The stock had a trading volume of 576,100 shares, compared to its average volume of 635,929. The firm has a market capitalization of $5.07 billion, a price-to-earnings ratio of 17.30, a P/E/G ratio of 0.91 and a beta of 0.84. First American Financial has a 52-week low of $41.96 and a 52-week high of $62.71.

First American Financial (NYSE:FAF) last announced its quarterly earnings data on Thursday, October 25th. The insurance provider reported $1.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.28 by ($0.02). First American Financial had a net margin of 10.39% and a return on equity of 13.68%. The company had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.55 billion. As a group, analysts predict that First American Financial will post 4.5 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in First American Financial by 3.0% during the 3rd quarter. Vanguard Group Inc. now owns 11,076,254 shares of the insurance provider’s stock valued at $571,423,000 after buying an additional 327,142 shares in the last quarter. Vanguard Group Inc boosted its position in shares of First American Financial by 3.0% during the 3rd quarter. Vanguard Group Inc now owns 11,076,254 shares of the insurance provider’s stock valued at $571,423,000 after acquiring an additional 327,142 shares during the last quarter. FMR LLC boosted its position in shares of First American Financial by 10.3% during the 3rd quarter. FMR LLC now owns 7,658,550 shares of the insurance provider’s stock valued at $395,105,000 after acquiring an additional 714,586 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of First American Financial by 21.6% during the 3rd quarter. AQR Capital Management LLC now owns 1,986,686 shares of the insurance provider’s stock valued at $102,493,000 after acquiring an additional 352,425 shares during the last quarter. Finally, Bank of New York Mellon Corp boosted its position in shares of First American Financial by 0.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,544,982 shares of the insurance provider’s stock valued at $79,706,000 after acquiring an additional 6,921 shares during the last quarter. 84.48% of the stock is owned by institutional investors and hedge funds.

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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