Analysts Set First American Financial Co. (NYSE:FAF) Target Price at $66.25

First American Financial Co. (NYSE:FAF) has been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $68.25.

A number of research analysts have issued reports on the stock. Barclays cut their target price on shares of First American Financial from $65.00 to $61.00 and set an “equal weight” rating on the stock in a research report on Tuesday, July 9th. Stephens reaffirmed an “overweight” rating and issued a $72.00 price target on shares of First American Financial in a research note on Thursday, April 25th. Finally, Keefe, Bruyette & Woods lowered their price target on First American Financial from $67.00 to $63.00 and set an “outperform” rating for the company in a research note on Tuesday, July 2nd.

First American Financial Stock Up 0.7 %

Shares of NYSE FAF opened at $56.36 on Friday. The firm’s 50-day simple moving average is $54.53 and its 200 day simple moving average is $57.26. The company has a market cap of $5.85 billion, a price-to-earnings ratio of 26.97 and a beta of 1.28. First American Financial has a 12-month low of $49.55 and a 12-month high of $65.54.

First American Financial (NYSE:FAF) last issued its quarterly earnings results on Thursday, April 25th. The insurance provider reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.67 by ($0.22). First American Financial had a return on equity of 8.17% and a net margin of 3.64%. The company had revenue of $1.42 billion for the quarter, compared to analyst estimates of $1.42 billion. During the same quarter last year, the company earned $0.49 EPS. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. On average, equities analysts expect that First American Financial will post 3.82 earnings per share for the current year.

First American Financial Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Monday, June 10th were paid a dividend of $0.53 per share. The ex-dividend date of this dividend was Monday, June 10th. This represents a $2.12 dividend on an annualized basis and a yield of 3.76%. First American Financial’s payout ratio is 101.44%.

Institutional Trading of First American Financial

A number of large investors have recently bought and sold shares of FAF. SG Americas Securities LLC bought a new position in shares of First American Financial during the 2nd quarter worth approximately $1,191,000. Linden Thomas Advisory Services LLC grew its stake in shares of First American Financial by 1.1% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 25,897 shares of the insurance provider’s stock worth $1,397,000 after acquiring an additional 284 shares in the last quarter. CWM LLC grew its stake in shares of First American Financial by 246.8% during the 2nd quarter. CWM LLC now owns 6,229 shares of the insurance provider’s stock worth $336,000 after acquiring an additional 4,433 shares in the last quarter. Harbor Capital Advisors Inc. grew its stake in shares of First American Financial by 548.6% during the 2nd quarter. Harbor Capital Advisors Inc. now owns 42,232 shares of the insurance provider’s stock worth $2,278,000 after acquiring an additional 35,721 shares in the last quarter. Finally, Lynx Investment Advisory bought a new position in shares of First American Financial during the 2nd quarter worth approximately $398,000. 89.05% of the stock is 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 Home Warranty segments. The Title Insurance and Services segment issues title insurance policies on residential and commercial property, as well as offers related products and services internationally.