First American Financial (NYSE:FAF) Price Target Raised to $72.00

First American Financial (NYSE:FAF) had its price objective increased by Keefe, Bruyette & Woods from $66.00 to $72.00 in a research report sent to investors on Wednesday morning, Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the insurance provider’s stock.

Several other equities research analysts also recently issued reports on FAF. Truist Financial lifted their price target on shares of First American Financial from $65.00 to $68.00 and gave the stock a buy rating in a research note on Friday, July 26th. Barclays dropped their target price on 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. Finally, Stephens reissued an overweight rating and issued a $66.00 price target on shares of First American Financial in a report on Thursday, July 25th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of Moderate Buy and an average target price of $66.75.

First American Financial Price Performance

NYSE:FAF opened at $65.02 on Wednesday. First American Financial has a 12 month low of $49.55 and a 12 month high of $66.11. The business’s 50-day moving average is $59.51 and its two-hundred day moving average is $57.29. The firm has a market capitalization of $6.74 billion, a PE ratio of 31.11 and a beta of 1.29.

First American Financial (NYSE:FAF) last released its quarterly earnings results on Wednesday, July 24th. The insurance provider reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.13 by $0.14. The firm had revenue of $1.61 billion during the quarter, compared to analysts’ expectations of $1.62 billion. First American Financial had a return on equity of 7.98% and a net margin of 3.28%. First American Financial’s quarterly revenue was down 2.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.35 EPS. Equities analysts anticipate that First American Financial will post 3.89 EPS for the current year.

Hedge Funds Weigh In On First American Financial

Hedge funds have recently bought and sold shares of the company. Sanctuary Advisors LLC acquired a new position in shares of First American Financial in the 2nd quarter worth approximately $229,000. Ariadne Wealth Management LP acquired a new position in First American Financial in the second quarter worth $1,833,000. Truist Financial Corp increased its stake in First American Financial by 1.3% during the second quarter. Truist Financial Corp now owns 31,711 shares of the insurance provider’s stock valued at $1,711,000 after purchasing an additional 408 shares during the last quarter. Quarry LP raised its holdings in shares of First American Financial by 340.8% during the second quarter. Quarry LP now owns 864 shares of the insurance provider’s stock worth $47,000 after purchasing an additional 668 shares during the period. Finally, Creative Planning lifted its position in shares of First American Financial by 5.8% in the 2nd quarter. Creative Planning now owns 9,748 shares of the insurance provider’s stock worth $526,000 after buying an additional 533 shares during the last quarter. 89.05% of the stock is currently owned by institutional investors and hedge funds.

First American Financial Company Profile

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.