Keefe, Bruyette & Woods Lowers First American Financial (NYSE:FAF) Price Target to $66.00

First American Financial (NYSE:FAFFree Report) had its price target decreased by Keefe, Bruyette & Woods from $70.00 to $66.00 in a research report released on Monday, Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the insurance provider’s stock.

FAF has been the topic of a number of other research reports. Barclays started coverage on shares of First American Financial in a research note on Wednesday, November 15th. They set an equal weight rating and a $53.00 target price on the stock. Stephens reiterated an overweight rating and set a $73.00 price objective on shares of First American Financial in a research report on Thursday, February 8th. TheStreet upgraded shares of First American Financial from a c rating to a b rating in a research report on Wednesday, February 7th. Deutsche Bank Aktiengesellschaft initiated coverage on shares of First American Financial in a research report on Wednesday, January 10th. They set a buy rating on the stock. Finally, StockNews.com cut shares of First American Financial from a buy rating to a hold rating in a research report on Friday, October 27th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of Hold and an average target price of $67.25.

View Our Latest Analysis on First American Financial

First American Financial Trading Up 2.1 %

NYSE FAF opened at $60.23 on Monday. First American Financial has a 12 month low of $49.55 and a 12 month high of $65.54. The stock has a market cap of $6.21 billion, a price-to-earnings ratio of 28.96 and a beta of 1.29. The company’s 50 day moving average is $61.89 and its two-hundred day moving average is $59.17.

First American Financial (NYSE:FAFGet Free Report) last released its earnings results on Thursday, February 8th. The insurance provider reported $0.69 EPS for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.06). First American Financial had a return on equity of 8.28% and a net margin of 3.61%. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the previous year, the business posted $1.35 EPS. First American Financial’s revenue was down 15.2% on a year-over-year basis. Sell-side analysts forecast that First American Financial will post 5.07 EPS for the current year.

First American Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 15th. Investors of record on Friday, March 8th will be given a $0.53 dividend. This represents a $2.12 annualized dividend and a yield of 3.52%. The ex-dividend date is Thursday, March 7th. First American Financial’s dividend payout ratio is presently 101.92%.

Insider Buying and Selling

In related news, CAO Steven A. Adams sold 1,800 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $56.20, for a total value of $101,160.00. Following the sale, the chief accounting officer now owns 7,487 shares in the company, valued at $420,769.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 3.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in First American Financial by 2.1% during the first quarter. Vanguard Group Inc. now owns 12,031,143 shares of the insurance provider’s stock worth $779,858,000 after buying an additional 245,974 shares during the period. BlackRock Inc. boosted its stake in First American Financial by 3.4% during the first quarter. BlackRock Inc. now owns 9,889,562 shares of the insurance provider’s stock worth $550,453,000 after buying an additional 329,543 shares during the period. Boston Partners boosted its stake in First American Financial by 13.4% during the fourth quarter. Boston Partners now owns 3,594,563 shares of the insurance provider’s stock worth $231,608,000 after buying an additional 425,243 shares during the period. State Street Corp boosted its stake in First American Financial by 2.9% during the first quarter. State Street Corp now owns 3,193,170 shares of the insurance provider’s stock worth $206,981,000 after buying an additional 90,276 shares during the period. Finally, Dimensional Fund Advisors LP boosted its stake in First American Financial by 3.2% during the fourth quarter. Dimensional Fund Advisors LP now owns 3,059,361 shares of the insurance provider’s stock worth $197,148,000 after buying an additional 94,854 shares during the period. 85.53% of the stock is owned by hedge funds and other institutional investors.

First American Financial Company Profile

(Get Free Report)

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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