First American Financial Corporation (NYSE:FAF - Get Free Report) Director Margaret Mccarthy sold 6,630 shares of the company's stock in a transaction on Friday, April 24th. The shares were sold at an average price of $70.59, for a total value of $468,011.70. Following the sale, the director owned 24,024 shares of the company's stock, valued at approximately $1,695,854.16. The trade was a 21.63% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.
First American Financial Stock Performance
NYSE:FAF opened at $70.44 on Wednesday. The stock has a fifty day moving average price of $64.41 and a 200-day moving average price of $63.57. The company has a market cap of $7.18 billion, a price-to-earnings ratio of 10.82, a PEG ratio of 0.68 and a beta of 1.28. First American Financial Corporation has a fifty-two week low of $53.09 and a fifty-two week high of $71.47.
First American Financial (NYSE:FAF - Get Free Report) last released its earnings results on Wednesday, April 22nd. The insurance provider reported $1.33 earnings per share for the quarter, beating analysts' consensus estimates of $1.06 by $0.27. The firm had revenue of $1.85 billion during the quarter, compared to the consensus estimate of $1.80 billion. First American Financial had a return on equity of 12.58% and a net margin of 8.73%.The company's revenue was up 16.2% compared to the same quarter last year. During the same period in the prior year, the company posted $0.84 EPS. Research analysts predict that First American Financial Corporation will post 6.72 EPS for the current fiscal year.
Analyst Ratings Changes
FAF has been the subject of a number of recent analyst reports. Wall Street Zen upgraded First American Financial from a "hold" rating to a "buy" rating in a research report on Saturday, March 7th. Stephens upped their target price on First American Financial from $81.00 to $84.00 and gave the company an "overweight" rating in a research report on Monday. Truist Financial upped their target price on First American Financial from $82.00 to $85.00 and gave the company a "buy" rating in a research report on Friday. Barclays upped their price objective on First American Financial from $72.00 to $80.00 and gave the stock an "overweight" rating in a research report on Friday. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of First American Financial in a research report on Friday, February 13th. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $82.50.
Check Out Our Latest Analysis on First American Financial
Hedge Funds Weigh In On First American Financial
Several large investors have recently bought and sold shares of FAF. Northwestern Mutual Wealth Management Co. raised its position in First American Financial by 4,485,375.2% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 5,786,263 shares of the insurance provider's stock valued at $355,508,000 after purchasing an additional 5,786,134 shares during the last quarter. Capital Research Global Investors raised its position in First American Financial by 194.5% in the third quarter. Capital Research Global Investors now owns 3,306,583 shares of the insurance provider's stock valued at $212,415,000 after purchasing an additional 2,183,960 shares during the last quarter. Norges Bank bought a new position in First American Financial in the fourth quarter valued at about $75,011,000. Manning & Napier Advisors LLC acquired a new stake in shares of First American Financial in the fourth quarter valued at about $63,693,000. Finally, Boston Partners increased its stake in shares of First American Financial by 8.9% in the third quarter. Boston Partners now owns 6,133,594 shares of the insurance provider's stock valued at $393,690,000 after buying an additional 500,649 shares during the period. 89.05% of the stock is currently owned by institutional investors.
First American Financial Company Profile
(
Get Free Report)
First American Financial Corporation is a leading provider of title insurance, settlement services and diversified real estate-related data and analytics. Headquartered in Santa Ana, California, the company serves customers throughout the United States as well as in Canada, Europe, Latin America and Asia. Its business is built on the underwriting capabilities of its title insurance operations combined with comprehensive closing and escrow services for homebuyers, sellers, mortgage lenders and real estate professionals.
The company's title insurance segment issues policies that protect property owners and mortgage lenders against defects in titles, liens or encumbrances that can arise during real property transactions.
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