Key Points
- SVP Lisa Cornehl sold 5,823 shares of First American (FAF) on May 5 at an average price of $68.63 for about $399,632, reducing her stake by 16.42% to 29,635 shares (≈$2.03M).
- First American beat Q1 expectations with EPS of $1.33 versus $1.06 estimated and revenue of $1.85B (up 16.2% year-over-year), with a return on equity of 12.58%.
- The stock trades around $69.71 (12‑month range $53.09–$71.47), has a market cap of ~$7.1B and a P/E of ~10.7, and carries an average analyst rating of "Buy" with a consensus target of $82.50.
First American Financial Corporation (NYSE:FAF - Get Free Report) SVP Lisa Cornehl sold 5,823 shares of the firm's stock in a transaction that occurred on Tuesday, May 5th. The shares were sold at an average price of $68.63, for a total value of $399,632.49. Following the transaction, the senior vice president directly owned 29,635 shares of the company's stock, valued at approximately $2,033,850.05. This trade represents a 16.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
First American Financial Trading Down 0.4%
Shares of FAF opened at $69.71 on Friday. The business's fifty day simple moving average is $64.72 and its two-hundred day simple moving average is $63.93. First American Financial Corporation has a 12 month low of $53.09 and a 12 month high of $71.47. The company has a market cap of $7.10 billion, a price-to-earnings ratio of 10.71, a P/E/G ratio of 0.68 and a beta of 1.28.
First American Financial (NYSE:FAF - Get Free Report) last issued its earnings results on Wednesday, April 22nd. The insurance provider reported $1.33 EPS for the quarter, beating the consensus estimate of $1.06 by $0.27. First American Financial had a return on equity of 12.58% and a net margin of 8.73%.The business had revenue of $1.85 billion for the quarter, compared to the consensus estimate of $1.80 billion. During the same period last year, the business posted $0.84 EPS. The company's revenue was up 16.2% compared to the same quarter last year. As a group, research analysts forecast that First American Financial Corporation will post 6.72 EPS for the current year.
Analyst Ratings Changes
Several analysts have commented on FAF shares. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of First American Financial in a research note on Friday, February 13th. Stephens increased their target price on First American Financial from $81.00 to $84.00 and gave the company an "overweight" rating in a research note on Monday, April 27th. Zacks Research upgraded First American Financial from a "hold" rating to a "strong-buy" rating in a research note on Monday, April 27th. Truist Financial increased their target price on First American Financial from $82.00 to $85.00 and gave the company a "buy" rating in a research note on Friday, April 24th. Finally, Weiss Ratings upgraded First American Financial from a "buy (b-)" rating to a "buy (b)" rating in a research note on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating and six have given a Buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $82.50.
Check Out Our Latest Report on FAF
Hedge Funds Weigh In On First American Financial
Institutional investors and hedge funds have recently modified their holdings of the company. V Square Quantitative Management LLC purchased a new position in shares of First American Financial in the 4th quarter worth $27,000. Duncker Streett & Co. Inc. boosted its stake in shares of First American Financial by 616.4% in the 1st quarter. Duncker Streett & Co. Inc. now owns 437 shares of the insurance provider's stock worth $26,000 after buying an additional 376 shares during the last quarter. Global Retirement Partners LLC boosted its stake in shares of First American Financial by 1,107.5% in the 4th quarter. Global Retirement Partners LLC now owns 483 shares of the insurance provider's stock worth $30,000 after buying an additional 443 shares during the last quarter. First Horizon Corp purchased a new position in shares of First American Financial in the 3rd quarter worth $37,000. Finally, Danske Bank A S purchased a new position in shares of First American Financial in the 3rd quarter worth $45,000. 89.05% of the stock is currently owned by hedge funds and other 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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