First American Financial (NYSE:FAF) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.

According to Zacks, “First American Financial Corporation provides financial services through its Title Insurance and Services segment and its Specialty Insurance segment. The Title Insurance and Services segment provides title insurance policies and provides escrow and real estate closing services on residential and commercial property. It also maintains, manages, and provides access to automated title plant records and images; accommodates tax-deferred exchanges of real estate; and provides investment advisory, trust, lending, and deposit services. The Specialty Insurance segment offers property and casualty insurance, including homeowners insurance, as well as provides home warranty policies. This segment markets its property and casualty insurance products through direct distribution channels, including employees and agents, as well as a network of brokers. First American Financial Corporation is based in Santa Ana, California. “

Separately, ValuEngine cut shares of First American Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, September 19th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $57.50.

FAF opened at $46.77 on Tuesday. First American Financial has a 1 year low of $41.96 and a 1 year high of $62.71. The firm has a market capitalization of $5.40 billion, a P/E ratio of 17.01, a PEG ratio of 0.98 and a beta of 0.86.

First American Financial (NYSE:FAF) last posted its quarterly earnings data on Thursday, October 25th. The insurance provider reported $1.26 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.28 by ($0.02). The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.55 billion. First American Financial had a return on equity of 13.68% and a net margin of 10.39%. Research analysts anticipate that First American Financial will post 4.5 earnings per share for the current year.

A number of large investors have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in First American Financial by 3.0% during the third quarter. Vanguard Group Inc. now owns 11,076,254 shares of the insurance provider’s stock worth $571,423,000 after acquiring an additional 327,142 shares during the period. BlackRock Inc. raised its position in First American Financial by 5.7% during the second quarter. BlackRock Inc. now owns 10,865,847 shares of the insurance provider’s stock worth $561,982,000 after acquiring an additional 586,268 shares during the period. FMR LLC grew its holdings in shares of First American Financial by 10.3% during the third quarter. FMR LLC now owns 7,658,550 shares of the insurance provider’s stock worth $395,105,000 after buying an additional 714,586 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of First American Financial by 23.3% during the second quarter. Victory Capital Management Inc. now owns 2,031,575 shares of the insurance provider’s stock worth $105,073,000 after buying an additional 384,319 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of First American Financial by 21.6% during the third quarter. AQR Capital Management LLC now owns 1,986,686 shares of the insurance provider’s stock worth $102,493,000 after buying an additional 352,425 shares in the last quarter. Institutional investors own 84.49% of the company’s stock.

About First American Financial

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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