Keefe, Bruyette & Woods Increases First American Financial (NYSE:FAF) Price Target to $81.00

First American Financial (NYSE:FAF) had its target price boosted by analysts at Keefe, Bruyette & Woods from $79.00 to $81.00 in a report released on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the insurance provider’s stock. Keefe, Bruyette & Woods’ price target would indicate a potential upside of 27.05% from the company’s current price.

FAF has been the subject of several other reports. Weiss Ratings upgraded shares of First American Financial from a “hold (c+)” rating to a “buy (b)” rating in a report on Saturday, October 25th. Wall Street Zen raised First American Financial from a “hold” rating to a “buy” rating in a report on Sunday. Truist Financial lifted their price target on First American Financial from $73.00 to $76.00 and gave the company a “buy” rating in a research note on Thursday, October 23rd. Barclays boosted their price target on First American Financial from $70.00 to $71.00 and gave the stock a “cautious” rating in a report on Monday, October 6th. Finally, Stephens started coverage on shares of First American Financial in a report on Friday, November 14th. They issued an “equal weight” rating for the company. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $76.50.

First American Financial Stock Down 0.2%

First American Financial stock opened at $63.76 on Thursday. The stock has a market cap of $6.50 billion, a PE ratio of 13.71 and a beta of 1.27. First American Financial has a 12-month low of $53.09 and a 12-month high of $68.64. The business’s 50-day moving average price is $62.93 and its two-hundred day moving average price is $62.33.

First American Financial (NYSE:FAF) last posted its quarterly earnings results on Thursday, October 23rd. The insurance provider reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.42 by $0.28. The company had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.87 billion. First American Financial had a net margin of 6.80% and a return on equity of 11.01%. The firm’s quarterly revenue was up 40.7% compared to the same quarter last year. During the same period last year, the company posted $1.34 EPS. As a group, analysts expect that First American Financial will post 5.35 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. SJS Investment Consulting Inc. lifted its position in shares of First American Financial by 2,887.5% in the 3rd quarter. SJS Investment Consulting Inc. now owns 478 shares of the insurance provider’s stock worth $31,000 after purchasing an additional 462 shares during the period. Elevation Point Wealth Partners LLC bought a new position in First American Financial during the second quarter worth $35,000. First Horizon Corp acquired a new position in First American Financial in the third quarter valued at $37,000. Atlantic Union Bankshares Corp acquired a new position in First American Financial in the second quarter valued at $36,000. Finally, Tripletail Wealth Management LLC bought a new stake in First American Financial during the third quarter valued at $41,000. Institutional investors own 89.05% of the company’s stock.

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.