Zacks Research Brokers Raise Earnings Estimates for FAF

First American Financial Corporation (NYSE:FAF) – Analysts at Zacks Research increased their Q1 2028 earnings per share estimates for First American Financial in a report issued on Thursday, August 27th. Zacks Research analyst Team now forecasts that the insurance provider will post earnings of $1.23 per share for the quarter, up from their previous estimate of $1.16. Zacks Research has a “Hold” rating on the stock. The consensus estimate for First American Financial’s current full-year earnings is $7.11 per share. Zacks Research also issued estimates for First American Financial’s Q2 2028 earnings at $2.06 EPS.

First American Financial (NYSE:FAF) last posted its earnings results on Wednesday, July 22nd. The insurance provider reported $2.08 EPS for the quarter, topping analysts’ consensus estimates of $1.80 by $0.28. First American Financial had a return on equity of 13.31% and a net margin of 9.33%.The company had revenue of $2.11 billion for the quarter, compared to the consensus estimate of $2.03 billion. During the same period in the previous year, the business earned $1.53 earnings per share. First American Financial’s quarterly revenue was up 15.0% compared to the same quarter last year.

A number of other brokerages have also recently commented on FAF. Keefe, Bruyette & Woods increased their price objective on shares of First American Financial from $84.00 to $86.00 and gave the company an “outperform” rating in a research note on Friday, July 24th. Barclays upped their price target on shares of First American Financial from $80.00 to $83.00 and gave the company an “overweight” rating in a report on Tuesday, July 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of First American Financial in a research report on Monday, July 20th. Benchmark began coverage on First American Financial in a research report on Tuesday, July 21st. They set a “buy” rating and a $85.00 price objective for the company. Finally, Stephens reaffirmed an “overweight” rating and issued a $84.00 target price on shares of First American Financial in a research note on Friday, June 12th. Seven equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, First American Financial currently has a consensus rating of “Moderate Buy” and a consensus price target of $84.60.

First American Financial Stock Down 0.6%

NYSE:FAF opened at $74.02 on Monday. First American Financial has a 52-week low of $56.20 and a 52-week high of $79.87. The stock has a fifty day simple moving average of $72.15 and a 200-day simple moving average of $68.02. The company has a market capitalization of $7.56 billion, a PE ratio of 10.25, a price-to-earnings-growth ratio of 0.69 and a beta of 1.22.

Institutional Investors Weigh In On First American Financial

Several hedge funds have recently modified their holdings of FAF. Jackson Creek Investment Advisors LLC acquired a new position in First American Financial in the 4th quarter valued at $1,608,000. Jefferies Financial Group Inc. acquired a new position in First American Financial during the fourth quarter valued at approximately $6,713,000. Manning & Napier Advisors LLC purchased a new stake in First American Financial during the 4th quarter worth $63,693,000. Mendon Capital Advisors Corp purchased a new stake in shares of First American Financial in the first quarter worth about $71,680,000. Finally, Gabelli Funds LLC grew its stake in shares of First American Financial by 81.6% in the fourth quarter. Gabelli Funds LLC now owns 79,362 shares of the insurance provider’s stock valued at $4,876,000 after buying an additional 35,650 shares in the last quarter. 89.05% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CAO Steven A. Adams sold 3,253 shares of the business’s stock in a transaction dated Friday, July 24th. The shares were sold at an average price of $74.99, for a total value of $243,942.47. Following the completion of the transaction, the chief accounting officer owned 10,234 shares of the company’s stock, valued at approximately $767,447.66. The trade was a 24.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 3.50% of the company’s stock.

About First American Financial

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.