Insider Selling: First American Financial Corp. EVP Sells 1,225 Shares of Stock (FAF)
First American Financial Corp. (NYSE:FAF) EVP Max Valdes sold 1,225 shares of the company’s stock on the open market in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of $25.39, for a total value of $31,102.75. The sale was disclosed in a document filed with the SEC, which is available at this link.
First American Financial Corp. (NYSE:FAF) traded up 1.02% during mid-day trading on Monday, hitting $25.74. The stock had a trading volume of 885,797 shares. First American Financial Corp. has a 1-year low of $20.39 and a 1-year high of $27.40. The stock’s 50-day moving average is $21.95 and its 200-day moving average is $23.66. The company has a market cap of $2.768 billion and a price-to-earnings ratio of 12.26.
First American Financial Corp. (NYSE:FAF) last announced its earnings results on Thursday, October 24th. The company reported $0.59 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.57 by $0.02. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.21 billion. During the same quarter last year, the company posted $0.95 earnings per share. First American Financial Corp.’s revenue was up 7.7% compared to the same quarter last year. Analysts expect that First American Financial Corp. will post $1.73 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at Keefe, Bruyette & Woods raised their price target on shares of First American Financial Corp. from $28.00 to $31.00 in a research note to investors on Monday. Separately, analysts at Barclays raised their price target on shares of First American Financial Corp. from $28.00 to $29.00 in a research note to investors on Monday. They now have an “overweight” rating on the stock. Finally, analysts at Janney Montgomery Scott initiated coverage on shares of First American Financial Corp. in a research note to investors on Friday, October 18th. They set a “buy” rating on the stock. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. First American Financial Corp. has an average rating of “Hold” and a consensus price target of $27.75.
First American Financial Corporation, through its subsidiaries, is engaged in the business of providing financial services through its title insurance and services segment and its specialty insurance segment.
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