First American Financial Corp. Announces Quarterly Dividend of $0.12 (FAF)
First American Financial Corp. (NYSE:FAF) declared a quarterly dividend on Wednesday, January 15th, AnalystRatings.NET reports. Shareholders of record on Monday, March 10th will be given a dividend of 0.12 per share on Monday, March 17th. This represents a $0.48 dividend on an annualized basis and a yield of 1.81%.
A number of research firms have recently commented on FAF. Analysts at Zacks downgraded shares of First American Financial Corp. from an “outperform” rating to a “neutral” rating in a research note to investors on Tuesday, January 7th. They now have a $30.50 price target on the stock. On a related note, analysts at Barclays raised their price target on shares of First American Financial Corp. from $29.00 to $33.00 in a research note to investors on Tuesday, January 7th. They now have an “overweight” rating on the stock. Five analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $30.10.
First American Financial Corp. (NYSE:FAF) traded down 0.30% on Wednesday, hitting $26.45. The stock had a trading volume of 795,523 shares. First American Financial Corp. has a 52 week low of $20.39 and a 52 week high of $28.57. The stock’s 50-day moving average is $27.32 and its 200-day moving average is $24.3. The company has a market cap of $2.796 billion and a price-to-earnings ratio of 12.77.
First American Financial Corp. (NYSE:FAF) last posted its quarterly earnings results on Thursday, October 24th. The company reported $0.59 EPS for the quarter, beating the Thomson Reuters 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 in the prior year, the company posted $0.95 earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. On average, analysts predict that First American Financial Corp. will post $1.72 earnings per share for the current fiscal year.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.