First American Financial Corp. (FAF) to Release Quarterly Earnings on Thursday
First American Financial Corp. (NYSE:FAF) is set to post its quarterly earnings results on Thursday, February 13th. Investors interested in listening to the company’s conference call can do so using this link.
Shares of First American Financial Corp. (NYSE:FAF) traded up 0.11% during mid-day trading on Wednesday, hitting $26.12. 88,980 shares of the company’s stock traded hands. 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 $26.55 and its 200-day moving average is $24.83. The company has a market cap of $2.761 billion and a price-to-earnings ratio of 12.56.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 17th. Stockholders of record on Monday, March 10th will be given a dividend of $0.12 per share. This represents a $0.48 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date of this dividend is Thursday, March 6th.
FAF has been the subject of a number of recent research reports. Analysts at Zacks downgraded shares of First American Financial Corp. from an “outperform” rating to a “neutral” rating in a research note 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 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 issued a buy rating to the stock. First American Financial Corp. presently has a consensus rating of “Hold” and a consensus target price of $30.10.
In other First American Financial Corp. news, CEO Dennis Gilmore sold 116,453 shares of the company’s stock in a transaction dated Tuesday, February 4th. The stock was sold at an average price of $25.12, for a total transaction of $2,925,299.36. Following the completion of the sale, the chief executive officer now directly owns 923,761 shares of the company’s stock, valued at approximately $23,204,876. The transaction was disclosed in a filing with the SEC, which can be accessed through this link.
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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