Insider Buying: First American Financial Corp. Director Purchases 7,300 Shares of Stock (FAF)
First American Financial Corp. (NYSE:FAF) Director Mark C. Oman acquired 7,300 shares of the stock on the open market in a transaction dated Friday, July 25th. The stock was purchased at an average price of $27.54 per share, with a total value of $201,042.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on FAF. Analysts at SunTrust initiated coverage on shares of First American Financial Corp. in a research note on Monday, July 21st. They set a “buy” rating and a $35.00 price target on the stock. Separately, analysts at Zacks downgraded shares of First American Financial Corp. from an “outperform” rating to a “neutral” rating in a research note on Wednesday, June 25th. They now have a $30.50 price target on the stock. Finally, analysts at Zacks upgraded shares of First American Financial Corp. from a “neutral” rating to an “outperform” rating in a research note on Tuesday, April 29th. They now have a $30.50 price target on the stock. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. First American Financial Corp. has an average rating of “Buy” and a consensus price target of $31.70.
Shares of First American Financial Corp. (NYSE:FAF) traded down 0.58% on Monday, hitting $27.40. The stock had a trading volume of 513,062 shares. First American Financial Corp. has a 1-year low of $20.85 and a 1-year high of $28.92. The stock’s 50-day moving average is $27.9 and its 200-day moving average is $27.00. The company has a market cap of $2.935 billion and a P/E ratio of 15.81.
First American Financial Corp. (NYSE:FAF) last issued its quarterly earnings data on Thursday, July 24th. The company reported $0.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by $0.05. The company had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.13 billion. During the same quarter in the previous year, the company posted $0.31 earnings per share. The company’s revenue for the quarter was down 10.7% on a year-over-year basis. Analysts expect that First American Financial Corp. will post $1.85 EPS 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.
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