First American Financial (NYSE:FAF) Lowered to Hold Rating by Wall Street Zen

First American Financial (NYSE:FAF) was downgraded by analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a report released on Saturday.

FAF has been the topic of several other research reports. Truist Financial raised their price objective on shares of First American Financial from $73.00 to $76.00 and gave the company a “buy” rating in a research report on Thursday, October 23rd. Barclays upped their price objective on shares of First American Financial from $70.00 to $71.00 and gave the company a “cautious” rating in a research note on Monday, October 6th. Weiss Ratings raised First American Financial from a “hold (c+)” rating to a “buy (b)” rating in a research note on Saturday, October 25th. Finally, Stephens began coverage on shares of First American Financial in a research report on Friday, November 14th. They set an “equal weight” rating on the stock. Three analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $76.00.

First American Financial Stock Down 0.3%

NYSE FAF opened at $64.60 on Friday. First American Financial has a 12-month low of $53.09 and a 12-month high of $69.53. The firm has a market cap of $6.58 billion, a P/E ratio of 13.89 and a beta of 1.27. The company’s 50 day moving average is $62.83 and its 200-day moving average is $61.85.

First American Financial (NYSE:FAF) last released its quarterly earnings data on Thursday, October 23rd. The insurance provider reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.42 by $0.28. First American Financial had a net margin of 6.80% and a return on equity of 11.01%. The company had revenue of $1.95 billion during the quarter, compared to analyst estimates of $1.87 billion. During the same period last year, the business earned $1.34 earnings per share. First American Financial’s revenue was up 40.7% compared to the same quarter last year. Equities analysts expect that First American Financial will post 5.35 EPS for the current year.

Institutional Investors Weigh In On First American Financial

Institutional investors have recently added to or reduced their stakes in the stock. SJS Investment Consulting Inc. lifted its position in shares of First American Financial by 2,887.5% in the third quarter. SJS Investment Consulting Inc. now owns 478 shares of the insurance provider’s stock worth $31,000 after buying an additional 462 shares in the last quarter. Elevation Point Wealth Partners LLC purchased a new position in shares of First American Financial in the second quarter valued at $35,000. Atlantic Union Bankshares Corp bought a new stake in shares of First American Financial in the 2nd quarter worth about $36,000. First Horizon Corp bought a new stake in First American Financial during the third quarter worth approximately $37,000. Finally, Tripletail Wealth Management LLC bought a new stake in First American Financial during the third quarter worth approximately $41,000. 89.05% of the stock is owned by hedge funds and other institutional investors.

About First American Financial

First American Financial Corporation, through its subsidiaries, provides financial services. It operates through Title Insurance and Services, and Home Warranty segments. The Title Insurance and Services segment issues title insurance policies on residential and commercial property, as well as offers related products and services internationally.