Wall Street Zen Upgrades First American Financial (NYSE:FAF) to “Buy”

First American Financial (NYSE:FAF) was upgraded by equities researchers at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Sunday.

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

First American Financial Stock Down 0.7%

NYSE FAF opened at $63.92 on Friday. First American Financial has a 52 week low of $53.09 and a 52 week high of $68.64. The firm has a market capitalization of $6.51 billion, a price-to-earnings ratio of 13.75 and a beta of 1.27. The company has a fifty day moving average of $62.75 and a two-hundred day moving average of $62.14.

First American Financial (NYSE:FAF) last announced its earnings results on Thursday, October 23rd. The insurance provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.42 by $0.28. The business had revenue of $1.95 billion for the quarter, compared to the consensus estimate of $1.87 billion. First American Financial had a net margin of 6.80% and a return on equity of 11.01%. The business’s revenue for the quarter was up 40.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.34 earnings per share. Equities research analysts anticipate that First American Financial will post 5.35 EPS for the current year.

Hedge Funds Weigh In On First American Financial

A number of large investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. boosted its position in First American Financial by 10.9% during the first quarter. PNC Financial Services Group Inc. now owns 4,273 shares of the insurance provider’s stock worth $280,000 after acquiring an additional 420 shares during the last quarter. Deutsche Bank AG raised its position in First American Financial by 6.2% in the first quarter. Deutsche Bank AG now owns 8,369 shares of the insurance provider’s stock valued at $549,000 after purchasing an additional 490 shares during the period. Invesco Ltd. lifted its position in First American Financial by 40.9% in the first quarter. Invesco Ltd. now owns 430,908 shares of the insurance provider’s stock valued at $28,280,000 after buying an additional 124,975 shares during the last quarter. Nuveen LLC purchased a new position in shares of First American Financial during the 1st quarter worth approximately $20,636,000. Finally, HighTower Advisors LLC grew its stake in shares of First American Financial by 3.5% in the first quarter. HighTower Advisors LLC now owns 8,638 shares of the insurance provider’s stock valued at $567,000 after buying an additional 290 shares in the last quarter. Institutional investors and hedge funds own 89.05% of the company’s stock.

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.