Truist Financial Boosts First American Financial (NYSE:FAF) Price Target to $82.00

First American Financial (NYSE:FAF) had its price target hoisted by research analysts at Truist Financial from $76.00 to $82.00 in a report issued on Tuesday, MarketBeat reports. The firm currently has a “buy” rating on the insurance provider’s stock. Truist Financial’s target price indicates a potential upside of 23.94% from the company’s previous close.

Other equities research analysts have also issued research reports about the stock. Keefe, Bruyette & Woods raised their price target on shares of First American Financial from $79.00 to $81.00 and gave the company an “outperform” rating in a research note on Thursday, December 18th. Stephens assumed coverage on First American Financial in a research report on Friday, November 14th. They issued an “equal weight” rating on the stock. Barclays lifted their target price on First American Financial from $68.00 to $70.00 and gave the company an “equal weight” rating in a research note on Friday, February 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of First American Financial in a research note on Friday, February 13th. Finally, Wall Street Zen upgraded shares of First American Financial from a “hold” rating to a “buy” rating in a research note on Sunday, December 14th. Four equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $77.67.

First American Financial Price Performance

Shares of NYSE FAF opened at $66.16 on Tuesday. The firm has a market capitalization of $6.74 billion, a PE ratio of 11.01, a P/E/G ratio of 0.72 and a beta of 1.27. First American Financial has a 1-year low of $53.09 and a 1-year high of $68.75. The business’s fifty day moving average price is $63.32 and its two-hundred day moving average price is $63.71.

First American Financial (NYSE:FAF) last released its quarterly earnings results on Wednesday, February 11th. The insurance provider reported $1.99 EPS for the quarter, topping the consensus estimate of $1.49 by $0.50. The business had revenue of $2 billion during the quarter, compared to analyst estimates of $1.80 billion. First American Financial had a net margin of 8.34% and a return on equity of 11.93%. The company’s quarterly revenue was up 21.6% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.35 earnings per share. Equities research analysts expect that First American Financial will post 5.35 earnings per share for the current fiscal year.

Insider Transactions at First American Financial

In related news, Director Parker S. Kennedy bought 44,841 shares of the firm’s stock in a transaction that occurred on Tuesday, February 17th. The shares were acquired at an average cost of $67.85 per share, for a total transaction of $3,042,461.85. Following the acquisition, the director directly owned 251,552 shares of the company’s stock, valued at $17,067,803.20. The trade was a 21.69% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 3.70% of the company’s stock.

Institutional Trading of First American Financial

Hedge funds have recently made changes to their positions in the stock. V Square Quantitative Management LLC acquired a new position in First American Financial in the 4th quarter valued at approximately $27,000. SJS Investment Consulting Inc. increased its stake 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 acquiring an additional 462 shares during the last quarter. Global Retirement Partners LLC raised its holdings in shares of First American Financial by 1,107.5% during the fourth quarter. Global Retirement Partners LLC now owns 483 shares of the insurance provider’s stock worth $30,000 after acquiring an additional 443 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in First American Financial during the second quarter valued at $35,000. Finally, First Horizon Corp purchased a new position in First American Financial in the third quarter valued at about $37,000. 89.05% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting First American Financial

Here are the key news stories impacting First American Financial this week:

• Positive Sentiment: Director insider purchases — Parker S. Kennedy bought a sizable stake this week (multiple purchases totaling roughly 59,841 shares, ~ $4M at ~ $67/share), increasing his ownership and signaling management confidence. First American Financial director buys $4m in FAF stock SEC Filing: Insider Ownership
• Positive Sentiment: Analyst upgrade/price-target raise — Truist raised its price target to $82 and reiterated a Buy rating, implying meaningful upside vs. recent levels; analyst backing can attract buying from institutional investors. FAF price target raised by Truist
• Positive Sentiment: Positive thematic coverage — recent Zacks and MSN pieces profile FAF as a long-term value play (pointing to attractive valuation, solid recent earnings and margin/revenue improvements), which can support longer-horizon demand. Why First American Financial (FAF) is a Top Value Stock for the Long-Term — Zacks Why First American Financial (FAF) is a top value stock for the long term — MSN
• Neutral Sentiment: Near-term price action — despite fundamentally positive items above, shares are trading down intraday; that divergence suggests short-term flows (profit-taking, broader market weakness or sector rotation) are outweighing headline-driven buying today.

About First American Financial

First American Financial Corporation is a leading provider of title insurance, settlement services and diversified real estate-related data and analytics. Headquartered in Santa Ana, California, the company serves customers throughout the United States as well as in Canada, Europe, Latin America and Asia. Its business is built on the underwriting capabilities of its title insurance operations combined with comprehensive closing and escrow services for homebuyers, sellers, mortgage lenders and real estate professionals.

The company’s title insurance segment issues policies that protect property owners and mortgage lenders against defects in titles, liens or encumbrances that can arise during real property transactions.