First American Financial (FAF) Scheduled to Post Earnings on Wednesday

First American Financial (NYSE:FAF) is set to release its earnings data after the market closes on Wednesday, April 24th. Analysts expect First American Financial to post earnings of $0.84 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

First American Financial (NYSE:FAF) last released its earnings results on Thursday, February 8th. The insurance provider reported $0.69 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.75 by ($0.06). The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.47 billion. First American Financial had a return on equity of 8.27% and a net margin of 3.61%. First American Financial’s quarterly revenue was down 15.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.35 earnings per share. On average, analysts expect First American Financial to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

First American Financial Stock Down 1.8 %

First American Financial stock opened at $55.11 on Wednesday. The firm has a market cap of $5.71 billion, a PE ratio of 26.50 and a beta of 1.28. First American Financial has a 52-week low of $49.55 and a 52-week high of $65.54. The company’s 50 day moving average is $58.01 and its two-hundred day moving average is $58.21.

First American Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Friday, March 8th were issued a $0.53 dividend. The ex-dividend date was Thursday, March 7th. This represents a $2.12 dividend on an annualized basis and a dividend yield of 3.85%. First American Financial’s payout ratio is 101.92%.

Analyst Ratings Changes

FAF has been the topic of a number of analyst reports. Keefe, Bruyette & Woods upgraded shares of First American Financial from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $66.00 to $69.00 in a report on Thursday, March 21st. Stephens reaffirmed an “overweight” rating and issued a $73.00 target price on shares of First American Financial in a report on Thursday, February 8th. TheStreet downgraded shares of First American Financial from a “b-” rating to a “c+” rating in a report on Tuesday, March 12th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of First American Financial in a report on Wednesday, January 10th. They issued a “buy” rating on the stock. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $68.00.

Institutional Trading of First American Financial

A number of institutional investors and hedge funds have recently modified their holdings of the business. Public Employees Retirement System of Ohio raised its holdings in shares of First American Financial by 2.5% during the fourth quarter. Public Employees Retirement System of Ohio now owns 46,827 shares of the insurance provider’s stock worth $3,018,000 after purchasing an additional 1,130 shares during the period. Mercer Global Advisors Inc. ADV raised its holdings in shares of First American Financial by 6.0% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 42,367 shares of the insurance provider’s stock worth $2,730,000 after purchasing an additional 2,412 shares during the period. Legal & General Group Plc grew its position in shares of First American Financial by 2.4% during the fourth quarter. Legal & General Group Plc now owns 242,343 shares of the insurance provider’s stock worth $15,617,000 after acquiring an additional 5,589 shares during the last quarter. Barclays PLC grew its position in shares of First American Financial by 79.5% during the fourth quarter. Barclays PLC now owns 97,413 shares of the insurance provider’s stock worth $6,277,000 after acquiring an additional 43,141 shares during the last quarter. Finally, Voya Investment Management LLC grew its position in shares of First American Financial by 24.2% during the fourth quarter. Voya Investment Management LLC now owns 77,006 shares of the insurance provider’s stock worth $4,962,000 after acquiring an additional 14,989 shares during the last quarter. 89.05% of the stock is owned by institutional investors and hedge funds.

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.