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

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

FAF has been the topic of a number of other research reports. Barclays raised their price objective on shares of First American Financial from $69.00 to $72.00 and gave the stock an “equal weight” rating in a report on Friday, April 25th. Keefe, Bruyette & Woods lifted their price target on shares of First American Financial from $75.00 to $77.00 and gave the stock an “outperform” rating in a research note on Monday, April 28th. Finally, Stephens boosted their price target on shares of First American Financial from $73.00 to $78.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, First American Financial presently has a consensus rating of “Moderate Buy” and an average target price of $75.00.

First American Financial Price Performance

Shares of NYSE FAF opened at $56.37 on Friday. The business has a 50-day moving average of $59.18 and a two-hundred day moving average of $62.45. The company has a market capitalization of $5.80 billion, a price-to-earnings ratio of 45.10 and a beta of 1.22. First American Financial has a 1 year low of $51.85 and a 1 year high of $70.92.

First American Financial (NYSE:FAF) last issued its earnings results on Wednesday, April 23rd. The insurance provider reported $0.84 earnings per share for the quarter, topping the consensus estimate of $0.65 by $0.19. The business had revenue of $1.58 billion for the quarter, compared to analyst estimates of $1.53 billion. First American Financial had a return on equity of 9.35% and a net margin of 2.14%. The business’s quarterly revenue was up 11.1% on a year-over-year basis. During the same quarter last year, the company earned $0.45 EPS. As a group, equities research analysts expect that First American Financial will post 5.35 earnings per share for the current year.

Institutional Investors Weigh In On First American Financial

Several large investors have recently modified their holdings of FAF. Parkside Financial Bank & Trust increased its holdings in shares of First American Financial by 14.8% in the 4th quarter. Parkside Financial Bank & Trust now owns 1,340 shares of the insurance provider’s stock valued at $84,000 after acquiring an additional 173 shares during the period. CIBC Asset Management Inc grew its position in First American Financial by 5.8% during the 4th quarter. CIBC Asset Management Inc now owns 3,247 shares of the insurance provider’s stock worth $203,000 after purchasing an additional 179 shares during the last quarter. Adams Wealth Management increased its stake in First American Financial by 1.9% in the first quarter. Adams Wealth Management now owns 10,983 shares of the insurance provider’s stock valued at $721,000 after purchasing an additional 207 shares during the period. CacheTech Inc. increased its stake in First American Financial by 1.9% in the first quarter. CacheTech Inc. now owns 10,983 shares of the insurance provider’s stock valued at $721,000 after purchasing an additional 207 shares during the period. Finally, American Century Companies Inc. raised its holdings in shares of First American Financial by 0.5% in the first quarter. American Century Companies Inc. now owns 43,006 shares of the insurance provider’s stock valued at $2,823,000 after buying an additional 229 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.