First American Financial Co. (FAF) To Go Ex-Dividend on March 10th

First American Financial Co. (NYSE:FAF) declared a quarterly dividend on Wednesday, January 22nd,RTT News reports. Shareholders of record on Monday, March 10th will be paid a dividend of 0.54 per share by the insurance provider on Monday, March 17th. This represents a $2.16 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date is Monday, March 10th.

First American Financial has increased its dividend by an average of 3.3% annually over the last three years and has increased its dividend annually for the last 14 consecutive years. First American Financial has a payout ratio of 35.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect First American Financial to earn $5.32 per share next year, which means the company should continue to be able to cover its $2.16 annual dividend with an expected future payout ratio of 40.6%.

First American Financial Trading Down 0.6 %

Shares of NYSE FAF opened at $61.37 on Friday. The company has a market capitalization of $6.32 billion, a P/E ratio of 68.95 and a beta of 1.33. First American Financial has a 12 month low of $51.60 and a 12 month high of $70.92. The stock has a 50 day moving average of $64.43 and a 200-day moving average of $63.22.

First American Financial (NYSE:FAF) last released its quarterly earnings data on Wednesday, October 23rd. The insurance provider reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.19. The firm had revenue of $1.41 billion during the quarter, compared to analysts’ expectations of $1.66 billion. First American Financial had a net margin of 1.58% and a return on equity of 7.95%. The company’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period in the previous year, the business posted $1.22 earnings per share. Analysts predict that First American Financial will post 4.07 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently commented on FAF shares. Keefe, Bruyette & Woods decreased their price target on shares of First American Financial from $80.00 to $74.00 and set a “market perform” rating on the stock in a research note on Wednesday, January 8th. Barclays increased their target price on First American Financial from $70.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Stephens upped their price objective on First American Financial from $66.00 to $73.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Finally, Truist Financial lifted their target price on First American Financial from $68.00 to $73.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $73.00.

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.