Stephens Raises First American Financial (NYSE:FAF) Price Target to $78.00

First American Financial (NYSE:FAF) had its price objective lifted by stock analysts at Stephens from $73.00 to $78.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has an “overweight” rating on the insurance provider’s stock. Stephens’ price target would indicate a potential upside of 22.32% from the company’s current price.

Several other equities analysts have also recently weighed in on FAF. Keefe, Bruyette & Woods reduced their price target on First American Financial from $80.00 to $74.00 and set a “market perform” rating for the company in a research report on Wednesday, January 8th. Barclays lifted their price target on First American Financial from $70.00 to $72.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Finally, Truist Financial boosted their target price on First American Financial from $68.00 to $73.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $74.25.

First American Financial Price Performance

NYSE:FAF opened at $63.77 on Friday. The company has a market capitalization of $6.57 billion, a P/E ratio of 71.65 and a beta of 1.33. First American Financial has a 1 year low of $51.60 and a 1 year high of $70.92. The business has a fifty day simple moving average of $62.73 and a two-hundred day simple moving average of $63.95.

First American Financial (NYSE:FAF) last announced its quarterly earnings results on Wednesday, February 12th. The insurance provider reported $1.35 earnings per share for the quarter, beating the consensus estimate of $1.13 by $0.22. First American Financial had a return on equity of 7.95% and a net margin of 1.58%. As a group, analysts anticipate that First American Financial will post 4.07 earnings per share for the current year.

Institutional Investors Weigh In On First American Financial

A number of institutional investors and hedge funds have recently bought and sold shares of FAF. Sanctuary Advisors LLC purchased a new stake in First American Financial in the second quarter valued at approximately $229,000. CWM LLC grew its position in First American Financial by 114.8% during the third quarter. CWM LLC now owns 13,379 shares of the insurance provider’s stock valued at $883,000 after acquiring an additional 7,150 shares during the last quarter. Bar Harbor Wealth Management grew its position in First American Financial by 31.2% during the third quarter. Bar Harbor Wealth Management now owns 67,303 shares of the insurance provider’s stock valued at $4,443,000 after acquiring an additional 16,015 shares during the last quarter. Blue Trust Inc. grew its position in First American Financial by 214.2% during the third quarter. Blue Trust Inc. now owns 1,021 shares of the insurance provider’s stock valued at $67,000 after acquiring an additional 696 shares during the last quarter. Finally, ST Germain D J Co. Inc. grew its position in First American Financial by 1.1% during the third quarter. ST Germain D J Co. Inc. now owns 228,261 shares of the insurance provider’s stock valued at $15,068,000 after acquiring an additional 2,521 shares during the last quarter. 89.05% of the stock is owned by hedge funds and other institutional investors.

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.