First American Financial (NYSE:FAF) Lowered to “Strong Sell” at ValuEngine

First American Financial (NYSE:FAF) was downgraded by equities research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued on Tuesday, ValuEngine reports.

Other equities analysts also recently issued reports about the company. Barclays set a $68.00 target price on First American Financial and gave the company a “buy” rating in a research report on Friday, July 26th. Compass Point set a $60.00 target price on First American Financial and gave the company a “hold” rating in a research report on Friday, July 26th. Piper Jaffray Companies set a $68.00 target price on First American Financial and gave the company a “buy” rating in a research report on Friday, July 26th. Finally, Zacks Investment Research downgraded First American Financial from a “buy” rating to a “hold” rating and set a $68.00 target price on the stock. in a research report on Tuesday, September 24th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $67.40.

NYSE FAF opened at $61.32 on Tuesday. The stock’s fifty day moving average price is $59.29 and its 200 day moving average price is $56.51. First American Financial has a 1 year low of $42.53 and a 1 year high of $62.80. The company has a market cap of $6.94 billion, a price-to-earnings ratio of 13.39 and a beta of 0.89.

First American Financial (NYSE:FAF) last released its earnings results on Thursday, October 24th. The insurance provider reported $1.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.44 by $0.20. First American Financial had a return on equity of 15.21% and a net margin of 9.76%. The firm had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same period in the prior year, the firm earned $1.34 EPS. The firm’s revenue was up 8.4% on a year-over-year basis. As a group, sell-side analysts predict that First American Financial will post 5.22 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Treasurer of the State of North Carolina boosted its stake in shares of First American Financial by 0.3% during the 2nd quarter. Treasurer of the State of North Carolina now owns 55,373 shares of the insurance provider’s stock worth $2,974,000 after acquiring an additional 190 shares in the last quarter. Signaturefd LLC boosted its stake in shares of First American Financial by 22.5% during the 2nd quarter. Signaturefd LLC now owns 1,136 shares of the insurance provider’s stock worth $61,000 after acquiring an additional 209 shares in the last quarter. Municipal Employees Retirement System of Michigan boosted its stake in shares of First American Financial by 1.1% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 20,610 shares of the insurance provider’s stock worth $1,107,000 after acquiring an additional 230 shares in the last quarter. Smith Graham & Co. Investment Advisors LP boosted its stake in shares of First American Financial by 0.3% during the 3rd quarter. Smith Graham & Co. Investment Advisors LP now owns 97,866 shares of the insurance provider’s stock worth $5,775,000 after acquiring an additional 270 shares in the last quarter. Finally, NewSquare Capital LLC boosted its stake in shares of First American Financial by 39.7% during the 3rd quarter. NewSquare Capital LLC now owns 1,055 shares of the insurance provider’s stock worth $62,000 after acquiring an additional 300 shares in the last quarter. 83.13% of the stock is currently owned by hedge funds and other institutional investors.

First American Financial Company Profile

First American Financial Corporation, through its subsidiaries, provides financial services. It operates through Title Insurance and Services, and Specialty Insurance segments. The Title Insurance and Services segment issues title insurance policies on residential and commercial property, as well as offers related products and services.

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To view ValuEngine’s full report, visit ValuEngine’s official website.

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