First American Financial (NYSE:FAF) Releases Earnings Results, Beats Expectations By $0.22 EPS

First American Financial (NYSE:FAF) posted its earnings results on Wednesday. The insurance provider reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.13 by $0.22, Zacks reports. First American Financial had a net margin of 1.58% and a return on equity of 7.95%.

First American Financial Trading Up 0.5 %

Shares of NYSE:FAF opened at $62.97 on Friday. The company has a 50 day moving average of $62.95 and a 200-day moving average of $63.90. The firm has a market cap of $6.49 billion, a P/E ratio of 70.76 and a beta of 1.33. First American Financial has a twelve month low of $51.60 and a twelve month high of $70.92.

First American Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.43%. The ex-dividend date is Monday, March 10th. First American Financial’s dividend payout ratio is currently 242.70%.

Analyst Upgrades and Downgrades

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

First American Financial Company Profile

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.