First American Financial (NYSE:FAF) issued its quarterly earnings results on Thursday. The insurance provider reported $1.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.35 by $0.23, Morningstar.com reports. The company had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.52 billion. First American Financial had a net margin of 9.36% and a return on equity of 14.77%. First American Financial’s quarterly revenue was up .5% compared to the same quarter last year. During the same period last year, the business earned $1.37 EPS.

Shares of First American Financial stock traded up $0.89 during trading on Friday, hitting $57.82. The company’s stock had a trading volume of 642,198 shares, compared to its average volume of 594,793. The business’s fifty day moving average price is $54.39. The firm has a market capitalization of $6.48 billion, a P/E ratio of 12.62, a PEG ratio of 1.11 and a beta of 0.91. First American Financial has a 52 week low of $41.96 and a 52 week high of $58.29.

In other First American Financial news, insider Kenneth D. Degiorgio sold 26,658 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $57.00, for a total transaction of $1,519,506.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Christopher Michael Leavell sold 35,235 shares of the firm’s stock in a transaction dated Tuesday, May 14th. The shares were sold at an average price of $54.44, for a total transaction of $1,918,193.40. The disclosure for this sale can be found here. 3.00% of the stock is owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the business. Creative Planning bought a new stake in First American Financial during the 2nd quarter valued at about $260,000. Arizona State Retirement System increased its stake in First American Financial by 1.6% during the 2nd quarter. Arizona State Retirement System now owns 81,359 shares of the insurance provider’s stock valued at $4,369,000 after purchasing an additional 1,313 shares in the last quarter. First Quadrant L P CA increased its stake in First American Financial by 72.7% during the 2nd quarter. First Quadrant L P CA now owns 83,329 shares of the insurance provider’s stock valued at $4,475,000 after purchasing an additional 35,074 shares in the last quarter. ST Germain D J Co. Inc. increased its stake in First American Financial by 5.4% during the 2nd quarter. ST Germain D J Co. Inc. now owns 116,815 shares of the insurance provider’s stock valued at $6,273,000 after purchasing an additional 6,035 shares in the last quarter. Finally, Clarus Wealth Advisors bought a new stake in First American Financial during the 2nd quarter valued at about $78,000. Institutional investors and hedge funds own 83.07% of the company’s stock.

FAF has been the subject of several research reports. Compass Point lowered shares of Fidelity National Financial from a “buy” rating to a “neutral” rating and increased their price target for the stock from $42.50 to $43.75 in a research note on Monday, April 29th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Great Portland Estates from a “hold” rating to a “sell” rating in a research note on Tuesday, April 16th. Piper Jaffray Companies decreased their price target on shares of CELYAD SA/ADR from $51.00 to $41.00 and set an “overweight” rating for the company in a research note on Monday, April 1st. Finally, Susquehanna Bancshares set a $13.00 price target on shares of SM Energy and gave the stock a “hold” rating in a research note on Wednesday, June 19th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. First American Financial has an average rating of “Buy” and an average price target of $63.38.

About First American Financial

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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Earnings History for First American Financial (NYSE:FAF)

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