First American Financial (NYSE:FAF) has been assigned a $60.00 price objective by stock analysts at Compass Point in a research report issued on Friday, TipRanks reports. The brokerage presently has a “hold” rating on the insurance provider’s stock. Compass Point’s price objective indicates a potential upside of 3.77% from the stock’s previous close.

FAF has been the subject of several other research reports. Susquehanna Bancshares set a $13.00 price objective on SM Energy and gave the company a “hold” rating in a research report on Wednesday, June 19th. Zacks Investment Research downgraded Great Portland Estates from a “hold” rating to a “sell” rating in a research report on Tuesday, April 16th. Finally, Piper Jaffray Companies cut their price objective on CELYAD SA/ADR from $51.00 to $41.00 and set an “overweight” rating for the company in a research report on Monday, April 1st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $66.00.

FAF 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 company’s 50 day moving average price is $54.39. First American Financial has a 12 month low of $41.96 and a 12 month high of $58.29. The company has a market capitalization of $6.48 billion, a PE ratio of 12.62, a price-to-earnings-growth ratio of 1.11 and a beta of 0.91.

First American Financial (NYSE:FAF) last issued its quarterly earnings data on Thursday, July 25th. The insurance provider reported $1.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.23. First American Financial had a return on equity of 14.77% and a net margin of 9.36%. The firm had revenue of $1.50 billion during the quarter, compared to the consensus estimate of $1.52 billion. During the same quarter in the previous year, the company posted $1.37 EPS. The business’s revenue for the quarter was up .5% compared to the same quarter last year. As a group, sell-side analysts anticipate that First American Financial will post 4.84 EPS for the current year.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Penserra Capital Management LLC acquired a new stake in shares of First American Financial during the first quarter worth $25,000. Cornerstone Advisors Inc. acquired a new stake in shares of First American Financial during the first quarter worth $27,000. Quantamental Technologies LLC grew its stake in shares of First American Financial by 330.0% during the first quarter. Quantamental Technologies LLC now owns 860 shares of the insurance provider’s stock worth $44,000 after purchasing an additional 660 shares during the period. Quadrant Capital Group LLC grew its stake in shares of First American Financial by 1,170.5% during the first quarter. Quadrant Capital Group LLC now owns 991 shares of the insurance provider’s stock worth $49,000 after purchasing an additional 913 shares during the period. Finally, Bremer Bank National Association acquired a new stake in shares of First American Financial during the first quarter worth $61,000. 83.07% of the stock is owned by 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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