First American Financial Corp (NYSE:FAF) declared a quarterly dividend on Tuesday, November 5th, Zacks reports. Stockholders of record on Monday, December 9th will be given a dividend of 0.42 per share by the insurance provider on Monday, December 16th. This represents a $1.68 annualized dividend and a dividend yield of 2.65%. The ex-dividend date of this dividend is Friday, December 6th.
NYSE FAF traded up $0.30 during trading hours on Wednesday, reaching $63.30. The company’s stock had a trading volume of 4,313 shares, compared to its average volume of 572,138. The firm has a fifty day simple moving average of $62.20 and a 200-day simple moving average of $57.78. The stock has a market cap of $7.15 billion, a P/E ratio of 13.84 and a beta of 0.87. First American Financial has a 52 week low of $42.53 and a 52 week high of $64.37.
First American Financial (NYSE:FAF) last posted its earnings results on Thursday, October 24th. The insurance provider reported $1.64 EPS for the quarter, topping the consensus estimate of $1.44 by $0.20. First American Financial had a net margin of 9.76% and a return on equity of 15.21%. The business had revenue of $1.67 billion for the quarter, compared to the consensus estimate of $1.62 billion. During the same period last year, the company earned $1.34 EPS. The firm’s revenue was up 8.4% compared to the same quarter last year. On average, sell-side analysts expect that First American Financial will post 5.38 earnings per share for the current year.
Several equities analysts have recently issued reports on the stock. ValuEngine raised shares of First American Financial from a “strong sell” rating to a “sell” rating in a research note on Monday, November 4th. Zacks Investment Research cut shares of First American Financial from a “buy” rating to a “hold” rating and set a $68.00 price objective on the stock. in a research note on Tuesday, September 24th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $67.40.
In related news, CFO Mark Edward Seaton sold 8,069 shares of First American Financial stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $61.93, for a total value of $499,713.17. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 3.00% of the stock is owned by insiders.
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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