First American Financial Corp Forecasted to Post Q4 2019 Earnings of $1.22 Per Share (FAF)

First American Financial Corp (NYSE:FAF) – Research analysts at SunTrust Banks increased their Q4 2019 earnings estimates for shares of First American Financial in a report released on Thursday, April 25th. SunTrust Banks analyst M. Hughes now anticipates that the insurance provider will post earnings per share of $1.22 for the quarter, up from their previous forecast of $1.17. SunTrust Banks also issued estimates for First American Financial’s Q1 2020 earnings at $0.77 EPS, Q2 2020 earnings at $1.37 EPS, Q3 2020 earnings at $1.36 EPS, Q4 2020 earnings at $1.25 EPS and FY2020 earnings at $4.75 EPS.

First American Financial (NYSE:FAF) last posted its earnings results on Thursday, April 25th. The insurance provider reported $0.74 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.69 by $0.05. The company had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.27 billion. First American Financial had a net margin of 8.83% and a return on equity of 14.51%. First American Financial’s quarterly revenue was up .5% compared to the same quarter last year. During the same quarter last year, the company posted $0.67 EPS.

FAF has been the subject of a number of other research reports. ValuEngine cut shares of First American Financial from a “hold” rating to a “sell” rating in a research note on Thursday, February 28th. Compass Point assumed coverage on shares of First American Financial in a research note on Thursday, January 24th. They set a “buy” rating and a $58.00 target price for the company. Zacks Investment Research upgraded shares of First American Financial from a “sell” rating to a “hold” rating in a research note on Monday, February 11th. Barclays set a $58.00 target price on shares of First American Financial and gave the stock a “buy” rating in a research note on Friday, February 15th. Finally, Piper Jaffray Companies raised shares of First American Financial from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $59.00 to $67.00 in a research report on Monday, April 1st. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $56.60.

NYSE FAF opened at $57.88 on Monday. The stock has a market cap of $6.45 billion, a PE ratio of 12.64, a P/E/G ratio of 1.14 and a beta of 0.85. First American Financial has a 52-week low of $41.96 and a 52-week high of $58.29.

A number of large investors have recently added to or reduced their stakes in FAF. JOYN Advisors Inc. increased its holdings in First American Financial by 540.0% in the 4th quarter. JOYN Advisors Inc. now owns 608 shares of the insurance provider’s stock valued at $27,000 after buying an additional 513 shares during the period. Advisors Preferred LLC bought a new position in First American Financial in the 4th quarter valued at about $30,000. Legacy Financial Advisors Inc. bought a new position in First American Financial in the 4th quarter valued at about $31,000. Executive Wealth Management LLC bought a new position in First American Financial in the 4th quarter valued at about $37,000. Finally, IMS Capital Management bought a new position in First American Financial in the 3rd quarter valued at about $52,000. 84.93% of the stock is currently owned by institutional investors and hedge funds.

In related news, EVP Kenneth D. Degiorgio sold 5,204 shares of the firm’s stock in a transaction dated Monday, February 25th. The shares were sold at an average price of $51.53, for a total transaction of $268,162.12. Following the transaction, the executive vice president now directly owns 504,942 shares of the company’s stock, valued at $26,019,661.26. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Kenneth D. Degiorgio sold 7,052 shares of the firm’s stock in a transaction dated Thursday, February 28th. The stock was sold at an average price of $51.07, for a total transaction of $360,145.64. Following the transaction, the executive vice president now directly owns 448,026 shares in the company, valued at $22,880,687.82. The disclosure for this sale can be found here. 3.00% of the stock is currently owned by company insiders.

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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Earnings History and Estimates for First American Financial (NYSE:FAF)

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