Healthy Upside Potential: First American Financial Corp (FAF)

With 1.08 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.75 million shares. During the session, the Insurance – Specialty company that operates in wider Financial sector, reached to the highest price of $60.91 whereas the lowest price it dropped to was $58.57. The 52-week range on FAF shows that it touched its highest point at $65.54 and its lowest point at $49.55 during that stretch. It currently has a 1-year price target of $70.60. With its current market cap of 6.09 billion, FAF has annualized dividend of $2.12 while the current yield stands at 3.59%. Beta for the stock currently stands at 1.31.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of FAF was down-trending over the past week, with a drop of -3.26%, but this was down by -4.21% over a month. Three-month performance surged to 8.98% while six-month performance fell -6.37%. The stock lost -4.35% in the past year, while it has lost -8.46% so far this year. A look at the trailing 12-month EPS for FAF yields 2.08 with Next year EPS estimates of 5.54. For the next quarter, that number is 0.76. This implies an EPS growth rate of 117.87% for this year and 22.75% for next year. EPS is expected to decline by -7.65% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of -13.15%.

Float and Shares Shorts:

At present, 103.20 million FAF shares are outstanding with a float of 98.50 million shares on hand for trading. On Jan 11, 2024, short shares totaled 1.25 million, which was 1.21% higher than short shares on Dec 14, 2023. In addition to Mr. Kenneth David DeGiorgio BA, MBA as the firm’s CEO & Director, Mr. Mark Edward Seaton serves as its Executive VP & CFO.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for FAF since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With FAF analysts setting a high price target of $80.00 and a low target of $65.00, the average target price over the next 12 months is $70.60. Based on these targets, FAF could surge 35.62% to reach the target high and rise by 10.19% to reach the target low. Reaching the average price target will result in a growth of 19.68% from current levels.

Summary of Insider Activity:

Insiders traded FAF stock several times over the past three months with 0 Buys and 1 Sells. In these transactions, 0 shares were bought while 1,800 shares were sold. The number of buy transactions has increased to 15 while that of sell transactions has risen to 25 over the past year. The total number of shares bought during that period was 100,187 while 245,759 shares were sold.