In a report released on May 10, Bose George from KBW assigned a Buy rating to First American Financial (FAF – Research Report), with a price target of $67.00. The company’s shares closed last Friday at $56.01.
According to TipRanks, George is a top 100 analyst with an average return of 14.7% and a 74.93% success rate. George covers the Financial sector, focusing on stocks such as First American Financial, Fidelity National Financial, and Rocket Companies.
In addition to KBW, First American Financial also received a Buy from Stephens’s John Campbell in a report issued on April 26. However, on the same day, Barclays maintained a Hold rating on First American Financial (NYSE: FAF).
Based on First American Financial’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $1.43 billion and a net profit of $34.1 million. In comparison, last year the company earned a revenue of $1.69 billion and had a net profit of $54.3 million
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First American Financial (FAF) Company Description:
First American Financial Corp. operates as an insurance company. It provides title insurance and settlement services to the real estate and mortgage industries. The company operates its business through the following segments: Title Insurance & Services and Specialty Insurance. The Title Insurance & Services segment provides title insurance, escrow, closing services and similar or related financial services domestically and internationally in connection with residential and commercial real estate transactions. It also maintains, manages and provides access to title plant records and images and provides banking, trust and investment advisory services. The Specialty Insurance segment issues property & casualty insurance policies and sells home warranty products. It also provides title plant management services, which include title and other real property records and images, valuation products and services, home warranty products, property and casualty insurance and banking, trust and investment advisory services. First American Financial was founded in January, 2008 and is headquartered in Santa Ana, CA.
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