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Friday, September 29, 2023

Investors’ Patience Is Being Tested Right Now By First American Financial Corporation (NYSE: FAF)

After Hours

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. After-hours trades for First American Financial Corporation (FAF) shows that investor sentiment remained same, with the stock’s consolidated last price remained same to $61.68. The First American Financial Corporation has recorded 139,513 volume in the after hours trading session. Yahoo Finance discussed the stock recently as it posted First American Financial Corporation Increases Quarterly Cash Dividend to 53 Cents Per Share.

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Stocks Info

First American Financial Corporation is listed on the NYSE as a member of the Financial sector and is a part of the Insurance – Specialty industry. At the end of the last regular session, the stock closed at $61.68 and fluctuated between $61.99 as its day high and $61.07 as its day low. The current market capitalization of First American Financial Corporation is $6.39B. A total of 0.63 million shares were traded on the day, compared to an average of 507.77K shares.

Additionally, investors take into account insider trades when predicting how a stock will perform. During the recent three months, FAF has seen 1 BUY and 1 SELL insider trades, representing the acquisition of 1,747 and the disposition of 16,426 shares. Over the last 12 months, there were 15 BUYs and 25 SELLs from insiders. Insiders purchased 100,187 shares during that period but sold 106,958.


It is more appealing for investors to invest in companies that pay dividends because dividends generate immediate cash flow and indicate a positive outlook for the company. First American Financial Corporation pays an annual dividend of $2.12, resulting in a dividend yield of 3.44%, and it has a price to earnings (P/E) ratio of 26.85. FAF’s most recent ex-dividend date was 9/7/2023 when it declared a $0.53 quarterly dividend that was paid in cash on 9/15/2023. Previously, the company paid the dividend on 6/15/2023 with an ex-dividend date of 6/7/2023. The FAF stock dividend was $0.52 per share in cash.

Though price targets are rarely accurate, they can exert some influence from time to time and were often accepted as valuable by the market. According to analysts who have offered 12-month price targets for FAF in the last 3 months, the mean price target is $71.00 with high estimates of $77.00 and low estimates of $64.00. In terms of 52-week highs and lows, FAF has a high of $64.66 and a low of $43.54.

As of this writing, FAF has an earnings estimate of $1.26 per share for the current quarter. EPS was calculated based on a consensus of 5 estimates, with a high estimate of $1.49 per share and a lower estimate of $1.11. The company reported an EPS of $0.49 in the last quarter, which was -30.00% lower than expectations of $0.7.

Balance Sheet Annually/Quarterly

A balance sheet is a report that shows the company’s assets and liabilities. In addition, it shows how much equity investors have invested in the company. Investors can determine the company’s prospects by calculating its financial ratios based on this information. FAF’s latest balance sheet shows that the firm has $1.23B in Cash & Short Term Investments as of fiscal 2021. Its Book Value Per Share was $45.76, while its Total Shareholder’s Equity was $5.77B.

Analysts Opinion

It may be riskier to trade before market opening and after market closing than during regular market hours. Since issuers often announce critical financial information outside regular trading hours. Extended-hours trading may result in wider spreads for particular securities due to lower liquidity and higher volatility. Currently, 0 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for FAF is Buy with a score of 4.20.

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