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First American Financial Corp (FAF) – Don’t Be So Quick to Call it Dead

First American Financial Corp (NYSE: FAF) is -6.50% lower on its value in year-to-date trading and has touched a low of $49.55 and a high of $65.54 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The FAF stock was last observed hovering at around $60.00 in the last trading session, with the day’s gains setting it 0.25%.

Currently trading at $60.25, the stock is 4.87% and 3.05% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.94 million and changing 0.42% at the moment leaves the stock 2.78% off its SMA200. FAF registered 8.46% gain for a year compared to 6-month gain of 13.44%. The firm has a 50-day simple moving average (SMA 50) of $0.80.

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The stock witnessed a 4.44% loss in the last 1 month and extending the period to 3 months gives it a -1.74%, and is 0.70% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.95% over the week and 2.18% over the month.

First American Financial Corp (FAF) has around 19210 employees, a market worth around $6.21B and $6.00B in sales. Current P/E ratio is 29.05 and Fwd P/E is 11.13. Profit margin for the company is 3.61%. Distance from 52-week low is 21.59% and -8.08% from its 52-week high. The company has generated returns on investments over the last 12 months (3.55%).

First American Financial Corp quarterly earnings per share for the current quarter are estimated at $0.72 with sales reaching $1.48B over the same period.The EPS is expected to grow by 102.80% this year, but quarterly earnings will post 5.30% year-over-year. Quarterly sales are estimated to grow 2.40% in year-over-year returns.

510 institutions hold shares in First American Financial Corp (FAF), with institutional investors hold 93.44% of the company’s shares. The shares outstanding are 103.10M, and float is at 98.26M with Short Float at 1.80%. Institutions hold 90.13% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 10.05 million shares valued at $572.81 million. The investor’s holdings represent 9.75% of the FAF Shares outstanding. As of Jun 29, 2023, the second largest holder is HG Vora Capital Management, LLC with 10.0 million shares valued at $570.2 million to account for 9.70% of the shares outstanding. The other top investors are Blackrock Inc. which holds 9.6 million shares representing 9.32% and valued at over $547.6 million, while FMR, LLC holds 9.00% of the shares totaling 9.28 million with a market value of $529.08 million.

First American Financial Corp (FAF) Insider Activity

The most recent transaction is an insider sale by Adams Steven a, the company’s VP & Chief Accounting Officer. SEC filings show that Adams Steven a sold 1,800 shares of the company’s common stock on Nov 15 ’23 at a price of $56.20 per share for a total of $0.1 million. Following the sale, the insider now owns 7487.0 shares.

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