First American Financial Corp (NYSE: FAF) is 3.52% higher on its value in year-to-date trading and has touched a low of $49.55 and a high of $67.88 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The FAF stock was last observed hovering at around $67.02 in the last trading session, with the day’s loss setting it -0.31%.
Currently trading at $66.71, the stock is 3.33% and 8.76% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.84 million and changing -0.46% at the moment leaves the stock 13.52% off its SMA200. FAF registered 10.80% gain for a year compared to 6-month gain of 18.09%.
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The stock witnessed a 8.42% loss in the last 1 month and extending the period to 3 months gives it a 23.70%, and is 2.71% 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 1.78% over the week and 1.73% over the month.
First American Financial Corp (FAF) has around 19210 employees, a market worth around $6.86B and $5.70B in sales. Current P/E ratio is 35.68 and Fwd P/E is 13.40. Profit margin for the company is 3.42%. Distance from 52-week low is 34.63% and -1.72% from its 52-week high. The company has generated returns on investments over the last 12 months (3.02%).
The EPS is expected to grow by 77.97% this year
514.0 institutions hold shares in First American Financial Corp (FAF), with institutional investors hold 92.41% of the company’s shares. The shares outstanding are 103.10M, and float is at 98.03M with Short Float at 1.51%. Institutions hold 88.95% of the Float.
The top institutional shareholder in the company is VANGUARD GROUP INC with over 10.61 million shares valued at $572.39 million. The investor’s holdings represent 10.1917 of the FAF Shares outstanding. As of 2024-06-30, the second largest holder is FMR LLC with 9.25 million shares valued at $498.91 million to account for 8.8834 of the shares outstanding. The other top investors are BLACKROCK INC. which holds 9.22 million shares representing 8.8574 and valued at over $497.45 million, while HG VORA CAPITAL MANAGEMENT, LLC holds 4.8751 of the shares totaling 5.08 million with a market value of $273.8 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.
