First American Financial Corp (NYSE: FAF) is -0.78% lower 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 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 $63.80 in the last trading session, with the day’s gains setting it 0.14%.
Currently trading at $63.94, the stock is -1.89% and -1.11% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.4 million and changing 0.22% at the moment leaves the stock 8.27% off its SMA200. FAF registered 25.89% gain for a year compared to 6-month gain of 17.82%. The firm has a 50-day simple moving average (SMA 50) of $64.6556 and a 200-day simple moving average (SMA200) of $59.05645.
The stock witnessed a -0.62% loss in the last 1 month and extending the period to 3 months gives it a 6.99%, and is -4.87% down 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 2.40% over the week and 2.04% over the month.
First American Financial Corp (FAF) has around 19210 employees, a market worth around $6.58B and $4.05B in sales. Current P/E ratio is 72.47 and Fwd P/E is 11.53. Profit margin for the company is 2.29%. Distance from 52-week low is 29.04% and -5.80% from its 52-week high. The company has generated returns on investments over the last 12 months (1.44%).
The EPS is expected to grow by 56.52% this year
518.0 institutions hold shares in First American Financial Corp (FAF), with institutional investors hold 92.91% of the company’s shares. The shares outstanding are 103.10M, and float is at 98.03M with Short Float at 1.12%. Institutions hold 89.43% 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.
