Market Insight: First American Financial Corp (FAF)’s Notable Drop, Closing at 62.49

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In the latest session, First American Financial Corp (NYSE: FAF) closed at $62.49 down -0.21% from its previous closing price of $62.62. In other words, the price has decreased by -$0.21 from its previous closing price. On the day, 1.39 million shares were traded. FAF stock price reached its highest trading level at $62.705 during the session, while it also had its lowest trading level at $61.83.

Ratios:

For a deeper understanding of First American Financial Corp’s stock, let’s take a closer look at its various ratios. In the meantime, Its Debt-to-Equity ratio is 0.41 whereas as Long-Term Debt/Eq ratio is at 0.41.

Upgrades & Downgrades

In addition, analysts’ ratings and any changes thereto give investors an idea of the stock’s future direction. In the most recent recommendation for the company, Keefe Bruyette on March 21, 2024, Upgraded its rating to Outperform and sets its target price to $69 from $66 previously.

On November 15, 2023, Barclays started tracking the stock assigning a Equal Weight rating and target price of $53.Barclays initiated its Equal Weight rating on November 15, 2023, with a $53 target price.

Insider Transactions:

Additionally, insider trades can be beneficial to investors who want to learn what the management thinks about stock prices in the future. A recent insider transaction in this stock occurred on Oct 29 ’24 when Adams Steven A sold 2,337 shares for $63.76 per share. The transaction valued at 149,012 led to the insider holds 7,113 shares of the business.

Adams Steven A bought 2,337 shares of FAF for $149,012 on Oct 29 ’24. On Nov 15 ’23, another insider, Adams Steven a, who serves as the VP & Chief Accounting Officer of the company, sold 1,800 shares for $56.20 each. As a result, the insider received 101,160 and left with 7,487 shares of the company.

Valuation Measures:

Investors should consider key stock statistics when deciding whether to invest or divest. In the wake of the recent closing price, FAF now has a Market Capitalization of 6436720128 and an Enterprise Value of 6414414848. As of this moment, First’s Price-to-Earnings (P/E) ratio for their current fiscal year is 70.83, and their Forward P/E ratio for the next fiscal year is 11.18. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.14 while its Price-to-Book (P/B) ratio in mrq is 1.26. Its current Enterprise Value per Revenue stands at 1.092 whereas that against EBITDA is 14.315.

Stock Price History:

Over the past 52 weeks, FAF has reached a high of $67.88, while it has fallen to a 52-week low of $51.60. The 50-Day Moving Average of the stock is -3.57%, while the 200-Day Moving Average is calculated to be 5.59%.

Shares Statistics:

For the past three months, FAF has traded an average of 680.73K shares per day and 706720 over the past ten days. A total of 103.10M shares are outstanding, with a floating share count of 98.13M. Insiders hold about 4.73% of the company’s shares, while institutions hold 86.80% stake in the company. Shares short for FAF as of 1728950400 were 1081892 with a Short Ratio of 1.59, compared to 1726185600 on 1475937. Therefore, it implies a Short% of Shares Outstanding of 1081892 and a Short% of Float of 1.09.

Dividends & Splits

According to the company, the forward annual dividend rate for FAF is 2.13, from 2.13 in the trailing year. Against a Trailing Annual Dividend Yield of 0.034014694The stock’s 5-year Average Dividend Yield is 3.37.

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