Market Recap: First American Financial Corp (FAF)’s Negative Momentum, Closing at 64.18

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The closing price of First American Financial Corp (NYSE: FAF) was $64.18 for the day, down -0.40% from the previous closing price of $64.44. In other words, the price has decreased by -$0.40 from its previous closing price. On the day, 0.74 million shares were traded. FAF stock price reached its highest trading level at $64.59 during the session, while it also had its lowest trading level at $63.87.

Ratios:

Our analysis of FAF’s different ratios will help us gain a deeper understanding of the company. In the meantime, Its Debt-to-Equity ratio is 0.34 whereas as Long-Term Debt/Eq ratio is at 0.34.

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:

Also, insider trades can serve as a great indicator of what management thinks about the future direction of a stock’s price. A recent insider transaction in this stock occurred on Nov 15 ’23 when Adams Steven a sold 1,800 shares for $56.20 per share. The transaction valued at 101,160 led to the insider holds 7,487 shares of the business.

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 6603352064 and an Enterprise Value of 6822280192. As of this moment, First’s Price-to-Earnings (P/E) ratio for their current fiscal year is 34.32, and their Forward P/E ratio for the next fiscal year is 12.05. For the stock, the TTM Price-to-Sale (P/S) ratio is 1.16 while its Price-to-Book (P/B) ratio in mrq is 1.37. Its current Enterprise Value per Revenue stands at 1.147 whereas that against EBITDA is 11.672.

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 $49.55. The 50-Day Moving Average of the stock is -0.56%, while the 200-Day Moving Average is calculated to be 8.71%.

Shares Statistics:

FAF traded an average of 751.81K shares per day over the past three months and 700630 shares per day over the past ten days. A total of 103.10M shares are outstanding, with a floating share count of 98.03M. Insiders hold about 4.73% of the company’s shares, while institutions hold 86.86% stake in the company. Shares short for FAF as of 1727654400 were 1094391 with a Short Ratio of 1.46, compared to 1724976000 on 1485042. Therefore, it implies a Short% of Shares Outstanding of 1094391 and a Short% of Float of 1.11.

Dividends & Splits

With its trailing 12-month dividend rate of 2.12, FAF has a forward annual dividend rate of 2.13. Against a Trailing Annual Dividend Yield of 0.032898817The stock’s 5-year Average Dividend Yield is 3.36.

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