Sunday, 1 October 2023

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Truist Financial Sticks to Their Buy Rating for First American Financial (FAF) – TipRanks Financial Blog

ING Groep price target raised to EUR 16 from EUR 14 at Morgan Stanley

In a report released on September 14, Mark Hughes from Truist Financial maintained a Buy rating on First American Financial (FAFResearch Report), with a price target of $77.00. The company’s shares closed yesterday at $60.35.

According to TipRanks, Hughes is a 5-star analyst with an average return of 14.4% and a 67.30% success rate. Hughes covers the Financial sector, focusing on stocks such as American Equity Investment Life, Brown & Brown, and Amerisafe.

First American Financial has an analyst consensus of Moderate Buy, with a price target consensus of $71.00.

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Based on First American Financial’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.65 billion and a net profit of $138.5 million. In comparison, last year the company earned a revenue of $2.06 billion and had a net profit of $108.8 million

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First American Financial Corp. operates as an insurance company. It provides title insurance and settlement services to the real estate and mortgage industries. The company operates its business through the following segments: Title Insurance & Services and Specialty Insurance. The Title Insurance & Services segment provides title insurance, escrow, closing services and similar or related financial services domestically and internationally in connection with residential and commercial real estate transactions. It also maintains, manages and provides access to title plant records and images and provides banking, trust and investment advisory services. The Specialty Insurance segment issues property & casualty insurance policies and sells home warranty products. It also provides title plant management services, which include title and other real property records and images, valuation products and services, home warranty products, property and casualty insurance and banking, trust and investment advisory services. First American Financial was founded in January, 2008 and is headquartered in Santa Ana, CA.

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