Analyst Rating Update on First American Corporation (The) (FAF)

First American Corporation (The) (NYSE:FAF) : 5 analysts are covering First American Corporation (The) (NYSE:FAF) and their average rating on the stock is 2.2, which is read as a Buy. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 3 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.

First American Corporation (The) (NYSE:FAF) : 3 Wall Street analysts covering First American Corporation (The) (NYSE:FAF) believe that the average level the stock could reach for the short term is $42.67. The maximum price target given is $45 and the minimum target for short term is around $41, hence the standard deviation is calculated at $2.08.

Company shares have received an average consensus rating of Hold for the current week

First American Corporation (The) (NYSE:FAF): stock turned positive on Tuesday. Though the stock opened at $38.29, the bulls momentum made the stock top out at $38.87 level for the day. The stock recorded a low of $38 and closed the trading day at $38.87, in the green by 2.59%. The total traded volume for the day was 706,240. The stock had closed at $37.89 in the previous days trading.

In an insider trading activity, According to the information disclosed by the Securities and Exchange Commission in a Form 4 filing, the director officer (Chief Executive Officer) of First American Financial Corp, Gilmore Dennis J had sold 65,000 shares worth of $2,394,600 in a transaction dated February 23, 2016. In this transaction, 65,000 shares were sold at $36.84 per share.

First American Financial Corporation (FAF) is a holding company. Through its subsidiaries, the Company is engaged in the business of providing financial services. The Company operates in two segments: Title Insurance and Services segment, and Specialty Insurance segment. The Title Insurance and Services segment issues title insurance policies on residential and commercial property. This segment also provides closing and escrow services; accommodates tax-deferred exchanges of real estate and provides banking, trust and investment advisory services. The Companys specialty insurance segment issues property and casualty insurance policies and sells home warranty products. The property and casualty insurance business provides insurance coverage to residential homeowners and renters for liability losses and typical hazards, such as fire, theft, vandalism and other types of property damage. The Companys subsidiary is First American Title Insurance Company and First American Trust, FSB.

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