How Macquarie Currently Rates First Data (NYSE:FAF)
In an analyst research report revealed to investors and clients today, Macquarie analysts have commenced coverage First Data (NYSE:FAF) coverage with “Outperform” rating.
From a total of 6 analysts covering First American Financial (NYSE:FAF) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $45 while the lowest target price is $38. The mean of all analyst targets is $40.92 with a -20.16% below today’s ($34.82) stock price. First American Financial was the topic of 9 analyst reports since September 25, 2015 according to the firm StockzIntelligence Inc. Credit Suisse initiated shares on December 11 with “Neutral” rating. Piper Jaffray maintained shares with “Neutral” rating and $42 target share price in a report from a September 25. Bernstein initiated FAF stock in a recent report from December 10 with “Mkt Perform” rating. Finally, Robert W. Baird initiated the stock with “Neutral” rating in a report issued on a November 13.
Approximately 486,172 shares of stock traded hands. First American Financial Corp (NYSE:FAF) has declined 1.26% since May 15, 2015 and is downtrending. It has outperformed by 2.55% the S&P500.
The overall sentiment of institutions has increased to 1.31 in Q2 2015. Its up 0.20, from 1.11 in 2015Q2. The ratio increased, as 18 institutions have sold all the shares of First American Financial Corp that they owned while 83 funds have taken shares off the table. 52 funds have purchased shares for the first time while 80 added to their positions. These institutions now hold 112.29 million shares or 9.73% more than the 102.34 million shares they owned in 2015Q2.
The Fund Underhill Investment Management Llc currently is holding shares equating to 9.83% of its total portfolio in First American Financial Corp representing a total of 510,250 shares. Another fund,Ensemble Capital Management Llc, is holding a total of 482,550 shares equating to 5.97% of their holdings. Additionally, Channing Capital Management Llc has a 1.95 million share stake in First American Financial Corp which represents 3.72% of their total portfolio. The Fund, Ariel Investments Llc, based out of Illinois, has also built up a stake in the stock, which represents a total of 3.37% of their total portfolio. Finally Odey Asset Management Group Ltd, a fund which is based in the state of United Kingdom reported a total holdings of 1.02 million shares.
Insider activity is a very important aspect to track on any stock. Going back to April 29, 2015, shareholders of First American Financial Corp have witnessed 0 insider purchases, and a total of 1 insider sale equating to a net activity of approximately $336,958 . Seaton Mark Edward sold 7,845 shares worth approximately $336,958. Leavell Christopher Michael sold 9,272 shares worth approximately $328,136. Tasker Herbert Barber sold 11,645 shares worth approximately $431,331.
First American Financial Corporation is a holding company. The company has a market cap of $3.87 billion. Through its subsidiaries, the Company is engaged in the business of providing financial services. It has 13.32 P/E ratio. The Firm operates in two divisions: Title Insurance and Services segment, and Specialty Insurance segment.
According to Zacks Investment Research, “First American Financial Corporation provides financial services through its Title Insurance and Services segment and its Specialty Insurance segment. The Title Insurance and Services segment provides title insurance policies and provides escrow and real estate closing services on residential and commercial property. It also maintains, manages, and provides access to automated title plant records and images; accommodates tax-deferred exchanges of real estate; and provides investment advisory, trust, lending, and deposit services. The Specialty Insurance segment offers property and casualty insurance, including homeowners insurance, as well as provides home warranty policies. This segment markets its property and casualty insurance products through direct distribution channels, including employees and agents, as well as a network of brokers. First American Financial Corporation is based in Santa Ana, California.”