First American Financial Corporation (NYSE:FAF) is one of the best pure-play financial companies under $100 according to Hedge Funds.
Keefe Bruyette’s Bose George reaffirmed his bullish stance on First American Financial Corporation (NYSE:FAF) on December 18. The analyst rated the stock a Buy and raised his price target forecast from $79 to $81. This revision now implies an increase of more than 30% in relation to the prevailing level.
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George’s Outperform rating for First American Financial Corporation (NYSE:FAF) is due to his constructive view on the mortgage insurance market. It also forecasts double-digit growth in book value, which has led to an upward revision of the stock’s price target.
At the close on December 30, First American Financial Corporation (NYSE:FAF) had moderately bullish sentiment, with 2 Buy ratings and 2 Hold ratings. The stock has a 1-year consensus price target of $74.50, which still offers more than 20% upside.
First American Financial Corporation (NYSE:FAF) is a specialty insurance provider primarily offering title insurance and settlement services. Beyond that, they also offer home warranties, lending solutions, and wealth management services. The company has also diversified into data and analytics for commercial and residential properties.
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Disclosure: None. This article was originally published in Internal jumpsuit.