First American Financial Co. (NYSE:FAF) Shares Sold by Ceredex Value Advisors LLC

Ceredex Value Advisors LLC decreased its holdings in First American Financial Co. (NYSE:FAF) by 0.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 208,543 shares of the insurance provider’s stock after selling 600 shares during the period. Ceredex Value Advisors LLC owned approximately 0.20% of First American Financial worth $13,766,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of FAF. Dimensional Fund Advisors LP boosted its position in shares of First American Financial by 16.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,647,709 shares of the insurance provider’s stock valued at $196,793,000 after acquiring an additional 515,710 shares during the last quarter. Boston Partners grew its stake in shares of First American Financial by 13.3% in the 1st quarter. Boston Partners now owns 4,074,181 shares of the insurance provider’s stock valued at $248,237,000 after buying an additional 479,618 shares during the period. Vanguard Group Inc. increased its holdings in shares of First American Financial by 4.3% during the 1st quarter. Vanguard Group Inc. now owns 10,567,038 shares of the insurance provider’s stock worth $645,118,000 after buying an additional 431,089 shares during the last quarter. Reinhart Partners LLC. raised its position in shares of First American Financial by 65.8% during the 2nd quarter. Reinhart Partners LLC. now owns 943,755 shares of the insurance provider’s stock valued at $50,916,000 after buying an additional 374,662 shares during the period. Finally, AQR Capital Management LLC lifted its holdings in First American Financial by 245.1% in the second quarter. AQR Capital Management LLC now owns 419,995 shares of the insurance provider’s stock valued at $22,659,000 after acquiring an additional 298,302 shares during the last quarter. Institutional investors and hedge funds own 89.05% of the company’s stock.

First American Financial Price Performance

FAF opened at $62.78 on Friday. The business has a fifty day moving average price of $64.86 and a 200 day moving average price of $59.31. First American Financial Co. has a 12 month low of $51.60 and a 12 month high of $67.88. The stock has a market capitalization of $6.47 billion, a price-to-earnings ratio of 70.54 and a beta of 1.29.

First American Financial (NYSE:FAF) last announced its quarterly earnings data on Wednesday, October 23rd. The insurance provider reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.15 by $0.19. The business had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.66 billion. First American Financial had a return on equity of 7.95% and a net margin of 1.58%. The business’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.22 earnings per share. On average, research analysts anticipate that First American Financial Co. will post 3.94 earnings per share for the current year.

First American Financial Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, September 27th. Investors of record on Friday, September 20th were paid a dividend of $0.54 per share. The ex-dividend date was Friday, September 20th. This represents a $2.16 dividend on an annualized basis and a yield of 3.44%. This is a boost from First American Financial’s previous quarterly dividend of $0.53. First American Financial’s dividend payout ratio is currently 242.70%.

Wall Street Analyst Weigh In

FAF has been the topic of several research analyst reports. Barclays boosted their price objective on shares of First American Financial from $70.00 to $72.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Keefe, Bruyette & Woods raised their price target on First American Financial from $66.00 to $72.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 4th. Truist Financial boosted their price objective on First American Financial from $68.00 to $73.00 and gave the company a “buy” rating in a report on Friday, October 25th. Finally, Stephens lifted their target price on First American Financial from $66.00 to $73.00 and gave the company an “overweight” rating in a research report on Friday, October 25th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $72.50.

First American Financial Profile

First American Financial Corporation, through its subsidiaries, provides financial services. It operates through Title Insurance and Services, and Home Warranty segments. The Title Insurance and Services segment issues title insurance policies on residential and commercial property, as well as offers related products and services internationally.