1,323 Shares in First American Financial Co. (NYSE:FAF) Bought by Capital Performance Advisors LLP

Capital Performance Advisors LLP acquired a new stake in shares of First American Financial Co. (NYSE:FAF) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,323 shares of the insurance provider’s stock, valued at approximately $87,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in FAF. Mather Group LLC. boosted its holdings in shares of First American Financial by 99.1% in the 2nd quarter. Mather Group LLC. now owns 671 shares of the insurance provider’s stock valued at $36,000 after buying an additional 334 shares in the last quarter. GAMMA Investing LLC lifted its position in First American Financial by 56.9% during the second quarter. GAMMA Investing LLC now owns 709 shares of the insurance provider’s stock valued at $38,000 after acquiring an additional 257 shares during the last quarter. Abich Financial Wealth Management LLC boosted its stake in First American Financial by 56.5% in the first quarter. Abich Financial Wealth Management LLC now owns 798 shares of the insurance provider’s stock valued at $49,000 after acquiring an additional 288 shares in the last quarter. Quarry LP grew its holdings in First American Financial by 340.8% in the second quarter. Quarry LP now owns 864 shares of the insurance provider’s stock worth $47,000 after purchasing an additional 668 shares during the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new position in shares of First American Financial during the second quarter worth $47,000. Hedge funds and other institutional investors own 89.05% of the company’s stock.

First American Financial Stock Performance

Shares of FAF stock opened at $64.25 on Friday. First American Financial Co. has a fifty-two week low of $51.60 and a fifty-two week high of $67.88. The firm has a market capitalization of $6.62 billion, a PE ratio of 72.19 and a beta of 1.29. The stock’s 50-day simple moving average is $64.82 and its 200-day simple moving average is $59.56.

First American Financial (NYSE:FAF) last issued its quarterly earnings results on Wednesday, October 23rd. The insurance provider reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.19. First American Financial had a net margin of 1.58% and a return on equity of 7.95%. The company had revenue of $1.41 billion for the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter in the prior year, the company earned $1.22 EPS. First American Financial’s quarterly revenue was down 5.1% on a year-over-year basis. Sell-side analysts forecast that First American Financial Co. will post 3.99 earnings per share for the current year.

First American Financial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Monday, December 9th will be issued a dividend of $0.54 per share. The ex-dividend date is Monday, December 9th. This represents a $2.16 annualized dividend and a dividend yield of 3.36%. First American Financial’s dividend payout ratio (DPR) is presently 242.70%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Barclays raised their price objective on First American Financial from $70.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Truist Financial raised their price target on First American Financial from $68.00 to $73.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Stephens upped their price objective on shares of First American Financial from $66.00 to $73.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Finally, Keefe, Bruyette & Woods lifted their target price on shares of First American Financial from $66.00 to $72.00 and gave the stock an “outperform” rating in a research note on Wednesday, September 4th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $72.50.

First American Financial Company 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.