First American Financial Co. (NYSE:FAF) Shares Purchased by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. boosted its stake in shares of First American Financial Co. (NYSE:FAF) by 83.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 893,216 shares of the insurance provider’s stock after buying an additional 405,487 shares during the period. Jacobs Levy Equity Management Inc. owned 0.87% of First American Financial worth $58,961,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Tidal Investments LLC purchased a new stake in shares of First American Financial in the first quarter valued at about $812,000. Comerica Bank grew its stake in shares of First American Financial by 3.9% in the 1st quarter. Comerica Bank now owns 51,634 shares of the insurance provider’s stock valued at $3,152,000 after buying an additional 1,938 shares during the period. Cetera Advisors LLC acquired a new stake in shares of First American Financial during the 1st quarter worth approximately $457,000. GAMMA Investing LLC raised its position in shares of First American Financial by 56.9% during the 2nd quarter. GAMMA Investing LLC now owns 709 shares of the insurance provider’s stock valued at $38,000 after buying an additional 257 shares during the period. Finally, Mather Group LLC. lifted its holdings in First American Financial by 99.1% in the second quarter. Mather Group LLC. now owns 671 shares of the insurance provider’s stock valued at $36,000 after acquiring an additional 334 shares during the last quarter. 89.05% of the stock is currently owned by hedge funds and other institutional investors.

First American Financial Trading Down 1.2 %

FAF stock opened at $69.61 on Wednesday. The business’s fifty day moving average price is $65.49 and its 200 day moving average price is $61.04. First American Financial Co. has a 12-month low of $51.60 and a 12-month high of $70.92. The company has a market capitalization of $7.17 billion, a PE ratio of 78.21 and a beta of 1.30.

First American Financial (NYSE:FAF) last issued its quarterly earnings results on Wednesday, October 23rd. The insurance provider reported $1.34 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.19. The business had revenue of $1.41 billion for the quarter, compared to analysts’ expectations of $1.66 billion. First American Financial had a net margin of 1.58% and a return on equity of 7.95%. The business’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.22 earnings per share. Research analysts predict that First American Financial Co. will post 4.07 EPS for the current fiscal year.

First American Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 9th will be given a $0.54 dividend. The ex-dividend date is Monday, December 9th. This represents a $2.16 annualized dividend and a yield of 3.10%. First American Financial’s dividend payout ratio is presently 242.70%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Stephens raised their target price on First American Financial from $66.00 to $73.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Truist Financial increased 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. Barclays upped their target price on shares of First American Financial from $70.00 to $72.00 and gave the company an “equal weight” rating in a research report on Friday, October 25th. Finally, Keefe, Bruyette & Woods lifted their price target on shares of First American Financial from $66.00 to $72.00 and gave the company an “outperform” rating in a research report on Wednesday, September 4th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, First American Financial 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.