First American Financial Co. (NYSE:FAF) Stock Position Lifted by ST Germain D J Co. Inc.

ST Germain D J Co. Inc. boosted its stake in First American Financial Co. (NYSE:FAF) by 1.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 232,034 shares of the insurance provider’s stock after buying an additional 3,773 shares during the quarter. ST Germain D J Co. Inc. owned approximately 0.23% of First American Financial worth $14,488,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its stake in First American Financial by 16.5% in the second 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. Ariel Investments LLC lifted its stake in shares of First American Financial by 2.8% in the 2nd quarter. Ariel Investments LLC now owns 3,609,697 shares of the insurance provider’s stock valued at $194,743,000 after purchasing an additional 97,158 shares during the last quarter. Victory Capital Management Inc. boosted its holdings in First American Financial by 19.4% in the third quarter. Victory Capital Management Inc. now owns 2,495,766 shares of the insurance provider’s stock worth $164,746,000 after purchasing an additional 405,146 shares in the last quarter. Geode Capital Management LLC increased its position in First American Financial by 0.8% during the third quarter. Geode Capital Management LLC now owns 1,700,903 shares of the insurance provider’s stock worth $112,306,000 after buying an additional 12,668 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in First American Financial by 4.6% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,493,111 shares of the insurance provider’s stock valued at $98,560,000 after buying an additional 66,290 shares in the last quarter. Institutional investors and hedge funds own 89.05% of the company’s stock.

First American Financial Stock Performance

First American Financial stock traded down $2.47 on Friday, reaching $57.55. The company’s stock had a trading volume of 289,812 shares, compared to its average volume of 432,424. First American Financial Co. has a twelve month low of $51.60 and a twelve month high of $70.92. The company has a market cap of $5.93 billion, a price-to-earnings ratio of 64.66 and a beta of 1.33. The business’s fifty day moving average price is $64.88 and its 200 day moving average price is $62.70.

First American Financial (NYSE:FAF) last posted its quarterly earnings results on Wednesday, October 23rd. The insurance provider reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.19. The company had revenue of $1.41 billion for 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 firm’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.22 EPS. As a group, equities analysts forecast that First American Financial Co. will post 4.07 earnings per share for the current year.

First American Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 9th were given a $0.54 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.75%. First American Financial’s dividend payout ratio is 242.70%.

Wall Street Analyst Weigh In

FAF has been the topic of a number of recent analyst reports. Barclays raised their price objective on First American Financial from $70.00 to $72.00 and gave the company an “equal weight” rating in a research note on Friday, October 25th. Truist Financial upped their price objective on shares of First American Financial from $68.00 to $73.00 and gave the stock a “buy” rating in a report on Friday, October 25th. Stephens raised their price target 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. Finally, Keefe, Bruyette & Woods reduced their target price on shares of First American Financial from $80.00 to $74.00 and set a “market perform” rating on the stock in a research note on Wednesday. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $73.00.

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.