ARGA Investment Management LP Sells 214,581 Shares of First American Financial Co. (NYSE:FAF)

ARGA Investment Management LP decreased its position in First American Financial Co. (NYSE:FAF) by 86.1% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 34,593 shares of the insurance provider’s stock after selling 214,581 shares during the period. ARGA Investment Management LP’s holdings in First American Financial were worth $2,160,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Victory Capital Management Inc. lifted its position in shares of 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 stake in First American Financial by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 1,700,903 shares of the insurance provider’s stock valued at $112,306,000 after buying an additional 12,668 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in First American Financial by 4.6% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,493,111 shares of the insurance provider’s stock worth $98,560,000 after buying an additional 66,290 shares in the last quarter. Wellington Management Group LLP acquired a new position in shares of First American Financial during the 3rd quarter worth about $95,638,000. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of First American Financial by 0.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,118,145 shares of the insurance provider’s stock worth $73,809,000 after buying an additional 8,315 shares during the last quarter. Institutional investors and hedge funds own 89.05% of the company’s stock.

First American Financial Stock Up 0.2 %

Shares of NYSE FAF opened at $62.88 on Wednesday. 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 $6.48 billion, a PE ratio of 70.65 and a beta of 1.33. The business’s 50 day moving average price is $63.73 and its two-hundred day moving average price is $63.71.

First American Financial Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 10th will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date of this dividend is Monday, March 10th. First American Financial’s dividend payout ratio (DPR) is presently 242.70%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. 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. Keefe, Bruyette & Woods lowered their price target on First American Financial from $80.00 to $74.00 and set a “market perform” rating on the stock in a research report on Wednesday, January 8th. Barclays increased their price objective on First American Financial from $70.00 to $72.00 and gave the company an “equal weight” rating in a report on Friday, October 25th. Finally, Truist Financial boosted their target price 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. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $73.00.

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.