First American Financial Co. (NYSE:FAF) Shares Sold by Cambiar Investors LLC

Cambiar Investors LLC lowered its position in shares of First American Financial Co. (NYSE:FAF) by 7.9% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 38,450 shares of the insurance provider’s stock after selling 3,315 shares during the period. Cambiar Investors LLC’s holdings in First American Financial were worth $2,401,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in FAF. UMB Bank n.a. increased its position in shares of First American Financial by 66.9% during the fourth quarter. UMB Bank n.a. now owns 524 shares of the insurance provider’s stock worth $33,000 after purchasing an additional 210 shares in the last quarter. Venturi Wealth Management LLC increased its position in First American Financial by 132.3% in the 3rd quarter. Venturi Wealth Management LLC now owns 625 shares of the insurance provider’s stock valued at $41,000 after acquiring an additional 356 shares during the period. Blue Trust Inc. increased its position in First American Financial by 214.2% in the 3rd quarter. Blue Trust Inc. now owns 1,021 shares of the insurance provider’s stock valued at $67,000 after acquiring an additional 696 shares during the period. GAMMA Investing LLC increased its position in First American Financial by 34.9% in the 4th quarter. GAMMA Investing LLC now owns 1,071 shares of the insurance provider’s stock valued at $67,000 after acquiring an additional 277 shares during the period. Finally, Sunbelt Securities Inc. acquired a new position in First American Financial in the 3rd quarter valued at about $75,000. Institutional investors and hedge funds own 89.05% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Barclays boosted their price target on 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. Keefe, Bruyette & Woods dropped 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. Truist Financial boosted their price target on First American Financial from $68.00 to $73.00 and gave the company a “buy” rating in a research report on Friday, October 25th. Finally, Stephens lifted their price objective on First American Financial from $66.00 to $73.00 and gave the company an “overweight” rating in a report on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $73.00.

First American Financial Trading Down 0.8 %

Shares of FAF opened at $63.37 on Tuesday. First American Financial Co. has a twelve month low of $51.60 and a twelve month high of $70.92. The stock’s 50 day moving average is $63.20 and its two-hundred day moving average is $63.88. The firm has a market capitalization of $6.53 billion, a PE ratio of 71.20 and a beta of 1.33.

First American Financial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 3.41%. The ex-dividend date of this dividend is Monday, March 10th. First American Financial’s dividend payout ratio (DPR) is 242.70%.

About First American Financial

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.