Augustine Asset Management Inc. Has $248,000 Stake in First American Financial Co. (NYSE:FAF)

Augustine Asset Management Inc. cut its holdings in shares of First American Financial Co. (NYSE:FAF) by 9.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,964 shares of the insurance provider’s stock after selling 401 shares during the quarter. Augustine Asset Management Inc.’s holdings in First American Financial were worth $248,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Victory Capital Management Inc. increased its stake in shares of First American Financial by 19.4% during 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 during the period. Geode Capital Management LLC grew its holdings 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 in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in First American Financial by 2.5% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,530,977 shares of the insurance provider’s stock worth $95,594,000 after buying an additional 37,866 shares during the period. Wellington Management Group LLP acquired a new stake in shares of First American Financial during the third quarter worth $95,638,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of First American Financial by 0.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,118,145 shares of the insurance provider’s stock valued at $73,809,000 after acquiring an additional 8,315 shares during the period. Institutional investors own 89.05% of the company’s stock.

First American Financial Price Performance

Shares of NYSE:FAF opened at $63.54 on Wednesday. The company’s 50 day simple moving average is $63.08 and its 200 day simple moving average is $63.91. First American Financial Co. has a 1 year low of $51.60 and a 1 year high of $70.92. The stock has a market capitalization of $6.54 billion, a price-to-earnings ratio of 71.39 and a beta of 1.33.

First American Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 10th will be issued a dividend of $0.54 per share. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.40%. First American Financial’s dividend payout ratio (DPR) is currently 242.70%.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Keefe, Bruyette & Woods lowered their price target on shares of 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 lifted their price target 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. Stephens boosted their price target on First American Financial from $66.00 to $73.00 and gave the company an “overweight” rating in a research note on Friday, October 25th. Finally, Truist Financial raised their price objective on First American Financial from $68.00 to $73.00 and gave the stock a “buy” rating in a research note on Friday, October 25th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $73.00.

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.