Sanctuary Advisors LLC increased its holdings in shares of First American Financial Co. (NYSE:FAF – Free Report) by 57.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 6,669 shares of the insurance provider’s stock after acquiring an additional 2,442 shares during the period. Sanctuary Advisors LLC’s holdings in First American Financial were worth $451,000 as of its most recent SEC filing.
A number of other large investors have also made changes to their positions in FAF. Venturi Wealth Management LLC raised its stake in shares of First American Financial by 132.3% during the 3rd quarter. Venturi Wealth Management LLC now owns 625 shares of the insurance provider’s stock worth $41,000 after buying an additional 356 shares during the last quarter. Ashton Thomas Private Wealth LLC purchased a new stake in First American Financial in the 2nd quarter worth approximately $47,000. Quarry LP increased its stake in First American Financial by 340.8% in the second quarter. Quarry LP now owns 864 shares of the insurance provider’s stock valued at $47,000 after purchasing an additional 668 shares during the last quarter. Blue Trust Inc. increased its stake in shares of First American Financial by 214.2% during 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 last quarter. Finally, Sunbelt Securities Inc. purchased a new position in First American Financial during the third quarter worth approximately $75,000. Hedge funds and other institutional investors own 89.05% of the company’s stock.
First American Financial Trading Down 0.1 %
FAF opened at $63.45 on Friday. First American Financial Co. has a twelve month low of $51.60 and a twelve month high of $70.92. The firm has a market cap of $6.54 billion, a price-to-earnings ratio of 71.29 and a beta of 1.30. The company has a fifty day simple moving average of $65.52 and a 200 day simple moving average of $62.11.
First American Financial (NYSE:FAF – Get Free Report) last announced its earnings results on Wednesday, October 23rd. The insurance provider reported $1.34 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.19. First American Financial had a return on equity of 7.95% and a net margin of 1.58%. The business had revenue of $1.41 billion for the quarter, compared to analyst estimates of $1.66 billion. During the same period in the previous year, the company earned $1.22 earnings per share. The company’s revenue for the quarter was down 5.1% compared to the same quarter last year. On average, analysts forecast that First American Financial Co. will post 4.07 earnings per share for the current fiscal year.
First American Financial Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Monday, December 16th. Investors of record on Monday, December 9th were paid a $0.54 dividend. The ex-dividend date was Monday, December 9th. 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 presently 242.70%.
Analyst Ratings Changes
A number of research analysts recently weighed in on the company. Truist Financial lifted their target price on First American Financial from $68.00 to $73.00 and gave the company a “buy” rating in a report on Friday, October 25th. Stephens increased their target price on shares of First American Financial from $66.00 to $73.00 and gave the stock an “overweight” rating in a research report on Friday, October 25th. 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. Finally, Keefe, Bruyette & Woods reissued a “market perform” rating and issued a $80.00 target price on shares of First American Financial in a research note on Tuesday, December 10th. Two analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, First American Financial currently has a consensus rating of “Moderate Buy” and an average target price of $74.50.
View Our Latest Analysis on First American Financial
First American Financial Profile
(Free Report)
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.
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