First American Financial Co. (NYSE:FAF) Shares Purchased by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC boosted its stake in First American Financial Co. (NYSE:FAF) by 1.6% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 27,092 shares of the insurance provider’s stock after buying an additional 433 shares during the period. Linden Thomas Advisory Services LLC’s holdings in First American Financial were worth $1,692,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. UMB Bank n.a. raised its stake 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 during the last quarter. Venturi Wealth Management LLC increased its position in shares of First American Financial by 132.3% in the third quarter. Venturi Wealth Management LLC now owns 625 shares of the insurance provider’s stock valued at $41,000 after buying an additional 356 shares in the last quarter. Quarry LP boosted its stake in shares of First American Financial by 340.8% during the second quarter. Quarry LP now owns 864 shares of the insurance provider’s stock valued at $47,000 after acquiring an additional 668 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of First American Financial by 214.2% during the third 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, GAMMA Investing LLC boosted its stake in shares of First American Financial by 34.9% during the fourth 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 last quarter. 89.05% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

FAF has been the topic of a number of research analyst reports. Truist Financial raised their price target 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. Stephens raised their price target on First American Financial from $66.00 to $73.00 and gave the stock an “overweight” rating in a research note on Friday, October 25th. Barclays raised their price target on First American Financial from $70.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Friday, October 25th. Finally, Keefe, Bruyette & Woods cut their price objective on First American Financial from $80.00 to $74.00 and set a “market perform” rating on the stock in a report on Wednesday, January 8th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.00.

First American Financial Price Performance

Shares of FAF stock opened at $61.82 on Friday. The firm has a market cap of $6.37 billion, a P/E ratio of 69.46 and a beta of 1.33. First American Financial Co. has a 1-year low of $51.60 and a 1-year high of $70.92. The firm has a fifty day moving average of $64.29 and a two-hundred day moving average of $63.34.

First American Financial (NYSE:FAF) last announced its quarterly earnings data on Wednesday, October 23rd. The insurance provider reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.19. The company had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.66 billion. First American Financial had a net margin of 1.58% and a return on equity of 7.95%. The firm’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period last year, the business earned $1.22 EPS. On average, sell-side analysts expect that First American Financial Co. will post 4.07 EPS for the current year.

First American Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 10th will be issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 3.49%. The ex-dividend date of this dividend is Monday, March 10th. First American Financial’s dividend payout ratio is currently 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.