First American Financial Co. (NYSE:FAF) Shares Bought by Venturi Wealth Management LLC

Venturi Wealth Management LLC grew its position in shares of First American Financial Co. (NYSE:FAF) by 314.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,592 shares of the insurance provider’s stock after acquiring an additional 1,967 shares during the quarter. Venturi Wealth Management LLC’s holdings in First American Financial were worth $162,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. UMB Bank n.a. lifted its holdings in First American Financial by 66.9% in 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 period. Blue Trust Inc. lifted its holdings in First American Financial by 214.2% in the third quarter. Blue Trust Inc. now owns 1,021 shares of the insurance provider’s stock worth $67,000 after purchasing an additional 696 shares during the period. GAMMA Investing LLC lifted its holdings in First American Financial by 34.9% in the fourth quarter. GAMMA Investing LLC now owns 1,071 shares of the insurance provider’s stock worth $67,000 after purchasing an additional 277 shares during the period. Sunbelt Securities Inc. acquired a new stake in First American Financial in the third quarter worth about $75,000. Finally, Capital Performance Advisors LLP acquired a new stake in First American Financial in the third quarter worth about $87,000. Institutional investors and hedge funds own 89.05% of the company’s stock.

First American Financial Trading Up 0.4 %

Shares of First American Financial stock opened at $63.44 on Friday. The company’s 50-day moving average price is $62.52 and its two-hundred day moving average price is $64.04. First American Financial Co. has a 52 week low of $51.60 and a 52 week high of $70.92. The stock has a market cap of $6.53 billion, a PE ratio of 50.75 and a beta of 1.33.

First American Financial (NYSE:FAF) last posted its quarterly earnings data on Wednesday, February 12th. The insurance provider reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.13 by $0.22. First American Financial had a return on equity of 9.35% and a net margin of 2.14%. On average, equities analysts predict that First American Financial Co. will post 5.35 EPS for the current fiscal year.

First American Financial Announces Dividend

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. The ex-dividend date of this dividend is Monday, March 10th. This represents a $2.16 annualized dividend and a yield of 3.40%. First American Financial’s payout ratio is presently 172.80%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on FAF shares. Keefe, Bruyette & Woods upped their price objective on shares of First American Financial from $74.00 to $75.00 and gave the stock a “market perform” rating in a report on Tuesday. Truist Financial boosted their price target on shares of First American Financial from $68.00 to $73.00 and gave the stock a “buy” rating in a research report on Friday, October 25th. Stephens boosted their price target on shares of First American Financial from $73.00 to $78.00 and gave the stock an “overweight” rating in a research report on Friday, February 14th. Finally, Barclays boosted their price target on shares of First American Financial from $70.00 to $72.00 and gave the stock an “equal weight” rating in a research report on Friday, October 25th. Two analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, First American Financial presently has a consensus rating of “Moderate Buy” and an average target price of $74.50.

Insiders Place Their Bets

In other First American Financial news, Director Dennis J. Gilmore sold 111,971 shares of the business’s stock in a transaction dated Friday, February 14th. The stock was sold at an average price of $63.60, for a total transaction of $7,121,355.60. Following the sale, the director now owns 494,574 shares in the company, valued at approximately $31,454,906.40. The trade was a 18.46 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.70% of the company’s stock.

First American Financial Company 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.