First American Financial Corporation $FAF Shares Acquired by Sterling Capital Management LLC

Sterling Capital Management LLC increased its stake in shares of First American Financial Corporation (NYSE:FAF) by 123.6% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 39,467 shares of the insurance provider’s stock after purchasing an additional 21,819 shares during the quarter. Sterling Capital Management LLC’s holdings in First American Financial were worth $2,397,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. GAMMA Investing LLC increased its stake in shares of First American Financial by 9.6% during the second quarter. GAMMA Investing LLC now owns 1,696 shares of the insurance provider’s stock worth $116,000 after acquiring an additional 148 shares during the period. Equitable Trust Co. raised its holdings in First American Financial by 2.3% during the first quarter. Equitable Trust Co. now owns 6,980 shares of the insurance provider’s stock worth $421,000 after purchasing an additional 160 shares in the last quarter. Elevation Wealth Partners LLC raised its holdings in First American Financial by 70.7% during the third quarter. Elevation Wealth Partners LLC now owns 437 shares of the insurance provider’s stock worth $27,000 after purchasing an additional 181 shares in the last quarter. Sanctuary Advisors LLC lifted its position in First American Financial by 6.7% in the first quarter. Sanctuary Advisors LLC now owns 3,956 shares of the insurance provider’s stock valued at $239,000 after purchasing an additional 248 shares during the period. Finally, Meeder Asset Management Inc. boosted its holdings in First American Financial by 0.7% in the 1st quarter. Meeder Asset Management Inc. now owns 40,934 shares of the insurance provider’s stock valued at $2,468,000 after purchasing an additional 297 shares in the last quarter. Institutional investors and hedge funds own 89.05% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently weighed in on FAF shares. Barclays decreased their price target on First American Financial from $79.00 to $75.00 and set an “overweight” rating on the stock in a research note on Friday. Weiss Ratings reissued a “buy (b)” rating on shares of First American Financial in a report on Friday, October 16th. Keefe, Bruyette & Woods boosted their target price on shares of First American Financial from $84.00 to $86.00 and gave the stock an “outperform” rating in a research report on Friday, July 24th. Benchmark started coverage on shares of First American Financial in a research note on Tuesday, July 21st. They set a “buy” rating and a $85.00 price target on the stock. Finally, Truist Financial reduced their price objective on shares of First American Financial from $80.00 to $78.00 and set a “buy” rating for the company in a research note on Friday. Seven equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $81.60.

First American Financial News Roundup

Here are the key news stories impacting First American Financial this week:

• Positive Sentiment: Commercial title activity provided an important offset to residential-market headwinds in the third quarter. Management also highlighted adjusted earnings and revenue growth, suggesting that strength in commercial business and other segments is helping cushion the slower housing market. FAF Q3 deep dive: commercial strength offsets residential headwinds, focus shifts to tech rollout
• Positive Sentiment: First American plans to route a majority of its direct revenue through its Endpoint technology platform by the end of 2027. The rollout could improve efficiency and operating leverage over time, although benefits are expected to develop gradually in a “lower for longer” residential environment. First American outlines Endpoint revenue plan
• Neutral Sentiment: Truist Securities lowered its price target to $78 from $80 but maintained a Buy rating. The reduced target signals somewhat more cautious expectations, while the unchanged rating indicates the firm still sees meaningful upside. Truist adjusts First American price target
• Negative Sentiment: Third-quarter adjusted EPS was $1.78, below the $1.85 consensus estimate, while revenue of approximately $2.09 billion was slightly below expectations. Reported profit also declined from the prior-year period, ending a seven-quarter earnings-beat streak and weighing on investor sentiment. First American misses Q3 earnings and revenue estimates
• Negative Sentiment: Dowling & Partners cut its EPS forecasts for 2026, 2027 and 2028 to $6.94, $7.15 and $7.10, respectively, from $7.11, $7.35 and $7.55. The reductions reinforce concerns that subdued residential real-estate activity could limit First American’s earnings recovery. Analyst earnings estimate revisions

First American Financial Stock Performance

Shares of FAF stock opened at $64.61 on Monday. The stock has a fifty day moving average price of $68.44 and a 200 day moving average price of $68.82. The stock has a market cap of $6.60 billion, a PE ratio of 9.10, a P/E/G ratio of 0.61 and a beta of 1.24. First American Financial Corporation has a 1 year low of $56.20 and a 1 year high of $79.87.

First American Financial (NYSE:FAF) last posted its earnings results on Wednesday, October 21st. The insurance provider reported $1.78 earnings per share for the quarter, missing the consensus estimate of $1.85 by ($0.07). First American Financial had a net margin of 9.05% and a return on equity of 13.43%. The firm had revenue of $2.09 billion during the quarter, compared to analyst estimates of $2.10 billion. During the same period last year, the company posted $1.84 EPS. As a group, equities research analysts predict that First American Financial Corporation will post 6.95 earnings per share for the current year.

First American Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 5th. Investors of record on Monday, September 28th were given a $0.55 dividend. The ex-dividend date was Monday, September 28th. This represents a $2.20 annualized dividend and a dividend yield of 3.4%. First American Financial’s payout ratio is currently 34.37%.

About First American Financial

First American Financial Corporation (NYSE: FAF) is a provider of title insurance, settlement services and financial technology solutions for the real estate and mortgage industries. Through its First American Title operations, the company helps protect property owners, lenders and other parties against title defects and related risks during real estate transactions.

The company’s services include title searches and examination, title insurance policies, escrow and closing services, and transaction coordination.