First American Financial Corporation $FAF Stock Position Boosted by Reinhart Partners LLC.

Reinhart Partners LLC. raised its stake in shares of First American Financial Corporation (NYSE:FAF) by 1.9% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 1,553,234 shares of the insurance provider’s stock after buying an additional 28,534 shares during the period. First American Financial comprises approximately 2.4% of Reinhart Partners LLC.’s holdings, making the stock its 19th largest position. Reinhart Partners LLC.’s holdings in First American Financial were worth $106,537,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. Duncker Streett & Co. Inc. increased its stake in shares of First American Financial by 616.4% during the first quarter. Duncker Streett & Co. Inc. now owns 437 shares of the insurance provider’s stock valued at $26,000 after acquiring an additional 376 shares during the period. V Square Quantitative Management LLC acquired a new stake in shares of First American Financial in the fourth quarter valued at $27,000. Global Retirement Partners LLC boosted its stake in First American Financial by 1,107.5% during the fourth quarter. Global Retirement Partners LLC now owns 483 shares of the insurance provider’s stock valued at $30,000 after buying an additional 443 shares in the last quarter. Danske Bank A S bought a new position in First American Financial during the third quarter valued at about $45,000. Finally, IFP Advisors Inc grew its holdings in First American Financial by 568.8% during the fourth quarter. IFP Advisors Inc now owns 749 shares of the insurance provider’s stock worth $46,000 after acquiring an additional 637 shares during the period. 89.05% of the stock is owned by institutional investors and hedge funds.

First American Financial Price Performance

NYSE:FAF opened at $74.25 on Friday. The stock has a market cap of $7.58 billion, a PE ratio of 10.28, a price-to-earnings-growth ratio of 0.70 and a beta of 1.22. First American Financial Corporation has a fifty-two week low of $56.20 and a fifty-two week high of $79.87. The stock’s 50-day moving average is $70.06 and its two-hundred day moving average is $67.04.

First American Financial (NYSE:FAF) last posted its quarterly earnings results on Wednesday, July 22nd. The insurance provider reported $2.08 EPS for the quarter, topping the consensus estimate of $1.80 by $0.28. First American Financial had a net margin of 9.33% and a return on equity of 13.31%. The business had revenue of $2.11 billion during the quarter, compared to analysts’ expectations of $2.03 billion. During the same period last year, the company posted $1.53 earnings per share. The firm’s quarterly revenue was up 15.0% compared to the same quarter last year. On average, equities research analysts anticipate that First American Financial Corporation will post 7.02 earnings per share for the current year.

First American Financial Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 15th. Stockholders of record on Monday, June 8th were issued a dividend of $0.55 per share. This represents a $2.20 annualized dividend and a dividend yield of 3.0%. The ex-dividend date was Monday, June 8th. First American Financial’s payout ratio is currently 30.47%.

Insider Buying and Selling at First American Financial

In other news, CAO Steven A. Adams sold 3,253 shares of the company’s stock in a transaction on Friday, July 24th. The shares were sold at an average price of $74.99, for a total value of $243,942.47. Following the transaction, the chief accounting officer directly owned 10,234 shares of the company’s stock, valued at approximately $767,447.66. This represents a 24.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 3.50% of the company’s stock.

Analyst Ratings Changes

FAF has been the subject of a number of research analyst reports. Wall Street Zen downgraded shares of First American Financial from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Weiss Ratings reaffirmed a “buy (b)” rating on shares of First American Financial in a research note on Monday, July 20th. Truist Financial increased their target price on shares of First American Financial from $82.00 to $85.00 and gave the company a “buy” rating in a research note on Friday, April 24th. Stephens restated an “overweight” rating and set a $84.00 target price on shares of First American Financial in a report on Friday, June 12th. Finally, Zacks Research lowered shares of First American Financial from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, June 23rd. Seven investment 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, the company has an average rating of “Moderate Buy” and a consensus target price of $84.60.

About First American Financial

First American Financial Corporation is a leading provider of title insurance, settlement services and diversified real estate-related data and analytics. Headquartered in Santa Ana, California, the company serves customers throughout the United States as well as in Canada, Europe, Latin America and Asia. Its business is built on the underwriting capabilities of its title insurance operations combined with comprehensive closing and escrow services for homebuyers, sellers, mortgage lenders and real estate professionals.

The company’s title insurance segment issues policies that protect property owners and mortgage lenders against defects in titles, liens or encumbrances that can arise during real property transactions.