Advantage Alpha Capital Partners LP Purchases New Shares in First American Financial Co. (NYSE:FAF)

Advantage Alpha Capital Partners LP purchased a new position in shares of First American Financial Co. (NYSE:FAF - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 77,734 shares of the insurance provider's stock, valued at approximately $5,131,000. Advantage Alpha Capital Partners LP owned about 0.08% of First American Financial at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the business. Dimensional Fund Advisors LP increased its position in First American Financial by 16.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,647,709 shares of the insurance provider's stock valued at $196,793,000 after acquiring an additional 515,710 shares during the period. Boston Partners increased its holdings in First American Financial by 13.3% in the first quarter. Boston Partners now owns 4,074,181 shares of the insurance provider's stock valued at $248,237,000 after purchasing an additional 479,618 shares during the period. Victory Capital Management Inc. increased its holdings in First American Financial by 19.4% in the third quarter. Victory Capital Management Inc. now owns 2,495,766 shares of the insurance provider's stock valued at $164,746,000 after purchasing an additional 405,146 shares during the period. Reinhart Partners LLC. raised its position in shares of First American Financial by 65.8% during the second quarter. Reinhart Partners LLC. now owns 943,755 shares of the insurance provider's stock worth $50,916,000 after acquiring an additional 374,662 shares during the last quarter. Finally, AQR Capital Management LLC increased its position in First American Financial by 245.1% during the 2nd quarter. AQR Capital Management LLC now owns 419,995 shares of the insurance provider's stock valued at $22,659,000 after purchasing an additional 298,302 shares during the period. Institutional investors own 89.05% of the company's stock.

Analyst Ratings Changes

FAF has been the topic of a number of recent analyst reports. 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. Keefe, Bruyette & Woods upped their price target on shares of First American Financial from $66.00 to $72.00 and gave the company an "outperform" rating in a research report on Wednesday, September 4th. Stephens lifted their price objective on First American Financial from $66.00 to $73.00 and gave the stock an "overweight" rating in a research report on Friday, October 25th. Finally, Truist Financial boosted their price objective on First American Financial from $68.00 to $73.00 and gave the company a "buy" rating in a research note on Friday, October 25th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $72.50.

First American Financial Price Performance

Shares of FAF stock traded down $0.37 on Tuesday, reaching $69.25. 722,433 shares of the company were exchanged, compared to its average volume of 671,296. First American Financial Co. has a one year low of $51.60 and a one year high of $70.92. The company has a market cap of $7.13 billion, a price-to-earnings ratio of 77.32 and a beta of 1.29. The company has a 50-day moving average of $64.97 and a 200-day moving average of $60.47.

First American Financial (NYSE:FAF - Get Free Report) last released its quarterly earnings data on Wednesday, October 23rd. The insurance provider reported $1.34 EPS for the quarter, beating the consensus estimate 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 firm had revenue of $1.41 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same quarter in the previous year, the company posted $1.22 earnings per share. The company's quarterly revenue was down 5.1% on a year-over-year basis. As a group, sell-side analysts predict that First American Financial Co. will post 4.04 EPS for the current year.

First American Financial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Monday, December 9th will be paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date of this dividend is Monday, December 9th. First American Financial's dividend payout ratio (DPR) is 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.